The free market is the ONLY system that gives individuals true power, since they can vote (without being coerced) with their dollars.
If you want corporations to have less power, the LAST thing you would want is government intervention.
That seems very much like a canned response. You're not even trying to argue your case.
What exactly is stopping me from buying anyone and everyone out if I'm the richest man in the world?
So this idea of an "unregulated free market" is a contradiction in terms in my opinion. There would be regulations to prevent injustice. But not "laws" enforced that are by their nature unjust.
May I ask who decides these "regulations" and who defines what is just and unjust? And can you explain to me how these people are safe from corruption etc.?
EDIT: Oh yeah, almost forgot. You're thread title and post count is very suspicious and makes it look like you are simply trolling the boards. I mean "free market flaw" when in the post you play ignorant and are asking questions. Just saying.
Wow, so I'm not allowed to ask a question as a new member without being accused of being a deceptive troll?
I did not in any way offend anyone with what I wrote, and tried my best to be respectful. I think you mistook my modesty for deception, just as I might be misinterpreting your paranoia and ignorant arrogance as stupidity.
If corporation are using their power to manipulate flow of say tax dollars, then it is no longer a truly free market. I believe that would go under what Ron Paul calls chrony capitalism.
But the issue is that it seems like an inevitable problem; the free market will never exist because as soon as anyone has the opportunity to manipulate it, they will.
Long story short: If you want to take away the power of corporations to control government, the only feasible solution is to eliminate that arbitrary government power altogether and take precautions against it ever being reauthorized. Limits on government power need to be hard and non-negotiable (no matter what extreme scenario or sob story someone can come up with for "fudging" them on occasion)...or there won't be any limits at all.
I think the founding fathers tried their best to limit government power, yet, where do we stand today? The sad truth is that government will never serve the people. They'll only serve the people if it either serves them also, or if they are hurt directly every time they don't.
Does ShadoD mean Shadow Democrat?
OP did a post and run.
Haunting must have ceased.
[SARCASM]
Thanks for your very constructive contribution to this thread!
[/SARCASM]
I agree money is power perceived.
I assert entrepreneurs drive the economic engine.
I assert successful entrepreneurs get rich.
I assert successful rich entrepreneurs figure out how to take advantage of any monopoly of force to stifle competition.
I assert successful rich entrepreneurs are successful and rich because they are good at selling their ideas.
The only way to ever keep successful rich entrepreneurs in check is to insure there is no monopoly of force they can bribe to plunder the competition and there can always be competition which is a potential threat to their wealth.
So if I'm Intel and you are AMD, and I pay say DELL and HP to not buy your products, how would you stop that? Or should you even stop that?
First, money is nothing more than a tool. It can be an ELEMENT that enables certain sorts of power, but in and of itself it is not power. Electricity is raw power. Store it in a capacitor and bridge the leads with your wet hands and you will find this out shortly before you die. A stack of currency will do nothing of the sort because it is just paper.
Thanks for stating the obvious. However, if you wanna see how ironic your analogy is, try this:
Take a 1000 USD cash into a poor part of say Africa, and let's see how long it takes for you to be robbed/killed.
Seriously though, money will always (in a capitalist system) be a very direct and easy way of gaining power, and that was all I was saying with that.
Second, your assumption about corporate purpose is demonstrably flawed. The root purposes underlying the existence of corporations can vary quite broadly. Profit is often one of the reasons they exist, but often it is not the only one, nor it is always the primary one. Here I will recommend a VERY good book that IMO everyone here and everyone in the nation should read: "Built To Last" by Collins and Porras. They do a superlative job of destroying several of the myths about corporations. I cannot recommend this work highly enough. Get it, read it, then read it again. Repeat until you have gotten the ideas clear in your thoughts.
I might consider that book if you can counter this logic:
Can a business thrive without creating a profit? If no, then the first priority must always be to create a profit.
This is nonsense. They are entitled to express themselves just as we are. The responsibility lies with each of us to determine whether what they advocate is meritorious. Your question betrays your (perhaps unintentional) desire to avoid being responsible for your own opinions. Major fail, so sorry.
