Interesting People mailing list archives
Re: The crisis caused by bankers may take us to the edge of bankruptcy (Ireland)
From: David Farber <dave () farber net>
Date: Sun, 26 Oct 2008 21:09:50 -0400
Begin forwarded message: From: Russ Nelson <nelson () crynwr com> Date: October 26, 2008 6:20:20 PM EDT To: "Ed Gerck, Ph.D." <egerck () nma com> Cc: Russ Nelson <nelson () crynwr com>, dave () farber netSubject: Re: [IP] Re: The crisis caused by bankers may take us to the edge of bankruptcy (Ireland)
Ed Gerck, Ph.D. writes:
Russ Nelson wrote:The Corporations have competitors, and their malfeasance is limited bycustomer flight.The States compete with each other, and their malfeasance is limited bycitizen flight. The Federal government has almost no power to tax, and a strictly limited set of powers. Or not.Yes, it's a clear confusion...
I apologize for being less than 100% clear. I do believe that corporations and states malfeasance really ARE dampened by competition and customer / citizen flight. I also believe that Federal government deregulation of this process (by imposing its own inferior regulations, e.g. the SEC) is improper, illegal, unconstitutional, unethical and has no place in America. The alternative to government regulation is not deregulation, or unregulation, but is instead regulation by the choices of a free people. When you see a bad result: ask yourself: is this a failure of customers to regulate corporations? Is it a failure of citizens to regulate states? Or is it the federal government substituting its own regulation for that of customers or citizens? If you think electing Obama, or McCain, or Barr, or Nader, will change things, ask yourself if changing the CEO of a monopoly corporation will change the actions of that corporation. Doesn't matter who runs it -- it's still a monopoly.
Still, the same principles apply. Trust cannot be induced by self-assertions. If I say "trust me" you still have no reason to trust me.
I was watching a Survivor: Guano (or whatever the current one is called) promo, and I saw one contestant tell another one "trust me", and I just said to myself "nooooooooooooo!" ----my blog is at http://blog.russnelson.com | Unregulation is a slippery Crynwr sells support for free software | PGPok | slope to prosperity and
521 Pleasant Valley Rd. | +1 315-323-1241 | freedom. Potsdam, NY 13676-3213 | Sheepdog | ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
Current thread:
- The crisis caused by bankers may take us to the edge of bankruptcy (Ireland) David Farber (Oct 20)
- <Possible follow-ups>
- The crisis caused by bankers may take us to the edge of bankruptcy (Ireland) David Farber (Oct 20)
- Re: The crisis caused by bankers may take us to the edge of bankruptcy (Ireland) David Farber (Oct 21)
- Re: The crisis caused by bankers may take us to the edge of bankruptcy (Ireland) David Farber (Oct 26)