In response to:

Government Gone Bad

FletchforFreedom Wrote: Dec 12, 2012 1:16 PM
You have misstated the theory (and the reality). In the real world (as demonstrated empirically), employers take the necessary precautions to protect workers and the environment (albeit less the latter as I'll get to) not because they "care" but because the financial incentives require them to do so. Competition specifically creates these outcomes as demonstrated by the steady improvement in working conditions and compensation since the beginning of the Industrial Revolution (interfered with - not aided by - unions and government action). EXTREMELY isolated incidents (like Massey and even Triangle Shirtwaist) do not undermine this at all (Bhopal resulted directly from GOVERNMENT action). cont
FletchforFreedom Wrote: Dec 12, 2012 1:21 PM
The "desperate people" comment demonstrates yet another example of pure economic ignorance, particularly when someone stupidly pretends that such fictions in any way relate to the "real world". To the contrary, it is no accident that, throught the entire period of the recession, entry level jobs have paid consistently higher than any legal minimum. This demonstrates logically (and irrefutably) that there does not exist some disproportionate bargaining power (monopsony - even its presence in the economy had not already been repeatedly disproved) or any justification for minimum wage laws.

There is no problem with the theory of capitalism resulting in more jobs, highger compensation and safer workplaces AND the environment...

Politicians claim they make our lives better by passing laws. But laws rarely improve life. They go wrong. Unintended consequences are inevitable.

Most voters don't pay enough attention to notice. They read headlines. They watch the Rose Garden signing ceremonies and hear the pundits declare that progress was made. Bipartisanship! Something got done. We assume a problem was solved.

Intuition tells us that government is in the problem-solving business, and so the more laws passed, the better off we are. The possibility that fewer laws could leave us better off is hard to grasp. Kids visiting Washington don't...