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Keynes VS Hayek


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energy companies are granted government enforced monopolies

Can you extend on that?

 

Can you chose who you buy electricity from? I can't. We have a government council that works with my power company to set the rates of the company I HAVE to buy the electricity from. Assuming I want to but electricity that is.

Most houses are attached to certain power lines, I don't that that has anything to do with the government...

 

Can you show me the direct law that forces the companies to work with the government to set rates?

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energy companies are granted government enforced monopolies

Can you extend on that?

 

Can you chose who you buy electricity from? I can't. We have a government council that works with my power company to set the rates of the company I HAVE to buy the electricity from. Assuming I want to but electricity that is.

Most houses are attached to certain power lines, I don't that that has anything to do with the government...

 

Can you show me the direct law that forces the companies to work with the government to set rates?

 

 

http://www.oregon.gov/PUC/consumer/rates.shtml

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energy companies are granted government enforced monopolies

Can you extend on that?

 

Can you chose who you buy electricity from? I can't. We have a government council that works with my power company to set the rates of the company I HAVE to buy the electricity from. Assuming I want to but electricity that is.

Most houses are attached to certain power lines, I don't that that has anything to do with the government...

 

Can you show me the direct law that forces the companies to work with the government to set rates?

 

 

http://www.oregon.gov/PUC/consumer/rates.shtml

Can you explain to me again how that is bad?

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Can you explain to me again how that is bad?

 

It was you complaining. But competition would actually lower the price.

Let me get this straight...

 

Corporations WANT the government to restrict their profit?

 

And if that was removed they would lower prices?

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Can you explain to me again how that is bad?

 

It was you complaining. But competition would actually lower the price.

Let me get this straight...

 

Corporations WANT the government to restrict their profit?

 

And if that was removed they would lower prices?

 

You are confusing what free market advocates want with what corporations want. Of course corporations don't want free markets, they want to skew the markets to their own advantage. Free markets help consumers, not companies.

Edited by csgators
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Can you explain to me again how that is bad?

 

It was you complaining. But competition would actually lower the price.

Let me get this straight...

 

Corporations WANT the government to restrict their profit?

 

And if that was removed they would lower prices?

 

You are confusing what free market advocates want with what corporations want. Of course corporations don't want free markets, they want to skew the markets to their own advantage. Free markets help consumers, not companies.

So if all regulations were removed completely, what is stopping large banks from taking huge risks and crashing the economy?

 

What will stop medical companies from selling bad drugs?

 

What will stop food companies from selling unsafe food?

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So if all regulations were removed completely, what is stopping large banks from taking huge risks and crashing the economy?

 

What will stop medical companies from selling bad drugs?

 

What will stop food companies from selling unsafe food?

 

I am not advocating the complete removal of ALL regulation but the short answer is....consumers. Do you like to buy bad drugs and dangerous foods? If banks crashed and lost a lot of people money do you not think people would be more careful with where they put their money? The government attempts to remove the risk and that removes the consumers duty to pay attention to where they spend/invest their money. Babying people only leads to ignorance and apathy.

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So if all regulations were removed completely, what is stopping large banks from taking huge risks and crashing the economy?

 

What will stop medical companies from selling bad drugs?

 

What will stop food companies from selling unsafe food?

 

I am not advocating the complete removal of ALL regulation but the short answer is....consumers. Do you like to buy bad drugs and dangerous foods? If banks crashed and lost a lot of people money do you not think people would be more careful with where they put their money? The government attempts to remove the risk and that removes the consumers duty to pay attention to where they spend/invest their money. Babying people only leads to ignorance and apathy.

Most people will beleive what they are told, history has shown that.

 

Over time consumers pretty much get brainwashed.

 

Trusting the well being of the world and the human race on such a group is not the brightest idea.

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I would also point out that the banks DID crash, and a boatload of folks lost some huge piles of money. Who was hit the hardest? The average Joe. The rich guys at the banks that caused all the trouble got government bailouts. And that was with some regulation in place.

 

Ideally, the banks that crashed would have been left to their own devices. Yeah, the economic fallout from that decision would have been worse initially, but, then we would have seen some REAL change in the system, and not the half-hearted attempts at 'regulating' wall street. What is the point of risk avoidance, if you know the government will bail you out when you screw up?

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