Econ 101

[steelish]

Almost everyone is "attacking" chuck for this post. Look at it from another point of view;

1) Mandatory licensing of professional services increases the prices of those services.
2) Overall, the standard of living is higher today than it was 30 years ago.
3) Rent control leads to housing shortages.
4) A company with the largest market share is a monopoly.
5) Third World workers working for American companies overseas are being exploited,
6) Free trade leads to unemployment.
7) Minimum wage laws raise unemployment.
8)Restrictions on housing development make housing less affordable.

Personally, I don't think it's a case of one political viewpoint vs another. I think it's more a case of those in political power vs those who aren't. The American government has been regulating and interfering in the private industry for years with both parties taking turns "at the helm", so it is something BOTH sides of the issue are guilty of.

There are times that it is beneficial for the government to regulate something. If it involves the security of the country as a whole, then it should be regulated. The American (federal) government has over-stepped it's boundaries when it comes to power over it's citizens. This has been done very slowly over a great number of years. So slowly, in fact, that many Americans are still unaware of just how much control the government has over their lives.

When I read the original post, I threw out the entire "liberal" base argument, because the Republicans were just as guilty of the same thing when they were in power.

[leo9]

Personally, I don't think it's a case of one political viewpoint vs another. I think it's more a case of those in political power vs those who aren't. The American government has been regulating and interfering in the private industry for years with both parties taking turns "at the helm", so it is something BOTH sides of the issue are guilty of.

And yet right now, the two biggest problems facing America are generally agreed to be caused by the government's failure to regulate. There are still a few irredentists who insist that the credit crash was caused by too much regulation, but I don't think anyone has had the brass neck to blame government interference for the oil spill.

So where was this over-regulation when we needed it?

[chuck]

1) Mandatory licensing of professional services increases the prices of those services.
2) Overall, the standard of living is higher today than it was 30 years ago.
3) Rent control leads to housing shortages.
4) A company with the largest market share is a monopoly.
5) Third World workers working for American companies overseas are being exploited,
6) Free trade leads to unemployment.
7) Minimum wage laws raise unemployment.
8)Restrictions on housing development make housing less affordable.

Thank you for taking the time to find support for the survey issues. The assumption that the interpretation of the statements was correct was never discussed in any detail.

Personally, I don't think it's a case of one political viewpoint vs another. I think it's more a case of those in political power vs those who aren't.

Exploiting misunderstanding the dynamics of economy may be a way of getting and/or keeping political power, but I don't see the where the ascension to power would change their understanding of basics, just the need to recognize them.

...it is something BOTH sides of the issue are guilty of.

That may be true if you are talking about political parties but not so much if you are talking about ideological sides.

When I read the original post, I threw out the entire "liberal" base argument, because the Republicans were just as guilty of the same thing when they were in power.

I don't buy that Republicans are "just" as guilty, but they are by no means immune. That is why many jumped ship to vote for Perot... and we got Clinton.