I think we must have different definitions of "laissez faire," because I
haven't seen that kind of philosophy (as I understand it) being espoused
anywhere in US government since I've been old enough to follow politics.
When I hear "laissez faire," I think "no government regulation over any
facet of the economy."

In reality, there is a continuum from laissez faire to Marxism. And the RC
viewpoint means finding the excluded middle. But railing against laissez
faire in our current government is a strawman. What I think you are saying
is that you think there should be more regulation than we currently have in
some parts of the economy. But unless we can identify which parts of the
economy need more regulation, and what regulation it is that we need, then
it's just dogma.

Personally, I see more areas of the economy that need less regulation than
more. For instance, health care, which could benefit from some actual
competition.

-Kevin

On Wed, Jan 6, 2010 at 11:54 AM, <[email protected]> wrote:

>  Ernie :
> The problem, IMHO, is a flawed theory that won't go away,
> laissez faire economics. While it is impossible for me to be a Democrat
> because of the party's social issues positions ( most of which are Satanic
> ),
> I can never be a Republican because the GOP is the party of
> *insane* economic views.
>
> Why have business leaders called the shots for 30 years ?
> The undeserved popularity of laissez faire theory.
> The current recession has had a sobering-up effect
> and it has again become possible  to see the structural
> problems in unregulated Capitalism.
>
> Dammit. When will they learn ?  You can't have a football game
> without rules and referees.  And if you want a good football game
> you had better have good rules and good referees.
>
> It is, when all is said, that simple.
>
> Billy
>
> ===========================================
>
>
>
> In a message dated 1/6/2010 10:04:27 A.M. Pacific Standard Time,
> [email protected] writes:
>
> I may not like this trend, but I suspect they are correct that there will
> be more opportunities to make an impact on society (and the economy) via
> politics than entrepreneurship, as least relative to the last three decades.
>
> As a Radical Centrist, I am fascinated by such cyclical pendulum swings, as
> (like Newton before me :-) they seem to hint at some larger underlying
> dynamic:
>
>
> http://current.com/items/90598372_genius-one-percent-inspiration-99-percent-grit.htm
>
> If we could figure out the higher-order mechanic that makes the pendulum
> swing back and forth, perhaps we could escape both the cycles and partisan
> bickering between socialism and capitalism.
> Hey, one can dream...
>
> -- Ernie P.
>
>
> http://bit.ly/7KbWwS
>
> In Pareto’s view, power rotates among different groups of elites.
> Overlooked in recent years, Pareto’s “circulation of elites” theory may be
> about to make a comeback.
>
> For the past 30 years, business leaders have essentially called the shots,
> proclaiming markets, deregulation, and globalization as their mantras.
> Global capitalism has triumphed at the expense of national governments. The
> world of business has attracted the brightest talent and offered the most
> attractive careers and compensation.
>
> The next few years will likely witness the return of the politician and the
> advent of a larger role for the state in the economy. Barack Obama, Angela
> Merkel, and Nicolas Sarkozy have shoved business titans off the front page.
> Politicians are now the ones in the driver’s seat.
> =
>
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