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Ask yourself why there is less prosperity and more corruption in colonies founded by Spain than England. The answer is Spain sold massive land grants and monopoly rights to a select few colonists. In the absence of relatively free markets corruption runs rampant.
The Spanish colonies were set up as an oligarchy from the start. When they rebelled against Spain, it was the Oligarchy, in place, just wanting more power that comes with independence
Quote:
Originally Posted by whogo
Free markets are a necessary component in order to have a healthy middle class.
A key component of free markets is liberalization of trade.
Yes, government is needed to prevent third parties from being harmed.
What makes you think USA not have any corruption or problems in its history, and right now? We may have higher quality of living, but that is because we had our own struggles to achieve it. We still are not perfect though.
No it doesn't. I want to dump chemicals in a my backyard, which leach into local water tables. How is the free market going to punish me for what I do on my own land?
Quote:
Originally Posted by EddieB.Good
Again... How are you punishing me for what I do on my own land? How are you allowed to regulate what I can do on my private property?
You are confusing free market with free of regulation.
Government can absolutely punish someone for what they do on their own land in a free market - if impact others negatively then there is a roll of government to regulate that activity. Regulations about use, what can build, what can sell, etc as relates to impacting others land use. Many businesses have been fined and forced to clean up their land.
Government also has a roll in common good such as infrastructure and collect taxes to support. Land is sold if don't pay taxes or fines associated with owning the land.
You are proposing any land is its own fiefdom to do whatever the owner wants to do no matter the impact to others. If take it to the extreme, allow the owner to kill anyone that inadvertently trips and falls onto their land - what idiocy.
Free market is an economic system in which prices are determined by unrestricted competition between privately owned businesses.
The Spanish colonies were set up as an oligarchy from the start. When they rebelled against Spain, it was the Oligarchy, in place, just wanting more power that comes with independence
What makes you think USA not have any corruption or problems in its history, and right now? We may have higher quality of living, but that is because we had our own struggles to achieve it. We still are not perfect though.
No it doesn't. I want to dump chemicals in a my backyard, which leach into local water tables. How is the free market going to punish me for what I do on my own land?
Because you are violating others rights but poisoning the water they drink. That you asked the question is all the proof one needs to understand that you don't understand rights and are therefore uninformed. Fighting for rights is how our country was founded and you don't understand them.
If we recognize that the competive forces inherent in a free market system are the best way to check corruption, why then is there an argument for a monopolistic govt run legal/ dispute resolution system?
Nowhere is corruption more obvious/rampant than in the states legal system.
Last edited by Frank DeForrest; 11-29-2019 at 09:12 AM..
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