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Re: free-markets in the time of anthrax



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Please help make the Manifesto better, or accept it, and propagate it!
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Hi,
    Why is it "Free-Market" advocates have to prove that "Free-Market"
system works in practice? People think that is just an Utopia which will

never be achieved in practise. Plain rubbish! Why can't those who =
advocate
Govt. intervention in all walks of our life give a proof that Govt.
intervention has indeed provided additional benefits to a society as a
whole! I think freedom is a natural state. If somebody suggests =
individual
freedom is to be taken away (like restricting imports, taxing people =
etc.)
he has to  really make a case for Govt. intervention. Do our Member of
Parliament and Govt. official explain you how Nationalizing Banking,
Insurance, Shipping, Airlines, Water Supply, Electricity, Surface =
Transport,
Communications and Broadcasting, Education, Health and Medicine, Sports,

Culture etc. have indeed benefitted the Country? In the last 40 years of

Indian Socialism has anybody offered a single explaination of Govt. =
control
of our lives from Craddle-to-the-Grave? For that matter has any country
=
in
Europe or any Govt. in US has offered any explaination for more Govt. =
role
in the society?
    Politician love Govt. intervention because they love the =
discretionary
powers that come with it. By focussing us on the short term benefits =
they
take an increasing control of our everyday life. No wonder Keneysian
policies are favored by Politicians and those with vested interests. If
=
some
worker's job is going to get saved by use of Keneysian principles, he =
will
love that. What he doesn't understand is that he and others are going to
=
pay
a heavy price in the long run because of this stupidity! Ask a poor =
widow
with two kids who have been just thrown out of her apartment by her =
landlord
for non-payment of rent whether she believes in Property Rights and she
=
will
ofcourse say no! She loves it when judge orders the landlord to let her
=
keep
the apartment till she finds another one or till she finds a job. But =
people
don't realize the fate that is going to fall on other widows in the =
similar
situation. Landlords after this will be very wary of giving apartments =

on
rent to widows eventhough they are willing to pay the rent. Judge might
=
get
re-elected, the widow might get a temporary shelter but everybody else =

is
screwed forever! Nobody asks the judge or politician to explain why =
ignoring
Property Rights in the widow's case is beneficial for the society!
Regards,
Ashish
----- Original Message -----
From: "venugopal" <gvvs@nird.ap.nic.in>
To: <debate@indiapolicy.org>
Sent: Thursday, October 18, 2001 10:03 PM
Subject: Re: free-markets in the time of anthrax


> ---------------------------------------------------------------------
> Please help make the Manifesto better, or accept it, and propagate it!

> ---------------------------------------------------------------------
> 1. Yes, there is no country which is a free market. But the idea of
> 'free
> market'
> remains an ideal for some. I tried to analyse the flaws in this belief

> in an
> article
> which can be seen in the publications page of ipi.
> 2. It is not that whoever wants more government control is =
automatically
> a
> leftist. One can also see, for example, that fascists or for that
> matter,
> religious fundamentalists
> want total control of government. I think it is time we moved beyond =

any
>
> kind of labels and analysed each issue on its own merit.
> What is important is to look into the questions of what kind of
> government
> intervention, in what manner and its consequences on society at large.

> 3. When you acknowledge that 'free market' has not existed anywhere, =

on
> what
> basis
> would you advocate it to be the ideal which needs to be understood as
> something distinct
> from neo-liberalism? I think we can understand the article cited =
better
> if
> we don't have
> the predeliction of 'free market' as an ideal and go ahead with noting

> the
> points that are made.
> Broadly speaking, 'neo-liberalism' refers to the idea of allowing
> external
> trade by reducing barriers and by reducing government interventions
> while
> 'Keynesian approach' was the one that was
> adopted in the USA in the early 20'th Century of Government =
expenditure
> to
> be a major stimulus
> for boosting the economy. I think all that the article has tried to
> argue is
> that things
> seem to be going the Keynesian way whereas these very same agencies,
> till
> the other
> day, spoke of neo-liberalism as an ideal. Perhaps many people won't
> disagree
> with this.
> Otherwise, how would one explain huge deficit spending being planned =

by
> US
> government, which
> was exactly what Keynes had prescribed at a different historical
> context?



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