Robben_DuMarsch wrote:If nothing were subsidized, and everyone acted in their best interest, farmers would only grow cash crops.
Everyones' best interest would be profit (as always), which can only be sustained by reasonably meeting the consumer's needs. If a more necessary crop was needed, the price would rise, therefore providing a profit incentive for the farmer to grow it. History also proves this wrong (forgive me for not wanting to indulge you in a history or economics lesson.)
Robben_DuMarsch wrote:Infrastructure would be slow to develop in areas ripe to prosper, resulting in slower economic growth and a less efficient a response to population shifts.
Utter nonsense. Only in a free market, unfettered by government regulation, will you see the most efficient use of resources and infrastructure development. This is true because resource allocation is regulated by PRICES alone, and prices are regulated by the market. Rather than having this virtually impossible, extremely daunting, unhuman task (setting prices in order to allocate resources efficiently) being undertaken by one/a few entities, which is just foolish. I recall an example of the Communist Chinese having to secretly order American Sear's catalogs in order to get a guideline of how they should set prices for various resources...
Robben_DuMarsch wrote: There would be less mass transit, which provides an overall more economical alternative to individual transportation.
Private industry handles transportation in my town, and its dirt cheap and efficient. They also give discounts to seniors/disabled. Maybe because its good for business?
Robben_DuMarsch wrote: . A "free market" operates under the fallacy that individual greed drives only to create the most efficient system. This isn't true, as is evidenced by monopolies, pre-subsidized agriculture, ponzi-schemes.
You just don't know your history. Sounds like you've been filled to the brim with these textbooks/TV programming/your professors. Look at what industrial age America gave the world. Look at what communist Russia gave the world. Go ahead, compare.
As for monopolies? Are you serious? Government BREEDS monopoly. Government subsidies create incentives for industries to seek-out even more subsidies. Same with regulations. Corporations will seek subsidies/seek regulations solely to compete with their rivals. Eventually a corporation will discover that they MUST seek government subsidies in order to survive in the market. They will also discover it becomes more and more impossible to run a business because of the ever mounting and increasing amounts of regulations that have to be complied with. Soon, only the largest monopolies, capable of affording such extravagant regulations, survive. This is how your giant special interest lobbies are born. This is what keeps old dinosaur monopolies like AT&T, General Electric, Goldman Sachs, etc. around forever, despite how bloated and inefficient they are economically. Once these giant house-of-cards fall, they get one giant multi trillion dollar subsidy. They get "bailed out". They fucked up severely and should disappear, but here they are. Bailed out. But hey, its ok, because subsidies are good, right?
But what about that monopoly thing? I didn't see any small businesses, any "Mom and Pop" stores, getting bailed out. They all went out of business.
And as for the ponzi scheme thing.. Here in the USA, Social Security itself is a ponzi-scheme. Its the very defenition of a Ponzi scheme. The government opened a "trust", said its growing over time, and you'll be able to draw on it when you're retired. Over the years, the "trust" disappeared, and Social Security is now funded directly by taxes. Furthermore, the taxes disproportionally hurt the youngest and poorest. Where do you think that "trust" went? It sure as hell didn't go to Social Security recipients...
Robben_DuMarsch wrote:Unless you argue that creation of regulation by the Government is actually a function of the free market, then I agree.
Yes I agree, a lot of regulations by government are functions of the "free market" (I prefer simply "market") as it was. The only resolution to this problem is to get the government out of the markets.