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Reply #55


Response to LooseWilly (Reply #53)

Fri Dec 30, 2011, 10:20 AM

55. I mostly mean the policy makers.

Corporations exist to make money. As long as they are playing within the rules our government has set up, I find it hard to blame them for most of the things they do.

The rules should be changed.

President Obama was recently criticized for saying something to the effect that what Wall Street did was not against the law. But he was mostly right.

The laws need to be changed. The trade policies need to be changed. The U.S. needs to implement at least some rudimentary level of industrial planning. We need to rethink the wisdom of free trade agreements with third-world nations.

The Soviet Union had terrible results from the use of a planned economy. Centralized planning was used to determine everything - all the way down to how much toilet paper would be produced. But just because that was an absolute disaster it does not follow that the best thing to do is to have no national industrial planning at all. But that's pretty much what we have in this country - a libertarian free-for-all.

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