As a counter-point to Billy's explanation of the center, let me present the 
*other* extreme, using negative numbers.  We can call it the "Green" viewpoint, 
though I confess I'm not really an expert in that area, and I fear we don't 
have any sympathizers to keep me honest.


On Nov 29, 2011, at 4:50 PM, Dr. Ernie Prabhakar wrote:
> 1. Market failures are natural and self-correcting.  Governance failures are 
> artificial and structural because they stem from government being too big.

-1.  Governance failures in a democracy are natural and self-limiting. Market 
failures are destructive to society because there's no accountability.

>       Corollary: Market inefficiency is minor and tolerable.  Government 
> inefficiency is massive and intolerable.
                Corollary 2: Most market failures are due to distortion by the 
government (new)

Corollary -2: Most governance failures are due to distortion by corprorations

> 2.  Governance at the state level operates on a completely different set of 
> rules than corporations and civil society, because i) membership is 
> involuntary, and ii) the state has a monopoly on legitimate physical coercion

-2. Large corporations operate on different set of rules than local businesses, 
because they are concerned with pure profit rather than human relationships.

> 3. All the societal problems that were historically solved by government 
> intervention (e.g., slavery, child labor, elder poverty, racial segregation) 
> were either i) caused by government intervention in the first place, or ii) 
> would have eventually been solved by market forces anyway.

-3. Corporations inherently act in their own short-term self interest, and 
never produce societal value unless forced to by outsiders

> 4. When the market gives us crap, it is our fault.  When the government gives 
> us crap, it is because of design flaws.

-4. When the market gives us crap, it is because of corporate conspiracy.  When 
the government gives us crap, it is because we weren't taking responsibility.

> 5.  Governments which support a strong volunteer military for defensive 
> purposes, and strong legal protection of property rights and contracts, but 
> few others services, are inherently stable.

-5. Governments that place on premium on ensuring a stable and equitable civil 
society will have the most sustainable economic progress.

> 6. Enlightened businesses want no public investment in any "commons" so as to 
> maximize the scope for private enterprise.

-6. Enlightened governments should regulate businesses to ensure they always 
act in the public good

> 7. The collapse of our present social structures would be a good thing, 
> because the principle of spontaneous order ensures that a superior society 
> would soon replace it.

-7. The collapse of our profit-driven capitalist economy would be a good thing, 
as it would force people to produce goods locally in a more sustainable manner

> 8.  The U.S. Constitution reflects a Libertarian view of the role of 
> government, because the Federalists largely shared most key Libertarian 
> beliefs.

-8.  The U.S. Constitution was inspired by the Founders belief that a strong 
federal government is essential for protecting citizens' rights.

> 9.  There is abundant evidence supporting the Libertarian viewpoint.  There 
> is virtually no evidence contradicting it.

-9.  There is abundant evidence supporting the Green viewpoint.  There is 
virtually no evidence contradicting it.

> 
> 10. Human beings can be trusted to act rationally when incentives are not 
> distorted by government intervention.

-10. Human beings can be trusted to act rationally when incentives are not 
distorted by manipulative markets.

> My hope is that if we can at least agree about where we disagree, we might 
> actually make some forward progress.

Apart from the amusement value, most arguments I've seen defend one set of 
beliefs by claiming they are more sensible than the other extreme.  Personally, 
 I think both have a some truth, but are largely BS.

-- Ernie P.

-- 
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