You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #12: Good job!! On free markets [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Larkspur Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-25-08 03:17 PM
Response to Original message
12. Good job!! On free markets
Thom Hartman has it right -- there is no such thing as "free market". Markets are created by government. That's the line Hartmann uses with Liebertarians and "free market" evangelists.

I'm a basketball fan and use basketball in my disccussion of "free market". Lots of people like basketball, but its regulated basketball that makes the big $$. The NCAA for colleges governs the regulations for basketball at the college level. Not sure what is the high school and elementary school regulatory bodies. But I stick with the NCAA. I use the basketball court in my discussion of "free market" versus "regulated market". The NCAA sets the standards for the size of the basketball court that is to be used in games for teams who are members of the NCAA. Each school has to meet those standards or they are penalized. The NCAA also sets the rules of school, coaches, and player conduct and ascribes appropriate punishment for transgressions. Within those rules, coaches and players can freely create strategies and plays to win the game and entertain the audience. That's what "regulated market" is.

A "free market" is one where the largest schools set the standards and rules, rules that favor them over their opponents, especially smaller schools. The standards and rules are constantly modified by large schools so that smaller schools can not defeat them or decrease the chances of defeating larger schools but the large schools promote a propaganda campaign to delude the smaller schools and indpendent basketball fans think that small schools have a shot at defeating them.

Now some will say that the NCAA is more like my "free market" model. That may be true in some instances but I still think the NCAA rules apply equally to every member.

If my basketball scenario is not useful, then in a brief sense, "free market" = Corporate Feudalism. Global corporate feudalism is economic model that multi-national corporations want to promote.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC