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The limited liability corporation is needed to increase capital investment, patent protection is needed and property rights must be protected. Most of the other things government does is a hindrance to capitalism.
In 1914 we had less than one third of current population. We didn't have swarms of lawyers and 'patent trolls' yet we had a per capita patent rate not much less than today.
And you make my point. Even under "repressive" government, innovation is at least equal to your supposed "golden age". Get the math?
I'm sorry that you are sorry. However, note that being sorry doesn't constitute an argument.
At a certain point, the decision by someone you disagree with to completely and utterly ignore reality constitutes a reason to no longer engage them in discussion.
you can't argue with someone that far from the reality that everyone else is experiencing. I believe that trying to convince people that we have LESS innovation now, then we did in the 1900's or so meets that.
You were even presented with actual factual data, and somehow think that the MASSIVE disparity in patents makes...you right
Why should I even try at that point? Most people can look around, and SEE how wrong you are. Its not that hard.
The question should be, 'How much capitalism does government need?' because government relies upon the taxation of profit to fund itself.
If government were smart, it would reduce regulation that strangles capitalism and thereby raise more revenue for itself from taxes on increased profits.
You have to consider both sides of the argument. many regulations are put into play because people died.
Why do we continue to lag behind European nations when it comes to the approval of drugs? We have been lagging behind for over half a century now. At the cost of hundreds of thousands of American lives.
From my link:
Quote:
The FDA’s approval process can take up to… 18 years. For people desperately fighting fatal illnesses, such long waits are death sentences.
Making things worse, the FDA’s review process is so expensive that,according to Yevgeniy Feyman of the Manhattan Institute: “The typical drug approval costs between $1.2 and $1.3 billion.”
According to Reason magazine’s Bailey, many drugs that could save lives are never introduced because of this cost.
In 2000, economist Daniel B. Klein of the Independent Institute wrote: “Because the FDA process is so expensive, so protracted, and so uncertain, thousands of untold drugs are never discovered or developed. It is impossible to estimate the suffering and death caused, but surely it greatly exceeds 50,000 premature deaths annually.”
The question should be, 'How much capitalism does government need?' because government relies upon the taxation of profit to fund itself.
If government were smart, it would reduce regulation that strangles capitalism and thereby raise more revenue for itself from taxes on increased profits.
Just sayin'...
But big government is a cancer that eats all its got and goes after what you have left.
We need bare bones government except for the military, the elderly and the massivly disabled.
We need enough government to keep capitalism honest. "Small government" is code for "less oversight for corporate lawbreakers".
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