 baineschile2600 ways to livePremium
join:2008-05-10
Sterling Heights, MI | reply to nasadude
Actually, I am as liberal as they come. But when government controls an aspect of life for need as opposed to it being commercially run for profit, that is essentially the definition of socialism. |
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Reviews:
 ·magicjack.com
| said by baineschile:that is essentially the definition of socialism. Stay tuned as Mr. Baine explains to us how we shouldn't have SEC regulation of stock markets; banking regulations; food- and drug-quality laws (producing a level of quality a free market wouldn't); creation of corporate charters (a fictional, yet legal "person") by state legislatures; and zoning laws and building codes (which restrict how any individual may choose to dispose of their property).
We are properly called a society of socialized capitalism. Not absolute capitalism or socialism.
Mark |
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 The LimitPremium
join:2007-09-25
Greensboro, NC
kudos:2 | reply to baineschile
How is it socialist to have SOME regulation on the safety and quality of our products? |
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Reviews:
·magicjack.com
| said by The Limit:How is it socialist to have SOME regulation on the safety and quality of our products? It's not what a "free market" would produce simply by buyers exercising their due diligence, exercising the calculus of their wants/needs?
The premise of food- and drug-quality laws is that it's "for everyone's benefit" or "in the interest of public welfare."
But, those are just socialistic terms (used to justify building codes, zoning laws, the SEC, banking regulations, state creation of corporate charters). In the end they deny willing buyers and sellers from engaging in certain activities which may be beneficial to them -- simply because the needs of the many outweigh their needs.
Socialism is a reality. We enjoy its benefits every day -- if you define socialism by the standards Conservatives usually employ. The same argument could be made that we have capitalism instead of pure socialism. In reality, we have mixture of both: socialized capitalism.
Mark |
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