Modernizing the nation’s New Deal-era defenses against financial disaster is not high among the priorities that either Barack Obama or John McCain list for the next president. But events could well plop the issue right in the middle of the winner’s plate.
http://www.informedtrades.com/91270-rivals-differ-bit-financial-market-rules.html
Neither party candidate is serious about a basic change that is essential to ensure the success of the marketplace. That basic change must necessarily take place at the "grass roots" level, and must allow the ordinary citizen the freedom to barter with his/her neigbour, and without government interference, other than to ensure that laws are not broken. As it stands, "free enterprise" is a concept that reserved for big business, and is increasingly denied Joe and Jane Lunchbucket.
The various corporation acts must be fundamentally altered, so as to include the ordinary citizen. I would go so far to say that every citizen born would be considered "a corporation" in his/her own right.
Either that, or disband the notion of the corporation as a failed experiment. After all, de-regulation has (apparently) been dismissed as a failed experiment, as the link above plainly demonstrates.
Stumble It!
With the exception of locked, rural societies, the markets have always been controlled by the conspiracy of 3 special interest sectors: The Merchants, The Priesthoods and the Military.
The expression, "free enterprise" is the same mind bender, propaganda idiocy as "consumers", etc.etc. to mislead people into believing that they're "free". Very similar to the Soviet communist propaganda that enslaved them under the guise of "freedom".
The enterprise of societies should work the same way as their road systems: All traffic, vehicles of all sizes, free to travel anywhere, provided they pass strict tests, regulations and abide by strict laws for the protection of lives and property, enforced by an independent authority.
Our present economic system is the biggest legalized crime wave in human history, colonizing, enslaving and robbing humanity and the environment under the fraudulent names of "freedom" and "individualism".
Ed Deak. Big Lake, BC.
There's no such thing as "free enterprise", never has been and never will be.
For me, free enterprise means that the company that produces a better product at a lower cost and does a better job selling it to consumers succeeds, regardless of:
- whether or not the CEO went to university with the Prime Minister
- whether or not the company contributes to the ruling party in Parliament
- whether the head office is in Montreal, Toronto, Calgary, Regina or Moncton
- how many members of visible minorities it employs
- which party is the MP in the riding your head office is in
- whether or not the company is majority-owned by Canadians
Traditional Liberal industrial policy (known less formally as "winner picking") is about the state deciding which companies succeed or get contracts on bases other than the quality of their goods and services, efficiency of their production methods and effectiveness of their marketing.
You may deride the concept of "consumers", but it is exactly that concept that ensures that companies adapt to and serve our needs and wants, rather than some politician's or bureaucrat's opinion of what we need or "should want".
The enterprise of societies should work the same way as their road systems: All traffic, vehicles of all sizes, free to travel anywhere, provided they pass strict tests, regulations and abide by strict laws for the protection of lives and property, enforced by an independent authority.
The problem comes when the traffic cops and vehicle inspectors decide they like certain cars or drivers better than others, and provide preferred access to the ones that best reflect their so-called "values" or block access to those they consider undesirable.
The only needs that a company adapts and serves is that of their stockholders. It is these types of illusions and lies about a free market system which allows it to thrive. If the system worked best for everyone from top to bottom, I'm sure it would have been abolished a long time ago. Instead, the elites are fighting tooth and nail to save an old sick dying dog which has seen better days.
We've been down this road before. Suck the well dry with all these schemes and then get the taxpayers to pay for all the pilfering of a few. Who says bankruptcy and bail out aren't profitable businesses?