If you want to nitpick definitions and play word police that's cool, you can have the last word on that aspect of the conversation as it doesn't address anything of substance to the meat of the argument, but if you want to start a new thread where I run you through the mud on that debate also, I'm game, haha.
I'm a big boy, no harm no foul, no insult taken, fun debate.
Under $2/mile loads with $6/gal diesel.
Discussion in 'Ask An Owner Operator' started by kay_ray, Oct 11, 2022.
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An economical system does not have a static state. For one reason or another it is thrown out of balance and then it tries to go back to its optimal state - the problem is it takes too much time from people's lives to wait.
The free market is indeed the sum of all competing interest but the flaw of it is that it creates sever imbalances that take too long to stabilize and therefore accept in this day and age when societies are no longer subdued, enslaved subjects of a ruler but more prone to express dissatisfaction and unrest.
Take Great Depression. Who of all those people sunk in poverty had enough time to wait for Adam Smith "invisible hand" to sort things out for them?
Of course, the government had to step in and give them the hand, otherwise they would have gone insane. For them back then, an for some now, the free market model failed.
Generally speaking, solutions must be found. The free market is not a solution in itself.Last edited: Oct 14, 2022
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Nobody on this planet can poll everyone to determine their end goal of satisfaction that they seek. So your entire premise is dismissed from the start because you can't even define your specific goal ("grasping the system and engineering it towards the most optimal state in which everyone is satisfied as much as possible") outside of overly generalized empty statements.
Nobody is advocating for a free market absent regulations. We are advocating for a market that preserves as much of every persons property rights and personal liberties while occupying finite space and pursuing finite resources together in which competing interests are often at odds.
The regulations that have been implemented over time in this free market of ours are, generally speaking, meant to reduce tail risk events that cause severe disruptions. There is no such thing as an optimal balance in trade and there should never be a reason to follow these world savior types who relish the opportunity to sell their utopia to the world at the expense of some other guys expense of personal freedom.singlescrewshaker, blairandgretchen, Ruthless and 3 others Thank this. -
singlescrewshaker, rollin coal, jcatel and 6 others Thank this.
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MartinFromBC, PoleCrusher and D.Tibbitt Thank this.
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I get that, but the broker isn't hauling anything, so how could DOT audit them.
Truck drivers often feel over regulated, when in reality, they are not.
Many other types of business are far more heavily regulated.Last edited: Oct 14, 2022
Ruthless and PoleCrusher Thank this. -
Stop accusing freedom of causing all problems. You blaming freedom for the great depression is ridiculous.
The great depression was caused by the government's loose monetary policies during the 1920s which ballooned the available supply of money and credit. Inflation began to run rampant which caused businesses and investors to lose confidence, causing several sharp declines in the markets. That eventually led up to what is known as "Black Tuesday", when the market lost something like 25% of it's value in a day. The ensuing panic caused a run on banks, causing many banks to fail, wiping out people's savings and crippling credit markets.
The depression was then exacerbated by further government intervention. Hoover enacted steep tariffs, artificially propped up wages, increased government spending and deficits, government lending, all combined with a decreasing money supply in a foolish attempt to stop the inevitable is what caused the Great Depression. So instead of a 12-18 month market correction, we had 12 years of economic depression.
You need so stop asking the fox to come guard your henhouse, it's really not a good idea.singlescrewshaker, blairandgretchen, rollin coal and 6 others Thank this. -
singlescrewshaker, D.Tibbitt, MartinFromBC and 2 others Thank this.
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