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- #381
You're an ignoramus. But we all knew that.We could not settle this continent without federal regulation of land tights. The government granted vast tracts of land to the railroads. American trade goods had their prices regulated and protected by tariffs. Anytime there is a contract let between the state and a private contractor, the government is a player in the marketplace.When has the US ever had an economy that was not regulated by government?
And as the government is us, shouldn't we be protected from shabby workmanship and financial fraud? If so, we had better have some regulations.
If the role of the federal government is to be limited to keeping the ports navigable, deliver the mail, protect our rights by way of a rigorous yet fair system of justice, defend the shore, and get out of the way, what manner of society would we have?
Are the lessons learned from labor strife through farm prices collapsing to the off shoring of our middle class opportunities all forgotten or passé?
Capitalism is the best scaffolding upon which to build an economy. But there has to be rules to play by. Otherwise, we see casino Capiralism. I submit that any corporation or individual playing the commodities market be require to be able to take immediate possession of the commodity they trade in. Of course, the commodities market sets prices world wide. As we are the final consumers, or buyers, why would we tolerate an artificially high price simply because some data and/or paper exchanged hands, not the physical barrels of oil or tankers full of molasses.
In fact land rghts were a very contentious issue into the 19th century.
But it is downright funny seeing the libs say stuff like "gov't regulates weights and measures so we will never have unfettered capitalism."
It is a reductio ad absurdum fallacy.