And I agree with that (what is with the "major fail, so sorry" though? Can't you you to discuss something without resorting to childish rhetoric?) however, you have to admit that people aren't taking responsibility, so how will you force them? (and if you decide not to force them then you will inevitably end up with poor government).
Here you demonstrate that you have a very poor understanding of what a free market is. The USA is NOT a free market economy - not by a long shot. It is a rigged market economy where certain interests such as banking, hold positions of special privilege that enable them to exercise certain power to which they are not rightly entitled. Therefore, before you go posing such questions in a public forum, you ought to understand the concepts and the realities of those things after which you make your queries. What has been demonstrated here in the USA is that RIGGED market economies are non-viable as long term propositions precisely because the interests that succeed in positioning themselves in the ways you apparently find disagreeable end up destroying the opportunities for prosperity in favor of tectonic shifts toward fascism.
You need to learn what a real free market is before you can move forward. Free markets in nations where the people take a grim view of injustice are the vehicles of virtually unlimited potential for opportunities of individual prosperity. When the large business entities are regarded and handled in the right way, there is little to fear.
It's strange how you assume that I believe that the US has a free market system (something I absolutely don't), nowhere did I state that, I even went so far as to insert "talking from a strictly theoretical point of view" in my original post to avoid any unnecessary associations, but I guess you were too busy being arrogant to notice.
Hi ShadoD, and welcome to the forum.
The bottom line here is that some Person A is simply holding more in cash balances than some Person B deems appropriate. It is important then to ask: by what criteria did Person B make such a determination? At what point does holding money become holding too much money? $100? $1 billion? $100 trillion?
You have implied that you think holding cash in greater amounts than some yet undefined x is inherently wrong. Why is this? What is your x and why did you choose it?
Thanks for the welcome, I was starting to doubt if there was even one calm reasonable person in here.
I don't like the idea of "regulating" people's income and I don't think it's "wrong" if people have much more money than the rest, however, in a normal democratic republic it
could be a problem if a single person or entity had (for example) 1.000.000x more money than the average person because that would allow this person to subvert people who have less, as well as anyone with influence (unless we create very special rules for those who have political power). And that is the problem.
Corporations are not free market entities. They are legal fictions created by legislation, and would not exist as they are currently structured in a free market system.
The problem is the concentration of power, not so much the method (although I agree that corporations as they are today are probably the worst we can come up with).
The same problem would arise if I as a single person was astronomically richer than the average person.
I like what Doug Weed (a libertarian and historian) once said on the matter. (In my own words...not as eloquent as Mr Weed). He was originally a ministerial student, and they would go to the college cafeteria fasting and ordering nothing but water to demonstrate for the hungry of the world. They felt superior over those who were choosing to eat.
Finally one day he realized his fasting helped not one hungry person. He also began to realize that as Americans partook of capitalism they spread wealth. For example originally refrigerators and TVs were very expensive, and out of reach for the average person. But as more people began to buy them the prices came down, and eventually even poor countries could afford them.
He went on with a speech that would bring tears to your eyes on how people in communist countries died trying to bring about what we take for granted here in the U.S. I wish I could recall the rest of the story, but I would not do it justice.
I absolutely agree (in theory). In reality though, you'll find the same problem as we see today in many poor countries; no government, no laws and the people getting either abused as underpaid slaves or completely ignored and thrown out of land and deprived of natural resources.
The free market would be great for them if businesses had morales and ethics.

You describe the problem we currently have with central planning controlled markets. Monopolies are protected by being granted favored status through regulations.
Laissez-faire free markets solve these problems.
A monopoly in laissez-faire free markets would have to be an exceptionally good company because the only way the company could maintain its monopoly status would be to provide high quality products at exceptional value.
You're not saying how it would solve the problem though. I absolutely agree that the system we have today only makes it much much worse, but I don't see how Laissez-faire free market mechanisms will eliminate the problem of powerful entities abusing their money/influence.
There is no, has been no, and never will be any free market. Markets are influenced by the limits we put on the individual and collectively. We should focus on selling common sense regulation that criminalizes fraud and selling alcohol to kids.
