Edwynn -> RE: Libertarians to build their own countries (8/17/2011 1:29:13 PM)
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ORIGINAL: Marc2b quote:
Dunno, are you a libertarian? I think it would be fair to say that I am a borderline libertarian. On most issues I’ll come down on the side of more freedom of choice for people and less government control over our lives. I distrust any form of concentrated power. I have no faith in our bumbling, blundering, national government and would like to see much of its power returned to the states and localities. I don’t have much faith in local governments either but at least it is easier to bring about change on a local level. I believe that society should have few rules, strictly enforced, rather than ten million rules trying to make everything fair for everybody all the time (an impossibility… the reality is that the rules favor whoever is in power). I can agree to some extent, in spirit, but when one takes classes that delve into all this quite deeply and you look at the real numbers, extensive deregulation and well functioning markets have never gone hand-in-hand. Not now (especially not now), and not ever in history, in this or any other country. quote:
I distrust any form of concentrated power. Which is exactly why the ever greater concentration of corporate power should be worrisome to all who value any notion of a good society. Allowing the merger of the #1 and #2 oil companies, soon followed by the merger of the previously #3 and #4 oil companies is NOT the way to go about promoting competition and looking out for consumers' interests. And what about Alan Greenspan's anointing of the merger of Citibank (a commercial bank) and Travelers Group (which owned Aetna, Smith Barney, Soloman Bros. and a long list of others, the latter two being investment banks), even while the then-existing Glass-Stegal Act prohibited such merger? No worries. As was explained by Sandy Weil: http://en.wikipedia.org/wiki/Citigroup - The remaining provisions of the Glass–Steagall Act – enacted following the Great Depression – forbade banks to merge with insurance underwriters, and meant Citigroup had between two and five years to divest any prohibited assets. However, Weill stated at the time of the merger that they believed "that over that time the legislation will change...we have had enough discussions to believe this will not be a problem".[3] Indeed, the passing of the Gramm-Leach-Bliley Act in November 1999 vindicated Reed and Weill's views, opening the door to financial services conglomerates offering a mix of commercial banking, investment banking, insurance underwriting and brokerage.[30] - Neat how that works, huh? Almost as neat as S&P's forcing Georgia and New Jersey to rescind their anti-predatory lending laws, along with the industry-controlled Office of the Comptroller of the Currency, by way of having the lead partner of the finance industry's leading lobby law firm, John D.Hawke, as holding title to that office and informing all states that any such laws were pronounced as null and void. Neat how that works, huh? Is that what you speak of regarding Federal vs. state powers? quote:
I have no faith in our bumbling, blundering, national government and would like to see much of its power returned to the states and localities. I think it might be a good thing to return power from the corporation to the government to begin with, even before we get to Fed. vs. state. I hope that it would be understood that, as illustrated above, it's not always actually the case of "bumbling and blundering," but actually quite intentional action. The concentration of corporate power, intruding upon democracy and elsewise where it has no business being, is indeed cause for concern.
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