[quote]tg2hbk4488 wrote:
orion wrote:
tg2hbk4488 wrote:
orion wrote:
tg2hbk4488 wrote:
That is what I am saying!! unchecked greed is greed. Thank you for agreein with my point. Besides simply looking at the word “greed” and saying “Ohh. he didnt put unchecked in front of it. hes wrong.” You need to read the context of what I wrote.
Your idea of greed is my idea of self-interest. And your idea of unchecked greed is my idea of greed
On the matter of poluttion, this is one of the things I mentioned with public goods earlier in the thread. The govt is there to take care of pollution because it a problem that no person is willing to pay for so the govt must pay for it for us. This is one of the things the rest of you said was unneccessary (till now)
Read my comments and fully understand them before cutting them down.
I still disagree with some of your arguments.
There are for examples no externalities when it comes to tainted food or risky drugs and yet the government regulates this.
The same is true for work safety.
If the government would not regulate these areas, businesses would have to insure against the risk and insurance companies would very likely do a much better job at supervising them because they can do things that a government agency must not be allowed to do.
If there has to be coercion, mandatory insurances are all that is required.
Need I educate you on working conditions during the Industrial Rwvolution? Child labor? Horrible working conditions?
As far as tainted food, read “The Jungle” by Upton St. Clair and you will see my agruement (this book also touches upon working conditions as well)
All throught history industry has not been self-regulating when it comes to product qualitity and worker safety…why would it magicallz start now?
Need I remind you that capitalism could not possibly have caused the working conditions during the Industrial Revolution since those were the people it encountered when it started?
So, these poor masses where the product of feudalism, not capitalism, and capitalism and the enormous rise in productivity made those working conditions obsolete in mere decades, while the population doubled yet again.
And it should be noticed that those people poured into the cities to work under the exact same conditions you find so appalling, so maybe the preferred them to their alternatives.
Meaning, those conditions where an improvement for them.
Fuedalism in colonial America? I dont think so. I will agree that fuedalism existed in Britian prior to the Industrial Revolution, but you can not possibly try to place blame on treatment of workers on fuedalism, when fuedalsim didnt exist in pre-Industrial America[/quote]
But you cab blame capitalim not knoeing what caused the poverty?