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To: Borges

Who's going to be the one to "watch over" the capitalist system? The government? Saying that capitalist corporations are vulnerable to corruption and hunger for power while governments are not is not only hypocritical, but completely false. Just look at history. Some capitalists have certainly done bad things, but governments have done far worse. Every genocide in history was perpretrated by governments, not corporations. Capitalism is not perfect, but it's the best system that's available.

Pure free-market capitalism is like leaving the henhouse unguarded. Having the government "watch over" markets is like having the fox "watch over" the henhouse.


307 posted on 05/17/2005 6:28:29 PM PDT by JillValentine
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To: JillValentine
Did I suggest we adopt some other system or that there is a better one? I never said goverments are pure and untouched by corruption simply that they play a useful role with sensible regulation. Anti-Trust laws were drafted not too long after the rise of corporate template in the post Civil War Era. An attempt at pure capitalism gave us Robber Barons and the Depression. There is no utopia capitalism included.
309 posted on 05/17/2005 6:51:50 PM PDT by Borges
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