Edited from my 3/2 Facebook post
I was trained in econ, finance and business, and I lean towards economic conservatism. However: if there were no government regulation, we’d have to take every burglar to court for redress, every fraudulent business, every adulterated or dangerously mislabeled meds manufacturer, every cheat, crook and swindler … the courts would be swamped, but only with claimants able to pay for the mushrooming army of litigating attorneys.
The system we have now needs reform, but it’s still cheaper, more impartially administered, and accessible. Everybody supports the government, but few can afford redress through the courts every time we’re wronged or harmed. Think about that for a while.
I don’t understand how political “conservatives” rant and rail against “repressive government over-regulation” of corporations and businesses, as if you can’t just go and dig up the Grand Canyon looking for uranium and minerals, or manufacture a drug that kills people, — yet they press for more and more regulation controlling how you and I can pray, marry, make love, read a book, go to the movies, or vote.
Meanwhile, the 1% get richer, and the rest of us get poorer. I can certainly understand why the Swedes and Norwegians love their robust, healthy, happy “socialist” economies. I can understand how they’re happy with the economic, social and standard of health and living conditions for all. We can certainly understand how barbaric early laws sanctioned between business and worker gave rise to experiments with socialism. They became popular, and we’re starting to live in those desperate times too..
I could successfully argue that the capitalist system of economics could work better, but we don’t have that now, and really never did. The notion that you and I need to live under one enforced system of common laws proscribing violations of the rights of others, but that businesses don’t, is truly insane.
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