A Theory of Government Intervention
11 March 2017 | Pago Pago, American Samoa
The Federal government intervenes in markets, not to make the world bureaucratic, but to --
1) curb abuse by market participants (e.g., the antitrust laws and Dodd-Frank legislation), and
2) address market failures (e.g., banking collapse from over leveraging followed by bank bailouts) sometimes allowed by removing earlier market regulations.
The federal goverment intervenes in the private sector to assist the helpless and needy because --
2) countries, and
3) local governments,
drop the ball or do a bad job on average in taking care of them.
GOVERNMENT INTERVENTION ANY AND EVERYWHERE IS IN RESPONSE TO PRIVATE ABUSES AND DEFALCATIONS -- whether in markets or private lives.
Only the social services of the state governments do well because they have have a cadre of professionally trained workers to intervene in private lives and for children, again in response to PRIVATE ABUSES AND DEFALCATIONS.
Conservatives rail on about deregulation and freedom from intervention, under the false banner of hampered productivity, because THEY ARE THE ABUSERS and THEY SEEK THE DEFALCATIONS in care for the helpless and needy. They don't want to be bothered. And out of their own GREED, they don't want to be taxed for it.
It is ignorant, reprehensible and reptilian.