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On Wed, Apr 22, 2009 at 09:59:10PM +0900, Eleanor McHugh wrote:
> On 19 Apr 2009, at 09:29, Chad Perrin wrote:
> >An HMO wouldn't exist in a free market, because "free market" =20
> >implies the
> >necessary absence of governmental intervention causing the existence =20
> >of a
> >corporation to be possible.  Corporations are, by definition, legal
> >"persons" -- something that sure as shit doesn't exist without someone
> >with a bunch of guns going around making sure everybody plays along.
> >That doesn't sound very "free" to me.
>=20
> The whole point of Joint Stock Companies in the first place was to =20
> create and maintain legal trade monopolies, and as we see at every =20
> turn any market system which places undue reliance upon them as the =20
> foundation of a "free" market becomes heavily distorted. However even =20
> large corporations are bounded by the laws of thermodynamics and will =20
> eventually fail, which of course is what a bubble crash such as the =20
> current one is supposed to achieve. Unfortunately governments insist =20
> on bailing out failing corporations when they're sufficiently =20
> politically influential and that exacerbates matters in the long term: =
=20
> just look at the disastrous history of nationalised industries in the =20
> UK...

=2E . . or Venezuela, the Middle East, et cetera.

--=20
Chad Perrin [ original content licensed OWL: http://owl.apotheon.org ]
Quoth Scott McNealy: "Microsoft is now talking about the digital nervous
system.  I guess I would be nervous if my system was built on their
technology too."

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On Wed, Apr 22, 2009 at 09:59:10PM +0900, Eleanor McHugh wrote:
> On 19 Apr 2009, at 09:29, Chad Perrin wrote:
> >An HMO wouldn't exist in a free market, because "free market" =20
> >implies the
> >necessary absence of governmental intervention causing the existence =20
> >of a
> >corporation to be possible.  Corporations are, by definition, legal
> >"persons" -- something that sure as shit doesn't exist without someone
> >with a bunch of guns going around making sure everybody plays along.
> >That doesn't sound very "free" to me.
>=20
> The whole point of Joint Stock Companies in the first place was to =20
> create and maintain legal trade monopolies, and as we see at every =20
> turn any market system which places undue reliance upon them as the =20
> foundation of a "free" market becomes heavily distorted. However even =20
> large corporations are bounded by the laws of thermodynamics and will =20
> eventually fail, which of course is what a bubble crash such as the =20
> current one is supposed to achieve. Unfortunately governments insist =20
> on bailing out failing corporations when they're sufficiently =20
> politically influential and that exacerbates matters in the long term: =
=20
> just look at the disastrous history of nationalised industries in the =20
> UK...

=2E . . or Venezuela, the Middle East, et cetera.

--=20
Chad Perrin [ original content licensed OWL: http://owl.apotheon.org ]
Quoth Scott McNealy: "Microsoft is now talking about the digital nervous
system.  I guess I would be nervous if my system was built on their
technology too."
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