Republican Brown wins Ted Kennedy's Senate Seat

[Professor S]

Originally Posted by manasecret

So in turn I don't think the era of needing leaders to shepherd us through those boogeymen is over either.

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.