This argument is always that if the government would just step out of the way the private market would provide for everyone and there would be full employment. As though somehow things like minimum wages and OSHA are what keep capitalism from reaching its full potential. As though things were better in the 19th century.
I've read Friedman and Hayek. The world they wanted is a terrifying world indeed.
Nothing wrong with minimum wage and OSHA. When the government creates a level playing field, capitalism can flourish.
When companies stop competing with each other, and start trying to suck as much money out of the government that they can - that's when things fall apart.
Comments
This argument is always that if the government would just step out of the way the private market would provide for everyone and there would be full employment. As though somehow things like minimum wages and OSHA are what keep capitalism from reaching its full potential. As though things were better in the 19th century.
I've read Friedman and Hayek. The world they wanted is a terrifying world indeed.
Nothing wrong with minimum wage and OSHA. When the government creates a level playing field, capitalism can flourish.
When companies stop competing with each other, and start trying to suck as much money out of the government that they can - that's when things fall apart.