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1 edit | reply to Jafo232
Re: Apples to Oranges... said by Jafo232:If we just let them go bankrupt, it might foster a thriftier corporate environment out there. Sure. And if we didn't have the SEC, everyone would have to face the "true" consequences of their choices (caveat emptor, and their own responsibility for due diligence).
The same could be said of food- and drug-quality laws. And, environmental protection. And state-creation of corporate entities. And building codes and zoning laws.
These all produce outcomes that a free market wouldn't. Causing (good and bad) behaviors that wouldn't otherwise occur.
It's just a reality that we have these socialized markets. Nobody is calling for their dissolution. So, referring to "if" (as if it's realistically possible) is just a Libertarian sleight of hand.
Mark |
