- 24,344
- Midlantic Area
- GTP_Duke
Let me show you another side of that coin:MrktMkr1986The above examples are not naturally competitive industries -- therefore, they need to be regulated. I'm going to stick with electric companies, though. It takes a long time to build power plants and the free market can't predict weather conditions. You live in a city where a power grid is still publicly regulated. What do your electricity bills look like? Under a regulated system, electric prices should be set by a public utility commissions. They maintain the power grid and should have plenty of generating capacity. Deregulation (for the most part) resulted in increased prices.
New Jersey heavily regulated the selling of automobile insurance. They placed all kinds of premium limits and coverage minimums that insurance companies must provide. They placed hundreds of restrictions on who insurance companies could refuse to insure.
Guess what? 4 out of the 5 largest insurers stopped doing business in New Jersey. Real insurance coverage dropped drastically and prices stayed high.
Yeah, regulation works just great. But then again, you probably think that since people need a car to survive that they have a right to insurance coverage.
Now, with New Jersey finally realizing that they screwed up royally and putting serious work into deregulating it, the insurance industry is on the rebound there. Many of the top insurers are coming back to the state, and rates are falling.
Three cheers for a centrally planned economy!
??? And yet you say "communism" like you still think it's a dirty word. Is that a farce? Under a free market economy everyone works together who wants to work together, and no one is forced. You're confused. See below.No one is forced. Everyone works together.
No, Brian, it is you who says otherwise. Your every argument says that people have "right" to food and a "right" to housing and a "right" to medical care and a "right" to education.People are not property (although you would argue otherwise).
So you think that farmers and carpenters and doctors and teachers are all the property of everyone else with a "right" to the products they need. Because human beings need those things you enslave other human beings to provide them.
And yet this is exactly what you accuse us of doing, with unconcealed horror in your words.
You've got it so fundamentally backwards that it's almost amusing, if it hadn't gotten us into the mess it currently has.