Diskusjon om psykologi, epistemologi og metafysikk (fri vilje, begrepsdannelse, o.l.).


Innlegg Panther 18 Aug 2011, 08:49


Unhampered Capitalism Will Stop the Insanity
14 August 2011 Michael Hurd

People tend to blame bad business decisions on capitalism.

People tend to blame bad business decisions on capitalism. For example, some business owners treat their employees poorly and would advance their own interests better by treating their employees well. Happy employees tend to lead to happy customers, which means more profit for all. People have a bad boss, and they blame the free market. "Government ought to step in where the free market fails," they say.

This is like blaming oxygen for the actions of criminals. "If we didn't have so much oxygen, criminals wouldn't be able to breathe, and there would be less crime."

It's just as ridiculous to blame capitalism for the actions of business owners. The “oxygen” of business is unhampered, unrestricted capitalism.

Capitalism refers to freedom, specifically in a business context.

Freedom implies responsibility. In a free market, business owners have moral hazard. In other words, they are responsible for their mistakes.

If they continue to make the same mistakes, competitors who refuse to make those mistakes are free to step in and take business away from them. Sooner or later, this will happen because of the constant incentive for profit and gain present in the free market.

Government only has an incentive to "do good." Government employees don't usually make a lot of money, but they will make that money regardless of outcome. If anything, government regulators and "do gooders" have an incentive to make it look like problems exist, even where there are none. This justifies the continued existence and/or expansion of their government offices. Why do you think Washington D.C.
Ken-G. Johansen.
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