Free market better than government

To the Editor:

In response to a letter in the July 6 issue, some renewables, like corn ethanol, are not beneficial according to science.

When politics get involved, they pick winners and losers. It’s who you know and how much money you spend on lobbyists, etc. Some may pan out, but the free market is a much better proving ground than the government, who can be swayed to and fro.

If you read the book, “Uncle Sam Can’t Count,” you will see the government tried to subsidize in the past, and it doesn’t work.

The free market works if left alone. It is the engine that made the U.S. the greatest country in the world. Let’s not choke it with socialism. — Bob Blonigen, Upsala

  • newpolitiq7

    Bob: Thanks for sharing your thoughts. I was with you until near the end of your letter, when your suggested that 1) there is something called a “free market,” and 2) somehow “socialism” got involved.

    Regarding a supposed “free market”, please (if you read these pages) explain what you mean. My understanding is that the “free market” is kind of a myth. Where does it exist? The market is a set of rules, agreed upon, bought and paid for, by various parties and their purchased influence who establish “the rules”– there’s a back ‘n forth (among businesses, including my own) with various parties “paying” for their participation therein. The “rules” of a “free market” are the main thing upon which Americans need to decide. We don’t agree on the rules.

    The supposed “free market”, left alone, can create disasters like our recent great recession over and over again. Only on Monday was one of the big financial firms held accountable (Citibank – to the tune of 7 billion — Citigroup has agreed to pay $7 billion in a deal with the government for misleading investors about the riskiness of mortgage-backed securities sold in the run up to the 2008 financial crisis, the Justice Department announced Monday.)

    Anyway, Bob, I liked your letter until you thought the U.S. somehow was a participant in a “free market”. Tell me more about how your define it as “free”?

    • josh

      It wasn’t the free market that caused the housing crash or the economic crash. It was governments fault. George Bush warned the Democrats that if they pursued the housing act at that time the bubble would burst. Bush was right. The government forced banks to give out loans to almost anyone or be fined. Government as you should know does very little efficiently and it is most often very costly.
      It isn’t free when you have burdensome government regulations holding back businesses. The government needs to get rid of many departments and shrink in size as it chokes out business and profit.

      • newpolitiq7

        The Economist did an excellent 5-part series last year on the financial crisis. The first part of the series “the causes of the financial crisis” is here, and struck me as a fairly comprehensive, mainly objective (non-politically charged) assessment. They don’t agree with your very over-simplified summary, and they do directly take to task the players on Wall Street, major financial institutions. Wall Street got greedy, and Main Street is still reeling/paying the price. The part that was “gov’ts fault” regarded insufficient oversight (not too much). Dodd Frank is supposed to improve accountability and transparency in the financial system and end “too big to fail”, but the jury is still out on whether it’s even sufficient.

        • josh

          It is obvious that Dodd and Frank were a huge part of the mess there is no denying that. And yes the housing crash that was helped along by the govt wasn’t the only problem this country faced/is facing. The further this country has gotten away from financial stability and further away from a small government to an ever increasing one we have continually gotten worse. The government needs to be limited to its constitutional limits set out by our constitution. Listen to many of the politicians talk and if they say one thing you know they are thinking another. Mr. Obama is a great example of a liar in chief. He is a Bush on steroids as far as growing government and continuing to spend us into more debt which we will never get out of if we stay the track we are on now. Keynesian politics does not work.

  • newpolitiq7

    Hey Josh, Oh, dear. O.K. — so, where is there so called “socialism” practiced in U.S. right now (mind you, I’m “studied” in these terms, especially as abused by the likes of you)? (and, while you’re composing a response, please provide citation of Pelosi wanting her constituents to quit jobs and so forth)

    I do agree that our nation and citizens therein would do well to honor God. I’m just not so sure that I agree with your sense of same. By the way, President Obama has said he is a Christian, and I have no reason to doubt this. Not sure why you do. Why would a President of the U.S. “hate our rights”? Your comments confuse me on almost every level, but thanks for sharing your views. The only way our great nation will resolve its many differences is through sincere efforts to understand one another, right?

  • newpolitiq7

    Thanks, Robin. Medicare is somewhat of a form of socialism, but Tricare (U.S. Military health care system) is the epitome of same. The use of “socialism” might be a reach, though. Tricare (and a lot of U.S. military benefits) are most perfect example of what many Republicans don’t want for the U.S. population at large. (“Socialism” is good for me, but not thee?) Why not have single-payer for all Americans? If it’s good for our wonderful, deserving veterans and those that currently serve, why not have us all covered by the best of health care!!

  • robin hensel

    France has the BEST healthcare system in the world and the VA is the 2nd best. There should NOT BE PROFIT MIDDLEMEN (HMO’$) in health matters at all. My opinion. Breastmilk for all babies…..forever homes for all children and decent public healthcare for all are birthrights in my opinion. If we don’t provide all of these collective social responsibilities it will co$t society MUCH more. FACT.