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Originally Posted by Blade
It's amatter of degree. Some statism leads to more statism.
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Not really. Statism eventually brings about an opposite response. A government will come in and privatize a whole bunch of things.
Quote:
Originally Posted by Blade
The old argument of government stepping in where the market has failed usually gives examples of government stepping in where government has failed - eg, the Great Depression. Also, I see I really have to make a big post soon about the invalid "infrastructure" argument for statism.
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Yet, the market has frequently failed for infastructure. Rural ares generally have delayed development because private companies at one time didn't find it profitable, or didn't have the required capital, to build transmission lines to their area. Same with roads, same with railways. The market has consistantly failed in history, requiring state involvement. The government can build almost anything becuase of its huge amount of money, it should take advantage of this to serve the economic interests of the country where the private firms have failed to do so.