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To: RightWhale
A lot of people argue "free market! free market! The market will take care of itself!"

Then they decry any and every type of government intervention. Any time the government does anything at all its called "socialism"...

If it were not for political government directive by Washington DC, we would not be doing business with China.

If government can open China, or anywhere else for that matter, then government can also advocate and enforce a balanced and secure trade policy.

31 posted on 08/24/2002 9:48:40 PM PDT by maui_hawaii
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To: maui_hawaii
A lot of people argue "free market! free market! The market will take care of itself!"

From Hieronymous on the Commodity Futures Trading Act of 1974:

"the transactions and prices of commodities on such boards of trade are susceptible to speculation, manipulation, and control, and sudden or unreasonable fluctuations in the price thereof frequently result of such speculation, manipulation, or control, which are detrimental to the producer or the consumer and the persons handling commodities and the producer and byproducts thereof in interstate commerce"

Commodity futures markets look to be the free-est markets there are. And maybe it is so. But it is only extensive regulation by government that makes it so.

Extending this to free markets, only government regulation can guarantee a truely free market. Anarchy leads directly to disaster.

This can be extended to real estate and mining claims. Without laws there is chaos.

35 posted on 08/24/2002 10:02:32 PM PDT by RightWhale
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To: maui_hawaii
America's political system serves the interests of America's economic system, not vice versa. After all, America's political system gets its funding from taxing the economic system. If the economic system dies, the political system dies. Government isn't the end-all goal of America but is there to serve the economic system and create an environment where individual Americans' livelihoods can continue to prosper.
46 posted on 08/26/2002 9:02:15 PM PDT by faulkner
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