Friday, August 21, 2009

Markets and Government

Another voice expressing some ideas I agree with regarding the appropriate role of government in market economics. As the author makes clear, government is an essential component to having a market economy. Given the necessary role government plays in the market it is not unreasonable that government intervenes in the market. In fact the discussion of government intervention in the market is curiously one-sided. Conservatives who express objections to government intervention display a clear pattern to those objections. Government actions which clearly intervene in the market, such as enforcement of contracts, copyright protections and the rest, and which provide a material benefit to the the conservative, raise no objection from the conservative. The only objections expressed are those interventions which require the conservative to do something in recompense for the services which provide a benefit. This is not any sort of noble principal.

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