In principle I believe that you should be able to sell alcohol to kids (rather than having government stopping you), however I of course understand your point of view.
But if we allow regulations then the question becomes, how do we ensure that the regulations are in
our best interest? And can they ever really be (with the known political systems)?
End the government CREATION of corporations. And end the government protection of ALL businesses. Establish that only human beings can own property or enter contracts. And let the market do what it will.
I think that is a very good idea actually. Only thing so far that might be able to (some extent) remedy the problem. However, you would still have the problem of getting the case into court, and that road could be blocked by corrupt politicians and judges.
That should have been the answer to the OP, (who posted 1 Troll post and never has responded)
That this has gone on is rather pathetic.
(8 pages, 70 posts, 1,198 views)
So you just dropped in to say that the thread was pathetic and that I'm a troll? Why, thank you for your input, now feel free to leave again (who is the troll again?).
Yep I look at anyone with a date of Aug 2010 or Sept 2010 as suspect. Quite a few lately.
You must have some pretty strange paranoid delusions if you think that people actually sign up exclusively to ruin the "community".
Uh oh, it’s the dreaded “one- post troll”. His kind are swarming this place.
Yet another paranoid troll...
I don't think this is a "free market flaw" or with libertarian theory itself, but it is a problem of implementation that means (imho) that any attempted transition to libertarianism from our current system is probably doomed to failure.
The problem, as I see it, is a question of the order in which things are done. You can talk about stuff like eliminating taxes and business regulations, but this would be a disaster. The regulations and taxes we have are after-the-fact corrections to a corporate/government power structure that existed before they were needed.
e.g. "Just vote with your dollars" doesn't work. I've never bought anything at Goldman Sachs or Lockheed, but they're still getting my money.
To use an analogy, imagine that an unregulated free market is like a boat. The boat is doing just fine, until someone shoots a hole into the bottom of it. I then stick a cork into the hole, and the boat stops taking on water as quickly (but it would be better if the hole weren't there, obviously)
When the government started issuing all these corporate charters with the railroads, that was like shooting a hole in the boat. When the government started passing more and more corporate regulations, that was like sticking a cork in the hole that they made.
Removing the cork at this point is a bad idea, as is removing all the regulations on corporations. You need to remove them in the order that they were put in place, not in reverse..
In other words, the regulations we have today ARE necessary because of earlier government intervention in the economy.
Corporations are creations of the government, therefore allowing corporations to act unchecked is not allowing the free market to operate, it's actually allowing the government to act unchecked.
Sometimes, I think of myself as a "libertarian in liberal's clothing." I actually support economic policies that libertarians despise like punitive levels of progressive taxation, corporate regulation, etc. However, the reason I support them is because I believe they are necessary given the current underlying distortions that are already present in the market due to previous government intervention. Allowing corporations to keep all of their profits at this point is like allowing a bank robber to keep all the money he stole. Until the underlying distortions in the market (corporate personhood, public/private collusion, etc) are removed, removing the bandages will only make things worse.
What corporations do is essentially like telling a bank robber that no matter what happens during a robbery, the worst that will ever happen is he might be forced to give back some of the money. If the worst thing that could happen were having to give back some of the money I stole, I'd be robbing banks all day long.
What you say is true, but I don't think it tackles the problem that I was thinking of.
Okay, that was quite a reply, I'm glad I got that done. Now on to a more personal response:
I think it is shameful how bad some of you treat new people and different ideas. I have been to many forums and never have I encountered such a hostile tone from so many people.
The reason I didn't respond was that I wanted it to be a proper response, and since I have been busy the past few days I didn't have the time to sit down and get it done - that doesn't make me a "troll" or an "enemy", that just makes me a regular person with an actual life.
What's perhaps more amazing though, is that so few actually honestly and respectfully tried to respond to what I said.
I'm gonna respond further if people have anything meaningful to say, but I'm gonna disregard the paranoid trolls and once I'm done with this thread I definitely won't come back, nor will I recommend any Ron Paul supporter to join this forum.