Libertarian Party

Prosper · Sep 27, 2010

Nitrous said: ↑

I don't really do the whole internet debate thing anymore or really even talk about what I believe all that much anymore for a variety of reasons. After taking a long hard look at my life, it doesn't seem worth it. So, just so you know. I'm not debating and I probably won't respond.

Regulation is a vague term. You can regulate the market, you can regulate the housing industry, you can regulate pharmaceuticals or you can regulate a menstrual cycle. Saying regulation of industry brings us a step closer but that still encompasses everything in the market.

With the housing market I can use the example that as far back as the 1920's when regulation of the housing industry was tried by both parties for varying reasons the ultimate result was more foreclosures than were necessary. Throughout the 30's, 40's (espec. 40's), 50's, 60's, etc. the result has always been the same.

I can use the example of government price controls on luxury apartments in New York which have led to a higher number of dormant apartments than the total amount of homeless. Of course, the property owners ultimately lose more money by keeping them out rather than inviting them in. Imagine owning a luxury apartment building and having zero dollars a month to show for it. Personally, I'd charge a $1 a month for every homeless person that wanted in, which is of course greater than $0. Unfortunately the result would be me being arrested and the land being seized and my tenants forced onto the streets.

Regulation of the pharmaceuticals industry has led to higher prescription drug costs resulting in old people not being able to afford their medications. The result of that result is a government offered "Medicaid" or Tenn-care (as it is in Tennessee) which subsidizes the price of the good so the elderly can afford it. The further unintended result is that drugs not covered by Medicaid become more expensive and force the elderly to purchase "Supplemental" health insurance (which ends up costing more than just regular insurance).

The total cost the the taxpayers is in the billions. The total cost of the inefficiency of the market is somewhere substantially higher. The result of all this increased cost? A reelected senator for his bravery in taking the fight to "Big-pharma".

Regulation of the financial industry would take a substantial amount of time to fully flesh out and explain in detail. The consequences are substantial. India and China are excellent examples of obscene regulation on the financial industry. After the 1980's (I think?) when the regulations were removed the amount of people in India coming out of poverty per day was estimated to be in the thousands, the amount in China is estimated at 5 million per day.

Five million people per day came out of poverty as a result of deregulation. China currently has the fastest growing market and less financial regulation than the United States. Though, not all regulation is created equal.

But those are my thoughts on the subject of regulation.
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+17 Rep, one rep up for each example, but I didn't count, so it's probably inaccurate.

I like the motto of the libertarian party, but I've never heard of them. The motto sort of sounds like conservatism. I will enlighten myself to the political group and report back with a newly formed opinion!

Brodellsky · Sep 29, 2010

Prosper said: ↑

+17 Rep, one rep up for each example, but I didn't count, so it's probably inaccurate.

I like the motto of the libertarian party, but I've never heard of them. The motto sort of sounds like conservatism. I will enlighten myself to the political group and report back with a newly formed opinion!
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Libertarians are in no way conservative, conservative people could never agree with them and prettttttty much everything. Libertarians believe in too many things that conservatives would never want to change. i.e. drug legalization, absolutely no relationship with religion and government, etc.

Security · Sep 29, 2010

Brodellsky said: ↑

Libertarians are in no way conservative, conservative people could never agree with them and prettttttty much everything. Libertarians believe in too many things that conservatives would never want to change. i.e. drug legalization, absolutely no relationship with religion and government, etc.
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Just because one is conservative doesn't mean they are religious.

Libertarian Party

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Libertarian Party

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