QUOTE(nighttimer)
If the government is used as a force to enforce social ills such as racial segregation, why can't it be used as a force to remedy social ills as well?
Because the only way that government can accomplish such goals is through coercion. If the goals could be accomplished without coercion then there would be no need for the government in the first place. They remedy certain social ills but create entirely new ones by the restrictions they place on individual liberty.
QUOTE(nighttimer)
If citizens are allowed to petition their elected officials for redress, how are the forms of redress to be applied if it does not have the authority of government behind it. The role of the government is not merely to stand aside and look on while the free market does its thing. When the free market oversteps its boundries, someone has to have the big stick to whap it back in line. Unbridled capitalism at its worse does not make social ills irrelevant. It merely centralizes power, wealth and influence in the hands of a select few to the detriment and exploitation of the many.
Capitalism in and of itself is not a positive thing much in the same manner that democracy in and of itself is not a positive thing. For capitalism to be effective, it takes a combination of ideals and institutions in order to be successful. The rule of law, respect for individual rights, and capitalism in combination is the greatest hope for a free society. If you are missing one of those, then it will not be beneficial and predatory capitalism and fascist practices will prevail. However, all working in unison will decentralize power.
QUOTE(nighttimer)
You've used this "Businessman A is a racist and Businessman B is not which means the non-racist businessman will win out" metaphor before lederuvdapac, but I think you are not considering the intrinsic weakness. One is that racism is often very subtle and not easily detected. Consumers aren't always armed with the knowledge that the owner of the business or service they're patronizing hates Blacks, Asians, or Hispanics. A company that may not be willing to hire African-Americans as employees or managers may be willing to hire them as part of the janitorial crew. Being able to say you employ some minorities isn't the same thing as saying they have equal opportunity.
If it is as subtle as you claim, that the public at large does not hear about it and nobody complains about it to the media, then how could you hope to combat it through law?
QUOTE(nighttimer)
Two, if I follow your line of thinking that while racism is bad, being a racist is perfectly acceptable, wouldn't that mean that if I happen to produce DVD players and my competition is still producing VCRs, as the manufacturer of the superior and preferred format won't I win because I'm selling the product the consumer prefers? Won't my superior product compensate for being a horrible bigot? Capitalism is driven more by the worship of The Great God Profit than issues of morality and social justice.
In that horribly skewed analogy, yes you would be correct. If a racist car dealer sold a modern car and a non-racist only sold a Model T, then yes the seller of the more modern car would probably have good business in comparison with the seller of the Model T. However, that person would not have as good business as the non-racist who sells the modern car since he would have a larger market share.
QUOTE(nighttimer)
If not for the federal government intercession President Eisenhower would not have called out to protect the Negro students in Little Rock, Arkansas. The Supreme Court would have refused to hear Brown v. Board of Education. The FBI would have never been called in to investigate the disappearance of Goodman, Chaney and Schwerner. President Johnson would never have signed the Civil Rights Act of 1964.
Right, the government was protecting the rights of individuals in this instance, something they failed to do since the beginning of this republic.
QUOTE(nighttimer)
The experience of Blacks as an oppressed minority is entirely unique and separate from that of the Irish, Italians, Poles, Germans, Jews and Asians. All of those groups came here voluntary. They came with the family structure intact along with their customs, language and history. There was no systematic attempt made to disenfranchise ethic groups from concentrating their economic power within their own neighborhoods.
The experience is certainly different and I would never argue otherwise. The experience of blacks is only comparable probably to Native Americans in US history. However, there are similarities that can be analyzed when it comes to minority and outsiders trying to assimilate into mainstream culture.
QUOTE(nighttimer)
Yeah well, hindsight is 20/20, ain't it? Jim Crow laws, The Black Codes and other manifestations of racism and White supremacy did exist and the mighty marketplace was complicit, impotent and silent. Yes, the government SHOULD have been protecting the rights of Black Americans, but it took years of blood, death, oppression and worse before the resistance to racism build up enough momentum to subvert the dominant paradigm.
I would argue that the marketplace was not complicit because a proper marketplace is not restricted from growth. I think Milton Friedman was correct in stating that North is a good example of where there were no Jim Crow laws and the institutionalized racism was less rampant (still there, but not as prominent as the South).
QUOTE(nighttimer)
Really? And what accounts for the failure of the market to prove its usefulness? Who were these bright-eyed futurists who could see there was no future in state sponsored segregation and civil rights for Blacks was the way forward?
I told you. There was never a period where the market was given a chance. It always operated under government regulation. As
deng showed, many of the Jim Crow laws were set up in order to keep blacks in poverty and in the slums. They were not afforded the same civil, political and in this case economic rights as everyone else. If there is no protection for individual rights, capitalism cannot succeed.
QUOTE(nighttimer)
I would be very interested if you could provide some examples of your evidence that when Blacks were not oppressed by the government that they were able to use capitalism to their advantage. There are numerous examples of the contrary demonstrating how capitalism was used to oppress Blacks and suppress their advancement.
I can't give you any examples, thats my point. The government restricted their rights at every turn. not giving them the opportunity to succeed. And as i stated, capitalism did oppress blacks only because their individual rights were not protected by the government. To reiterate, the rule of law, respect for individual liberty, and the free market in unison work best to create a free society. If you are missing one, then the others will not work properly.
QUOTE(nighttimer)
You're free to "not buy it for a second" but the government, the legislative and the courts were the ones who stepped up under duress to move the nation out of the darkness of institutional racism.
