Government’s proper role in the market

M

midcan5

Member
'The Rules' by Eliot Spitzer

"What are the parameters of government intervention in the marketplace? What rules should we use in deciding when the government should act, and when it should let the market take its course?

Has our response to the immediate crisis been successful?

How might we restore an effective structure for corporate governance? The failures of corporate governance account for much of our economic troubles over the past 30 years. Getting out of the current mess will require addressing these underlying failures."

http://bostonreview.net/BR35.2/spitzer.php

'To sum up, I want to leave you with ten points:'

" Only government can enforce integrity and transparency in the marketplace; self-regulation is a failure.

Only government can take necessary steps to overcome market failures, such as negative externalities or monopoly power.

Only government can act to preserve certain core values in the market, such as prohibitions on discrimination...."
 
midcan5 said:
'The Rules' by Eliot Spitzer

"What are the parameters of government intervention in the marketplace? What rules should we use in deciding when the government should act, and when it should let the market take its course?

Has our response to the immediate crisis been successful?

How might we restore an effective structure for corporate governance? The failures of corporate governance account for much of our economic troubles over the past 30 years. Getting out of the current mess will require addressing these underlying failures."

http://bostonreview.net/BR35.2/spitzer.php

'To sum up, I want to leave you with ten points:'

" Only government can enforce integrity and transparency in the marketplace; self-regulation is a failure.

Only government can take necessary steps to overcome market failures, such as negative externalities or monopoly power.

Only government can act to preserve certain core values in the market, such as prohibitions on discrimination...."
Click to expand...

How can the government possibly enforce integrity and transparency in the private sector, when it cannot do the same within its own ranks?
 
midcan5 said:
'The Rules' by Eliot Spitzer

"What are the parameters of government intervention in the marketplace? What rules should we use in deciding when the government should act, and when it should let the market take its course?

Has our response to the immediate crisis been successful?

How might we restore an effective structure for corporate governance? The failures of corporate governance account for much of our economic troubles over the past 30 years. Getting out of the current mess will require addressing these underlying failures."

http://bostonreview.net/BR35.2/spitzer.php

'To sum up, I want to leave you with ten points:'

" Only government can enforce integrity and transparency in the marketplace; self-regulation is a failure.

Only government can take necessary steps to overcome market failures, such as negative externalities or monopoly power.

Only government can act to preserve certain core values in the market, such as prohibitions on discrimination...."
Click to expand...

Excellent article.

We have to remember Greenspan stopped the investigation into fraud saying he didn't want to enforce fraud laws. The marketplace would look after it. Basically, he was saying if people invested and lost money it didn't matter if the company/stocks/financial instruments in which they were investing were "legit" or not. If someone could sell garbage Greenspan didn't care who bought it.

Here's the PBS video. http://www.pbs.org/wgbh/pages/frontline/warning/view/
 
midcan5 said:
'The Rules' by Eliot Spitzer

"What are the parameters of government intervention in the marketplace? What rules should we use in deciding when the government should act, and when it should let the market take its course?

Has our response to the immediate crisis been successful?

How might we restore an effective structure for corporate governance? The failures of corporate governance account for much of our economic troubles over the past 30 years. Getting out of the current mess will require addressing these underlying failures."

http://bostonreview.net/BR35.2/spitzer.php

'To sum up, I want to leave you with ten points:'

" Only government can enforce integrity and transparency in the marketplace; self-regulation is a failure.

Only government can take necessary steps to overcome market failures, such as negative externalities or monopoly power.

Only government can act to preserve certain core values in the market, such as prohibitions on discrimination...."
Click to expand...


I like this article. These principles are self evident. Of course self-regulation doesn't work, and of course government is the only entity that can keep wealth and corporate interests from consolidating into monopolies. Of course you have to have clean government that can't be bought off by special interests. One that acts in the public interest. So until corporate donations are outlawed and public financing of campaigns is mandatory, I think you will continue to have politicans who do their corporate master's bidding to one degree or another.
 
government breaks and bankrupts everything it touches, yet you pinhead retard economists want to use it to control the marketplace. What are you trying to do? create a permanent depression?
 
midcan5 said:
....

" Only government can enforce integrity and transparency in the marketplace; self-regulation is a failure.

Only government can take necessary steps to overcome market failures, such as negative externalities or monopoly power.

Only government can act to preserve certain core values in the market, such as prohibitions on discrimination...."
Click to expand...

This doesn't advocate socialism, as you lib-tards strives for. It defines a regulated capitalism, as advocated by conservatives.
 
SmarterThanYou said:
government breaks and bankrupts everything it touches, yet you pinhead retard economists want to use it to control the marketplace. What are you trying to do? create a permanent depression?
Click to expand...

What?

The government is good for some things, not so good for others. Democracy is a good and unbeaten but not perfect system for managing this.
 
ZappasGuitar said:
We broke the moon? Is it going to spinning off into the cosmos like in that old TV show "Space 1999"?
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I don't know Zappapatootie...

"Is it going to spinning off into the cosmos"?

Slow down. I know when you're going downhill it's hard to put on the brakes with that much body momentum and your big mouth on a roll.
 
Southern Man said:
This doesn't advocate socialism, as you lib-tards strives for. It defines a regulated capitalism, as advocated by conservatives.
Click to expand...
The trifecta in the Apocalypse stakes have now been had, in less than 3 days I have agreed with Dano, Dixie and now Southernman. Please place your seatbacks to their full upright position, close your tray tables, your seat cushions can be used as a floatation device. Please lean forward placing your head on a pillow at your knees and wrap your arms around your thighs. This will all be over in a moment.
 
Socrtease said:
The trifecta in the Apocalypse stakes have now been had, in less than 3 days I have agreed with Dano, Dixie and now Southernman. Please place your seatbacks to their full upright position, close your tray tables, your seat cushions can be used as a floatation device. Please lean forward placing your head on a pillow at your knees and wrap your arms around your thighs. This will all be over in a moment.
Click to expand...
This reminds me of the bomb raid drills that we used to do in elementary school: put your chair in the hallway against the wall, put your head down and between your legs, and kiss your ass goodbye...
 
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