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More on the negative consequences of monopolistic pricing
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there is certainly a common domain where overlapping interests need to be arbitrated. as you often point out, all of mankind's problems are not amenable to the open auction market. (however, a whole lot of them are if we use the full ingenuity of the market place ,ie, pollution credits etc, et al.) the honest difference in opinion among participants in this thread is as to where and how far the overlap exists. my caution is best expressed by the railroad economist, arthur hadley's warning about "...taking refuge from the excesses of democracy in an enlightened despotism." <br /> <br />many of the writers to this post point to the failure of past and current legislative efforts to have solved the problems we deal with here, yet they ask for more government regulation to cope with the future. when do we decide that the arbitrary and potentially corrupt tools of the regulators should be limited rather than expanded? when will folks admit that "big business" is a relative term for most of the spectrum. a man with a 100 acres of puddled farm envies the big farm wealth of the 500 acre tiled spread down the road. they both feel that something needs to be done about the 5000 acre orange grove owned by an italian millionare. he feels that ted turner has to much range land.... and every body wants the government to do something about it. it is the politics of envy.... <br />beggar thy neighbor. <br />my grandfather was a poor man, his friends were poor men, yet he always cheered for the successful in our community because he claimed that in his whole life he was never hired by anyone other than a guy with money in his pocket. <br />i apologize for the diatribe, but this thread is full of well meaning comments which would severely limit economic freedom of choice and will, when their turn comes again, stiffle the engine of wealth creation which has so benefited us all over the last twenty five year cycle of regulation/deregulation. <br />amen.
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