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#161
10-31-2007, 04:12 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
You may not agree with the areas that the government chooses to regulate, but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Ask yourself the same question. In what area has the government been more efficient than the market? 
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#162
10-31-2007, 04:22 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] [ QUOTE ] So excluding the morality of government, do you both renounce all claims that the market will do a better job than the government in important areas? [/ QUOTE ] Better according to whose subjective personal preferences? I can think of a lot of people who think it will be significantly worse. [/ QUOTE ] You guys are making it out like there are just personal subjective preferences, and who am I to tell you what to want? It's almost economic solipsism. There aren't just subjective preferences. For example, I think the following metrics of a society have an objective basis and significant merit, even if their relative importance may vary: - Personal safety - Certainty and stability - Protection from external threats - Efficiency - Economic strength and innovation - Environmental impact (i.e. destructive or polluting activities) - Accountability (tied in with notions of justice) - Availability of the arts and cultural items - Literacy - Personal freedom - Rate of fraud To name a few. These have an objective basis as being valuable parts of civilization, and they're what my question is based on. [/ QUOTE ] So how important are each of these to you? If personal safety increases by 1 unit, but certainty and stability decreases by 1 unit, is that "better"? If you value personal safety more than certainty and stability, then it might be better. But if you value those two items differently relative to each other, it might not.
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#163
10-31-2007, 04:24 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] .net advertising is legal, and is thinly veiled bait to the .com sites. Advertising their security procedures on their .net sites is certainly legal. I would also highly doubt that advertising that SOMEONE ELSES .com site has been provem to cheat could be illegal if they don't mention their own site. The rest of your response says nothing new. [/ QUOTE ] I understand that the .net advertising is both legal and just bait to the .com sites, but in a free market you could advertise the .com site. You are also correct that the rest of my post said nothing new. I am still waiting for your response as to how these barriers to entry line up with a free market. Hint: they dont. [/ QUOTE ] Hint, that is still irrelevant to the issue here.
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#164
10-31-2007, 04:24 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Give me an example of an area where you think some form of regualation is appropriate, and I will "agree" for arguments sake. [/ QUOTE ] Pharmaceuticals
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#165
10-31-2007, 04:25 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
The AC claim is that regulation isnt necessary because markets will self regulate [/ QUOTE ] That's not my claim. Putting words in mouths again. But let's go on. [ QUOTE ] ..insurance companies that deny claims will be abandoned, DROs that cater to deep pockets will be exposed etc. Essential to that process is that information itself is "efficient". It isnt. [/ QUOTE ] Why is government magically exempt from the need for efficiency of information?
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#166
10-31-2007, 04:25 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] You may not agree with the areas that the government chooses to regulate, but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Ask yourself the same question. In what area has the government been more efficient than the market? [/ QUOTE ] Same answer. Pharmaceuticals
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#167
10-31-2007, 04:27 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] [ QUOTE ] You may not agree with the areas that the government chooses to regulate, but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Ask yourself the same question. In what area has the government been more efficient than the market? [/ QUOTE ] Same answer. Pharmaceuticals [/ QUOTE ] Wow, that was convincing.
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#168
10-31-2007, 04:38 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] [ QUOTE ] but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Give me an example of an area where you think some form of regualation is appropriate, and I will "agree" for arguments sake. [/ QUOTE ] Pharmaceuticals [/ QUOTE ] That's a good choice. Now, for the sake of argument: - How do markets "fail" with regard to pharmaceuticals? - How do governments "succeed" with regard to pharmaceuticals? I need to know what your view is on government pharmaceuticals before I can agree/disagree.
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#169
10-31-2007, 04:40 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] [ QUOTE ] .net advertising is legal, and is thinly veiled bait to the .com sites. Advertising their security procedures on their .net sites is certainly legal. I would also highly doubt that advertising that SOMEONE ELSES .com site has been provem to cheat could be illegal if they don't mention their own site. The rest of your response says nothing new. [/ QUOTE ] I understand that the .net advertising is both legal and just bait to the .com sites, but in a free market you could advertise the .com site. You are also correct that the rest of my post said nothing new. I am still waiting for your response as to how these barriers to entry line up with a free market. Hint: they dont. [/ QUOTE ] Hint, that is still irrelevant to the issue here. [/ QUOTE ] What is the issue? I thought one of the questions was whether online poker operated in a free market?
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#170
10-31-2007, 04:48 PM
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Re: A/C in Action: The AP Case
[ QUOTE ]
[ QUOTE ] [ QUOTE ] You may not agree with the areas that the government chooses to regulate, but in those areas where some form of regulation is agreed to be approrpiate, where has the market been more efficient than government? [/ QUOTE ] Ask yourself the same question. In what area has the government been more efficient than the market? [/ QUOTE ] Same answer. Pharmaceuticals [/ QUOTE ] Yeah, they did a great job with Vioxx. Amazing efficiency.
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