Re: Sure, that works so long as all costs are real - Saab General Bulletin Board - Saabnet.com
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Re: Sure, that works so long as all costs are real
Posted by Jim (more from Jim) on Thu, 21 Oct 2004 22:26:40
In Reply to: Sure, that works so long as all costs are real, nt moore, Thu, 21 Oct 2004 15:22:13
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There is no such thing as Capitalism being too efficient. The Capitalist free market place is nothing more than a price discovery and labor allocation mechanism. Without the Capitalist market place, the omnipotent socialist managers wouldn't even know the relative value of anything. How exactly do you decide whether it is more important to avoid cancer, avoid polluting local acquifer or to have food or to have heating?? Socialist experiements of the 20th century seemed to indicate that you will get cancer, water/air pollution, and no food or heat to show for the sacrifice, as in communist Soviet Union and China before the 1980's. There is no pure logical argument that a statist can present that would justify the banning of dangerous and pulluting industries and justify the presence of automobiles at the same time. The fine line has to be discovered by the market place: as people's living standards improve, they refuse to go down mine shafts and they shift to safer modes of transportation. Government regulation only gets in the way of such improvements of human conditions; e.g. heavy gasoline tax keeping people on motorcycles / in tin-can cars when they should be in vehicles with much more cumple zones. So called "market externality" is nothing but a figment of imagination (and an excuse for statist to exact their cut of the economic pie by meddling and profiteering for themselves). By the time the slow moving government discovers any "externality," it would have long been internalized into the market in the form of real estate value etc.
posted by 66.30.12...
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