gut;1160865 wrote:I agree, although it bears mentioning that it's not a shortcoming of the free market you allude to but a lack of complete/perfect information. I just brought it up because it made me think as society advances the ability of the free market to function efficiently and effectively increases.
More to the point, there are probably some things that we needed the govt to do in the past, be it for capital or organization or whatever, that has become obsolete (the Post Office being sort of the poster boy for that). And I don't know, but 20-30 years from now the drone fleet might make the Airforce largely obsolete (at least as we currently know it).
You know the USPS isn't actually broke right? They had to pay something like 80 years worth of medical insurance for their employees upfront. Like, pay for insurance for employees who aren't born yet. That will put a dent in any Balance Sheet.
And I don't think society has advanced to the point where greed, irrationality, or stupidity in decision making is irradicated. In fact I'd say we've really taken no steps in that direction and probably never will.
Based on competition with smart regulations is what we should strive for. What encompases smart regulations/not regulations is the debate to be had.
