So you are a true Libertarian then. Whilst that may be ok in yankee doodle land. I very much prefer my society to at least try and address the various excesses that the corporate/capitalist market can force upon people. The social and environmental cost of unchecked capitalism is well documented. Lakes and rivers polluted; African mothers dependent on formula milk they cannot afford to buy; whole forests destroyed and habitats of wildlife ruined; people hopelessly addicted to gambling – either in the casino or online; pension funds recklessly gambled away in the pursuit of an ever bigger bottom line; and people taking out loans they cannot afford to repay and end up in massive debt cycles they cannot get out of. But its ok I guess. At least companies are making a profit. And people don’t need to do any of this stuff do they. Therefore its all ok
"yankee doodle land"
yankee doodle land.. is that were government financial regulations give huge banks like JP Morgan/Chase and Goldman Sachs a monopoly on pensions meaning I can't put my pensions in hedge funds which vastly outperform those investment banks? Is that the same land where Federally Guaranteed mortgages defaulted in record numbers causing a massive housing bubble and subsequent collapse, only to be bailed out?
"The social and environmental cost of unchecked capitalism is well documented."
The social and economic costs of government intervention in the free market are well documented. The success of more free-market economies relative to economies where the government plays a larger role is also well-documented. More important than the social or economic impact, is the principle of freedom itself. I'd prefer freedom over a better economy. Luckily you don't have to choose just one with capitalism.
"people hopelessly addicted to gambling"
So because people choose to gamble irresponsibly, my freedom to gamble should be infringed upon by a government body? I'd prefer it if I were free to gamble and don;t have to suffer because of somebody else's irresponsibility. Do you think Las Vegas' gambling operations should be shut down? what gambling laws/regulations would you propose?
"pension funds recklessly gambled away in the pursuit of an ever bigger bottom line"
Government regulation gives large banks a monopoly on pensions and they get out-performed by outfits that are not allowed to handle pension funds. Really crazy that people want to be forced into a select few banking institutions as oppose to wanting the freedom to choose their own.
"and people taking out loans they cannot afford to repay and end up in massive debt cycles they cannot get out of. "
So my lending and borrowing freedom should be impacted by other's irresponsibility? Why should my borrowing or lending be affected the perceived irresponsibility of other people? It should be my risk and my risk alone. Why make your problems my problems?
" At least companies are making a profit. And people don’t need to do any of this stuff do they. Therefore its all ok"
I'm sure if we just give away everything society will still be just as productive and motivated /s
Funny how a socialist that want a nanny-state can be so condescending towards a person who just wants freedom.