Subject:
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Re: Rolling Blackouts
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 17 May 2001 07:37:17 GMT
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Viewed:
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739 times
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In lugnet.off-topic.debate, James Simpson writes:
> In lugnet.off-topic.debate, Scott Arthur writes:
>
> > > > The LMF(1) answer is that migratory birds ought to have owners, and those
> > > > owners ought to go after the tower companies to demand satisfaction. But
> > > > even I would tend to say that answer is, well, somewhat *less* than
> > > > practical at this point.
> > >
> > > LMF(1) isn't a reasonable idea, for one thing.
> >
> > Indeed, but that is libertarianism for you! One of the bigger criticisms of
> > the globalisation is the impact it has on the global environment. I have not
> > seen an argument which even suggests to me that the libertarian model would
> > be any better. Sure, people say that the morals of "the market" will demand
> > high environmental standards. Right now market morals demand prostitution,
> > child prostitution and paedophilia! Just as with these issues, I feel that
> > legislation is the answer where the environment is concerned.
>
> A problem that I have with allowing "market morals" to uphold standards is that
> one only has to look at what unregulated industry has wrought at every
> opportunity that its been given. IMO, free market (im)morals produce the kinds
> of unregulated robber-baron piracy so intimately associated with the rise of
> large-scale industry. 19th century industrialists basically operated in an
> unregulated market environment: very little regulation, very little govt.
> oversight, and much graft. When profit-driven industries (i.e., corporations)
> are allowed to operate with basically self-regulating oversight, then you can
> bet that the only interests served are those of the stockholders...not
> consumers, not their workers, and not the environment. It seems to me that the
> 19th century was an exercise of "market morals" economics.
I understand what you are saying. But the 19th century was not all that much
better... it was just less organised. Remember, back then we had free market
gems such as child labour and slavery.
Scott A
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> james
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>
>
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> During the 19th and early 20th century, American industries were allowed to
> develop in a very free and unregulated manner. Government regulations, safety
> standards, and labor laws were loose, and often robber-baron capitalists and
> government were bedfellows (hence the powerful growth of the
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Message is in Reply To:
 | | Re: Rolling Blackouts
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| (...) A problem that I have with allowing "market morals" to uphold standards is that one only has to look at what unregulated industry has wrought at every opportunity that its been given. IMO, free market (im)morals produce the kinds of (...) (24 years ago, 16-May-01, to lugnet.off-topic.debate)
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