Why do they refer to what the republicans and in general the democrats as well consistently institute in economic policy as laissez-faire? They are attempting to get rid of any kind of regulation, and social services as well, including attempts to privatize social security, etc., but on the other side they keep instituting more and more corporate welfare? Tax cuts and favors, states bidding through lowering taxes to attract businesses, etc...
My question is how does this count as laissez-faire? How can they have it both ways? If it's laissez-faire, if it's about competition, why do they keep bailing corporations out when they bankrupt themselves? And how is deregulation involved in laissez-faire economics?
The closest thing to a completely laissez-faire economic system would be the bare minimum of patent/copyright law, the bare minimum of social services to the people, and absolutely no tax bidding/corporate welfare/government grants, etc., wouldn't it? And unrelated, they would
2006-09-13
08:40:42
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4 answers
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asked by
Aleksandr
4