Unregulated capitalism accomplishes the opposite.(of competition) ?the free market can only exist in the long-term through appropriate and sensible regulation.
Really, a ?Free? market can only exist by being regulated?? Do you see the irony of your statement?
Govt getting it wrong by setting ?appropriate and sensible regulation? is the point of this post. S Korea destroyed competition for IE with regulation, currently making things worse than if the unregulated market had been embraced. I can?t understand how you can think a bunch of bought off bureaucrats are more incentivized to "get it right" than the likes of Steve Jobs and those with Billions at risk. The numerous TechDirt posts about the current regulatory assault by Govt on the ?Free? Internet (SOPA, ACTA, TPP, CISPA) should be example enough. Regulations limit choice and destroy wealth, thus destroying freedom.
I know that Steve Jobs could have done more with $1B than any of those idiots in DC could have done with $100B.
"Series of tubes" was coined by US Sen. Ted Stevens (R-Alaska)to describe the Internet.
Capitalism fosters competition, bringing about choice and lower prices. Govt hates when people can choose.
Govt & Socialism foster monopolies, bringing about lack of choice and higher prices. Central Planning always has unintended consequences, as stated above.
Capitalism replaces that which does not work with something that will, See S&L Crisis for real Capitalism. http://www.fdic.gov/bank/historical/s&l/
This is exactly what the 28M small businesses in the US do everyday.
They seek customers in multiple ways, provide a quality product and customer service to build a client base. They compete for eyeballs/ears which keeps them nimble and hungry. Capitalism at its best.
I wonder how a letter or phone call to the BBB would go over?
The BBB might not post the complaint, but they will adjust their rating and list the number of complaints against the company.
To claim to "know" what "would be" is delusional thinking and you agreed with my point.
You can't name a single bank in all of Europe that "failed". You are truly delusional...
http://www.youtube.com/watch?v=CaK9bjLy3v4
Once again, another govt agency beholden to the very industry they are chartered to regulate. The promise of a cushy job with a big paycheck is too tempting for the agency to be effective.
Perfect example:
Revolving Door Between The MPAA And The Federal Government
http://www.techdirt.com/articles/20120417/04502518523/revolving-door-between-mpaa-federal-government.shtml
Come back to reality.
The Oil Boom is the reason North Dakota is doing so well, not the bank. The state is collecting record tax revenues from the drilling of Earth Killing Oil which it is depositing into the state bank. Without the oil, ND would be a 19th century agrarian society. North Dakota = DRILL, BABY, DRILL.
Greece, Portugal & Spain are all spending above what their economy?s GDP can handle.
Why does Spain have near 50% unemployment? Socialism
Why do all the above countries have austerity? Socialist spending.
demand to control how resources should be allocated.
is the definition of Socialism. Are you drunk?
Indeed, you seem to being pulling it off, good for you. Keep up the good job.
Socialism destroys wealth, property and lives.
Timely example - German Government Wants Google To Pay To Show News Snippets.
http://www.techdirt.com/articles/20120305/09161017982/german-government-wants-google-to-pay-to-show-news-snippets.shtml
My favorite line for the story: ...and(the German Govt) has just announced that it will bring in a compulsory licensing scheme for the use of even "small parts" of journalistic articles on commercial sites. More destruction.
Socialism if full of corrupt, half wits who would have put Steve Jobs in chains for being a Capitalist.
When the EU finally collapses due to Socialism, maybe you'll understand what Steve Jobs did - "You have to be run by ideas, not hierarchy. The best ideas have to win."
You're forgetting that the Govt has given the media and publishing communities an elongated monopoly. The Chinese are monopoly busters.
Why don't the union people start their own company if corporations are so evil? What's stopping them?
Oh yea, I forgot, it takes smart people willing to risk their financial future to build something from the ground up w/18 hr days and no guarantee of success.
Steve Jobs 1, Union drone 0
Name of my new Chinese media company!
As long as the American Federation of Government Employees (AFGE) controls the TSA, We the People get the shaft with bad service and window dressing security.
SF International Airport should be the model we follow. They are private, give incentives to their employees and have a better record than the TSA of finding ?real? threats.
The main problem with your argument is that Capitalism requires creative destruction and greed(competition to win), as Steve Jobs stated "You have to be run by ideas, not hierarchy. The best ideas have to win." His strong belief in Capitalism has done more to change the world than any Socialist/Communist program ever. He wanted to win and did.
As more Govt becomes involved, Capitalism breaks down and steals wealth from the likes of Steve Jobs. Capitalism can exist without Govt and does every day on Craigslist, but Socialism is dependent on Monopolies of Govt to work.
Offense was my intention, but it kind of works the other way too.
Why hasn't the ICL posted their own bill and pitched it like the countless lobbies in DC do every day?
Why do we wait for these asses to post the bill and play defense? Offence is the best defense!
EFF, TechDirt, FreePress, etc need put together a bill that strictly PROHIBITS the kind of crap these asses keep pushing because sooner or later, they will sneak one by.
Re: Re: Re: Re: Capitalism vs Central Planning
Irony at its best. ?unfair business practices, monopolies, collusion, price fixing, price gouging, vendor lockouts, rip-offs, deception, even dangerous products, etc...
All these can be attributable to Govt regulations more so than Capitalism. Govt IS the monopoly, price fixing, price gouging, vender lockout, (money wasting) rip-off, deceptive, collusive, killer drug approving, unfair business practice MACHINE of all time.
?government not understanding the consequences of their actions, and handing complete control over an important market to a single company, is the point of this post.
That?s exactly what I said. The unintended consequences of regulation caused S Korea to shoot itself in the foot. I was sarcastically pointing out that setting, what always looks like ?appropriate and sensible regulation? at the time, has caused more damage to the world than Capitalism ever could. The disastrous regulations of N Korea, Cuba, the Soviet Block & China have killed 100?s of millions more than Capitalism.