Oppose Redistribution; Communism and Socialism

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Orwell
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09 Sep 2010, 8:49 pm

mcg wrote:
Orwell wrote:
In part, perhaps. There have been plenty of economic problems in times with little or no government involvement as well, so it really seems unreasonable to posit that government is the source of all economic ills.

Do you have a specific example? It seems to me that the government has always been involved with the economy.

The early US under the Articles of Confederation had loads of economic problems in the absence of a government that would have been powerful enough to do serious damage. Under the stronger federal system established in the Constitution, the economy stabilized and began to grow. In the mid to late 19th century, with virtually no regulation, the early industrial economy was extremely turbulent, with deep depressions occurring quite frequently.

I won't bother citing the 1920s, as you will of course blame the Great Depression on the Federal Reserve and refuse to listen to any other explanation, regardless of what facts I cite.

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Can you just give me a specific example of a field were workers are (on average) being paid less than the marginal product they produce? I suspect that the government has somehow tampered with the capital or factor markets in such a case, but we can discuss it more if you give a specific example.

Just read this. http://en.wikipedia.org/wiki/Monopsonistic_competition


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iamnotaparakeet
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09 Sep 2010, 11:16 pm

Even the lameness which is Rasmussen College at least taught, in its microeconomics course, that there is no such thing as perfect competition. There is always asymmetry in share of market, in information distribution, in everything economic. The ideal market concepts are just thought-experiments to attempt to demonstrate economic principles without the insuperable complexity of the actual systems.