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View Diary: Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived? (154 comments)

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  •  It is paradoxical yet totally true (9+ / 0-)

    that anything that can truly be described as a "free market" exists only in the presence of a robust regulatory framework....

    Visit Lacking All Conviction, your patch of grey on those too-sunny days.

    by eataTREE on Wed Feb 06, 2013 at 06:59:05 AM PST

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    •  Nature isn't "free" (5+ / 0-)

      Why should anything else be? I wish we just killed the term entirely as being pretty much meaningless. There are no well-functioning man-made systems that don't have rules and regulation. Political systems, sports, blogs, financial and commercial markets--they all need supervision to work well.

      Even "reality" shows need manipulation to appear "real".

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Wed Feb 06, 2013 at 07:29:46 AM PST

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      •  Big business has never wanted (10+ / 0-)

        anything of the sort anyway. They have consistently agitated for governments at all levels to tilt markets towards their advantage.

        The only time you ever hear them talk of "the principle of the free market" is when someone proposes to level those markets to make them more equitable for consumers.

        "Free markets" may be conservatism's single greatest crock of shit. And that's a high bar to clear.

        Visit Lacking All Conviction, your patch of grey on those too-sunny days.

        by eataTREE on Wed Feb 06, 2013 at 07:33:25 AM PST

        [ Parent ]

        •  An actually free market is sort of like (5+ / 0-)

          distilled water. Extremely unstable and corrosive, and ultimately unsustainable as it turns into something else. Markets have always been both regulated, and hopped on existing infrastructure without which they could not exist. Properly regulated and used they are beneficial to society and play an essential part of it, including the ongoing financing of its infrastructure. Improperly regulated and used, well, we all know how that's worked out.

          I feel sorry for the fools who actually believe in a truly unregulated "free market". They are stupid and should not be taken seriously. As for those who pretend to believe in this fiction for personal gain, I have no pity for them. They are dangerous parasites who themselves need regulation.

          "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

          by kovie on Wed Feb 06, 2013 at 08:57:48 AM PST

          [ Parent ]

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