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Originally Posted by Professor S
But does leadership necessitate control? When we attack corporations/banks (even when they do exactly what we ask of them) and regulate/tax/operate them, power is not being destroyed, simply moved and centralized. Once this centralization is complete, the abuse begins and principles go out the window.
We can see this now in the recent union deal exempting them from taxes levied on "cadillac" healthcare plans in the Senate bill, and also on the recent taxes proposed for banks, many of which already paid back their TARP funds, with interest, while failing TARP/bailout companies link Chrysler, GM, Fannie and Freddie are exempt from their own mistakes, with little no TARP paid back. Afterall, how can you tax yourself since the government basically owns these pseudo-private companies? This is why government cannot compete with private industry, because government sets the rules by which their competition must abide.
This is why I believe the greatest regulator in history is aggressive private competition (not monopolies). When competition is maintained, it is the individual who wins because business must concentrate on caprturing their dollar and trust, and not just growing their own power.
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I feel like you're going on tangents here, which is fine, but I'm a little slow and I'm not following your main point that followed mine, which I think has something to do with the "shepherding leaders" taking too much control/power. Care to elaborate?
As for the banks, do you not think the banks that were too big to fail should be regulated so that they're not too big to fail, and regulated so that they can't take enormous risky investments that cause the whole economy to implode because of it? It seems like the overall message to the huge banks from the recession and the bailouts is that it's okay for them to make very risky investments, because the government will back them up in the end. It seems to me that message needs to change.