Post
Topic
Board Economics
Re: Is it true that the Fed is privately owned
by
phazedoubt
on 04/06/2013, 01:10:04 UTC
Having lived in third world country and seen what corruption looks like, this discussion while enlightening, misses a very visceral component.  The poor people involved in these situations have very little in the way of improving their station.  Even with this blatant inequality government is still a necessity.

Also, it was stated that lower mammals, insects, lizards, etc. know how to establish a balance naturally.  That isn't exactly true.  There is natural order to things including a food chain.  These animals are kept in check by natural predators.  If left unchecked they will cause an imbalance in the ecosystem and the correction will be severe. 

The state has had to bust up monopolies before.  ATT owned all of the infrastructure that our telecommunications traffic traversed in the United States.  If the government had not stepped in and broken them up there would have been no incentive for them to do so and how could anyone enter the market after that?  Of course they had a "government contract" after WWII to provide POTS to everyone in the country but that's only because they were already covering 95% of it.