Comment 28791

By seancb (registered) - website | Posted February 18, 2009 at 18:01:02

Regarding the reason it becomes harder to pay off debts with each passing day, watch the video that I linked to, and look up fiat currency.

In your ideal world, lakes and rivers would be privately owned? What a disaster. So one entity owns lake ontario and its entire catch basin? Good luck. You are so out of touch with reality it's actually humourous.

A quick thought experiment for you: Forestry company "A" owns 10 acres of land. Company "Z" owns 10 acres right next door. There is no regulation for public good, just free market economy. Company "A" sees that, in the long term, it is in their interest to selectively log their land so that they can continue to use it for the next 100 years. Company "Z" sees that if they clear cut, they can reap all of the benefits of their land right away. Company "Z" severely undercuts company "A" on price because it is significantly cheaper to clearcut than to selectively log. Company "A" goes under because the free market prevails. Company "Z" buys company "A" for pennies on the dollar and clearcuts their land. Continue until all future thinking companies are gone and the short sighted market driven ones are left sitting on barren desert where once there were trees, no government to bail them out, and, oh yeah, we all die since the forests are no longer there to replenish our oxygen supply. An extreme example indeed, but a good indication that the free market does not work in practice the way you think it works in theory. Because we are all sharing the same resources and the same space, whether it's trees, lakes, roads or sidewalks. Now go back to your game of monopoly and leave the rest of us in peace.

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