Mrs. Chavez is mainly talking about entrepeneurs(small business) not multinational banks. But your point is taken as well. Now I challenge you to point me to a government intervention success story. ;D
Japan, Newly Industrializing Economies (NIEs) aka East Asian Tigers (Singapore, Taiwan, Korea) ... and ChinaNot to mention your New Deal from 1933 to 1938. (Even if some went as far as accusing Roosevelt of being a communist! ;D)Dumping and protectionism can be considered as government interventions as well ?!?
Ah but all your examples point to government making the environment good for business to prosper not adding mandates that affect the bottom line. How does national health care or bailouts improve the environment for business? Bailouts allow companies that should die to live and social mandates inmpose taxes that reduce employment or productivity because the money that could be used as capital investments or to pay for more employees instead goes to the government who doles it out to the unproductive.
Didn't you ask for examples of government intervention successes ? You got them. I didn't want to cut this in thin slices otherwise it gonna be a neverending story again. 😉Nothing is simple, you have the pro and con's about government intervention, this has more to do with economical philosophies; each choice is rightful if all consequences are fully supported. (TMVHO)What about the New Deal when America was under communist rule ? All wrong ?
Perhaps I did not hedge enough, I dont think all government intervention is wrong. I just dont think most of what is done is done correctly or even though all the way through to logical conclusions. There is a large element of feel-good emotion to many government programs.The New Deal was OK but it did not solve Americas economic problems WWII did and that has been demonstrated in several recent historical works most notably by Niall Ferguson in the War of the World. I don't go so far as to even say that all social spending is wrong although i suppose that inference could be made from my general tone. Once again, the way things are done is juat as important as the what.I also dont think that throwing money at problems is necessarily the way to solve them. The american education system is a pretty good example of money not solving a problem. Just as money cant buy happiness it cannot solve every problem.Basically, I am a small government conservative that thinks government should set conditions and then let Adam Smith's dead hand go to work. Constant tinkering only makes things worse, it does not fix them.
Update: Here is a good piece by Dick Morris about the GOP and the effect the Tea Party is having on it. Ski, maybe, even hopefully you are right and the Tea Party will pull the Republicans back to where they need to be.
I hope so too. Because if not, we'll have another term of Imam President Obama
I dont think we have to worry about that, I would say Obama is destined to be a one term president. I wonder if the next person is going to be any better. It can always get worse.
If he is defeated in his re-election bid, could he return in a “Grover Cleveland'esque” second term?---My opinion, the primary problem with our current political situation is that politicians, by and large, have greater loyalty to the good of their party than to the good of the nation.
I really wanted to enjoy Obama as the first black president. He's making it very difficult though. His answer to everything is more government more government and yes you guessed it, more government. 🙁
I am almost overexcited to see the results of next week's mid-terms. I would rather see the Republicans take one house and effectively gridlock government than see the Democrats retain control and keep spilling the red-ink everywhere. Eventually, something will have to give and party/ideological differences will come to a head. I just hope that it is bloodless when it does.