DDHvi wrote:It's always taxpayers who are forced to pay for the incompetence and apathy of their government tormentors.
http://cfif.org/v/index.php/commentary/ ... at-the-cdcThe advantage of
honest capitalism over
honest socialism is that elimination of bunglers is automatic, rather than political. Voting with our money still makes sense.

The problem is when people put just a little too much faith in that concept and don't think through what is involved in that "elimination".
Sure, someone who ignores health and safety standards in their meat packing plant will most likely eventually be "eliminated" from the market in a purely capitalist approach without "bureaucratic" government interference. That elimination may take the form of the backlash from consumers after a few dozen people are killed by some food contaminant but hey, problem solved right? (Well... you know.... for that one guy.... this one time...)
Unscrupulous traders in the markets running scams will probably eventually get found out and "eliminated" by people yanking all their funding. Grandma and Grandpa's retirement saving are gone now but hey, that guy who stole all their money is out of a job. Elimination successful!
Etc... because the thing is the 'invisible hand of the market' may be self regulating in a broad sense of the term, but it doesn't give a crap about collateral damage when it performs its regulation. And it also does not regulate things with the best interests of society in mind, it is just going for system equilibrium wherever it may be found. If that point is with a prosperous and equitable distribution of wealth across society it'll happily maintain itself there. If that point is with 40% of the nation living in poverty and a fractional percentage of the nation ruling over everyone else as obscenely wealthy oligarchs? Just as happy. Because the market doesn't give a crap about you or society or the quality of life of either.