whoknows wrote:OAKLEY_2 wrote:whoknows wrote:
Government regulations are playing favourites (at our expense) against the natural free market of supply and demand (which wins all the time).
Raw resources prices are setup by the global market of supply and demand.
How do you protect Canadian jobs by creating monopoly in say telecommunication industry? Does the local repair technician care what name is on his truck?
Because the regular Canadian sure would love to pay 1/2 the CRTC inflated prices for data, in line to what Americans pay (for no limit plans).
Calling horseshoe on your post. Markets are neither "free" nor are they "natural". Market manipulation, monopoly, duolopoly, price fixing, currency rigging happen all the time. The reason lobbyists get paid is in the attempt to feather the nests of their clients to continue to have positions of advantage by bribe or whatever means to dominate and manipulate markets. If you believe markets are actually free you are substituting feel-good economic theory for facts. Don''t believe all these mantra talking points as fact. Do your economic homework. Being upset about the cost of cable or cell plans is a legitimate consumer grievance but be very careful not to adopt the master solution to all problems from the Fox that runs the hen house.
true, but you miss the point:
"fox that runs the hen house" is corrupt government/politicians, hence you prove my point.
Less government interference, better off (closer to "free market") we are.
Supply and demand laws of the market will always win, although sometimes delayed by government intervention.
No, the fox running the hen house is business interests. Otherwise it would be hens running the hen house.
When there's no government oversight, it doesn't result in perfect competition. It results in trusts and monopolies. It results in JD Rockefeller shutting down his competition with credible threats and secret deals with railroad companies. The first company past the post can easily buy out all their competitors, buy up all the infastructure, and then charge whatever the hell they want for bad products. State intervention in the economy is ESSENTIAL to prevent this, as well as to protect consumers and adjudicate theft.
https://en.wikipedia.org/wiki/United_States_antitrust_lawTrue, a big problem in the US right now is corporate lobbying of the government, but tellingly the most common lobbying is to get the government to NOT act. Republicans and Democrats take millions in lobbying to make sure the government is as ineffective as it can be, and shut it down if possible. Don't enact gun control so arms manufacturers make more money. Don't fund the Post Office so FedEx makes more money. Don't enact healthcare reform, or reform it in ways that are as insurer-friendly as possible, so pharmaceutical and insurance companies make more money.
Also Venezuela faces food shortages largely because of sanctions from countries like the US and Canada, and from doing whatever the IMF wants while their international credit is held hostage. But that's another can of worms
http://www.globalization101.org/why-is-the-imf-controversial/