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View Diary: End frustration & actually change the political landscape: concrete proposal re ALEC & the Koch bros (40 comments)

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  •  Markets require "informed" consumers to work (6+ / 0-)

    We get told repeatedly by the right that markets work while government doesn't.  Well, seems the market driven guys like Koch don't want you to know much; just buy much.  No regulation other than the informed consumer, they argue, is the best approach.  In this case Richard, you are just informing us and we're just choosing not to buy products that put money into the pockets of those who want nothing from us but our money and our labor, at the highest price for the products we buy and the lowest price for the product (our labor) we sell.  No safety net, they say, makes us more willing to work and work for less (Right to Work "for less).  So this is simply taking the standards and values they assert are best (the Market) and adding the key ingredient of information so the consumer can choose what they want.  And WE want to put ALEC and the Koch's and their ilk out of the business of bilking the public, buying the politicians and abusing their workers.  Simple really, and thanks so much for what you help us do.  And thanks to Kos for giving you a subscription!

    America needs a UNION NEWS channel. We (unions) have the money, we have the talent. Don't buy 30 second time slots on corporate media, union leaders; fund your own cable news channel and tell the real story 24/7/365

    by monkeybrainpolitics on Wed Dec 12, 2012 at 10:34:44 PM PST

    •  Interesting idea you bring up. (3+ / 0-)
      Recommended by:
      CroneWit, potatohead, SilentBrook

      Don't most economists say all participants need perfect information to make markets work?

      "...on the (catch a) human network. Cisco."

      by hoplite9 on Thu Dec 13, 2012 at 01:49:30 AM PST

      [ Parent ]

      •  Yep. That's why insider trading is outlawed (1+ / 0-)
        Recommended by:
        hoplite9

        It gives an information advantage and, most economists argue, distorts the market (or destroys the market, depending on the economist).  Supposedly the more rational investor is the one most attuned to the information, or who has the best means to analyze the information and take action on it.  Key is making sure that everyone has access to the same information at the same time.  However, behavioral finance and evolutionary economics dispute the equal information-perfect market-rational investor relationship.  Certainly history and factual analysis of actual markets show many purchases and investments are made not based on information, per se.  People buy either stocks or products based on trends or fads, fear and greed, "tips" and/or following what somebody who seems successful or knowledgeable is doing.  There are fashions in investing like there are fashions on the catwalk, and they seem to change for the same reason in both places (and that reason would be?--fashions change because fashions change).

        America needs a UNION NEWS channel. We (unions) have the money, we have the talent. Don't buy 30 second time slots on corporate media, union leaders; fund your own cable news channel and tell the real story 24/7/365

        by monkeybrainpolitics on Thu Dec 13, 2012 at 01:44:39 PM PST

        [ Parent ]

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