[Vision2020] Buildings old and new + taxes
DonaldH675 at aol.com
DonaldH675 at aol.com
Mon Apr 11 11:30:43 PDT 2005
Jeff writes:
>Markets run best when demand is the driving force for the operation of the
market. An unfettered demand (that invisible hand) will allocate goods and
services to their appropriate values. For those that fear the appearance of
"new" box stores, they should put their fears at rest. If the box store is
serving the needs of the market, it will survive. If it doesn't serve
>the interests of the consumer, it won't. Even in Moscow, we have had the
box stores come and go - Ernst, K-Mart, Lamont's, "big" style Sears, even
Tidyman's.
I think Jeff and many other economists, accountants, business advocates keep
forgetting to remind the rest of us that Adam Smith's original definition of
a "free market" included two precedent conditions that big box stores almost
never meet--that the government, through appropriate regulation provided:
1. A level playing field for businesses of all sizes
and
2. Monopoly and oligopoly regulation that provided enough competition to
ensure that the consumer had enough clout by choosing where to spend his money
to influence the pricing power of that business. Specifically he decried
monopoly and oligopoly power as being detrimental to free markets.
He specifically advocated government regulations to ensure that large
businesses did not achieve "pricing power" i.e. the ability to ignore the effects
of consumers and set prices at whatever the market would bear.
In my opinion we are about as far from a free market here in the U.S. as we
can get and still legitimately call ourselves a free market. Most regulations
which ensured a closer adherence to that ideal have been gutted in the last
few decades to the level where they are almost totally ineffective in checking
the excesses of large corporations. The close tie between corporate PAC's
and our legislatures have corrupted the system even further.
The solution to the situation is so complex and so intertwined with our
national identity that it may never be fixed but I remain hopeful that
rationality and pragmatism will eventually re tilt the scale in the other direction.
One cannot level one's moral lance at every evil in the universe. There are
just too many of them. But you can do something, and the difference between
doing something and doing nothing is everything." Daniel Berrigan
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