The government was the one that put the nation in the darkness! Its like you are thanking an arsonist for putting out a fire that he started!
QUOTE(Eeyore)
Leder[/b], and I generally do respect your opinions and credibility, I think you have a lot to learn about this area of history. I also think you are warping market theory to fit your interests. The market will adapt to the social conditions and amorally seek out maximum profits. The market does not create social conditions.
Thank you for the kind words
Eeyore and you hit the nail on the head. The market is amoral. Some see amorality as immorality, but that is not the case. The market provides a means for people to get out of poverty and to pursue their own interests free of coercion of other individuals. This is done, ironically by personal greed. Greed makes social factors irrelevant in the pursuit of wealth. That is my point.
QUOTE(Eeyore)
I used this snippet as representative of your take on history that has government impeding the market from creating a racism free world in the United States. You brought up Atlanta and pointed to a period of prosperity that you say was ended by the arrival of Jim Crow laws. What do you think really happened in the South from the end of Reconstruction (1876) to the beginning of the passage of Jim Crow laws? The rising popularity of Populism in the 1890s threatened to create a political alliance of poor whites and poor blacks in the South that would end the one-party Democratic rule in the South.
There was a clear social code in the South that African Americans grew to learn to abide by or else. This code was enforced by custom. Afraid that poor whites and blacks might find common ground in the populist political movement, many states passed laws that legally solidified what had been put in place in custom previously. In many places in the South, the ability to vote was not actually restricted by law for blacks. Blacks were simply not to vote. White registrars would not register them. And there would be repercussions for those who did not know their place.
And it is the fault of the government for not protecting their rights! How could blacks hope to prosper if they could not elect officials in districts where they made up a significant population (especially majorities)? They couldnt. How could they hope to become economically prosperous if the police turned a blind eye to their businesses being burned or their licenses being denied? They couldnt. It was government that restricted their freedom.
QUOTE(Julian)
A notional perfectly free market REQUIRES that all parties have pefect information BEFORE any transaction takes place - this is more than a tad undermined by the notion of commercial confidentiality.
There has never been a 'perfect' free market just as there has never been a 'perfect' socialist, communist, utilitarian, or democratic society.
QUOTE(julian)
In such a free market, why would advertising and promotion be remotely necessary? All potential purchasers would already know everything they could possibly want to know about all the products and services that could meet their needs, so they wouldn't need to be advertised to, would they? And if the free market worked best when self-regulated, there wouldn't be laws requiring that advertising didn't make false claims, or laws requiring that food products met certain standards (non-adulteration being one of the eariliest). Such regulations demonstrate that totally free markets work BETTER whe they are regulated.
People do lie and that is when it is acceptable for government to step in. False information and fraud are serious breaches of the public trust and should be prosecuted. But that doesnt mean that markets work better when they are regulated to the extent that you are probably talking about.
QUOTE(Julian)
Like governments, markets should be the servants of the people, not their masters.
Markets are the servants of the people because supply and demand is dictated by the people.
QUOTE(Julian)
If untrammelled free markets put poisons into foods because they are cheaper, cause addiction to the product, have some flavour-enhancing property, or some other profit-maximising or sales-increasing effect - that maximises short term profit but minimises long-term profit (because customers have shorter relationships with the business, on the basis of being dead). Unregulated free markets HAVE done this in the past.
And how exactly has that worked out for them? Companies that commit fraud and lie about their product are eventually uncovered and face the consequences. Then they are the victims of endless litigation and lawsuits.
QUOTE(Julian)
A notional, perfectly free market REQUIRES that all the parties conduct their transactions based only on rationality. But what if the bulk of the available penetrable market holds an irrational view. Let's say, for the sake of argument, that they don't like black people and don't want to live near them. If I'm a house builder, it doesn't much matter what I think of black people; I will make less money if I sell houses to them because they are in a minority, and because if I do, I cut down my chances of selling to the black-hating majority. Even as a niche market, blacks were unattractive to even the most enlightened businesses because their relative economic disadvantage made them less likely to be able to afford to buy the kind of premium-priced products & services that most businesses, given a free choice, would prefer to provide.
And this is a good example so lets dwell on it for a moment. The house builder doesnt necessarily need to be racist but is living in an irrational market. If he sells a house to a black family, he risks having no white families buy the neighboring homes. This is a bad situation no doubt. If no other families are willing to purchase the homes, the builder goes bankrupt. He is harmed because he was coerced into entering a contract with someone whom he knew would hurt his business with other potential buyers. Is that fair? Well of course it isnt. Its not fair for the black family but it also not fair to the home builder who is going to fail because of a law that coerces him into contracts.
QUOTE(Julian)
They government should regulate the private sector, full stop (or period, if you prefer). Markets do not work effectively or equably without regulation. If you think they do, then presumably you are excluding the laws which provide for the enforcement of contracts, which only exist because governments have enacted them and can only be enforced through government-funded and regulated legal systems. This may be convenient to your case, but it doesn't bear close examination. It's true that governments threaten freedoms, but they are also the last line of defence in guaranteeing freedoms. Markets don't care whether their participants are free or not, so long as money gets made somehow.
This just isnt true. Contracts are a necessity for a free market to work. This, along with the prosecution of fraud is well within the realm of government. But overregulation only hinders freedom. Government is not the last line of defense for freedom because it is government itself that is the perpetrator! Finally, markets do not care whether participants are free or not, but they are most efficient and most profitable when people have the economic freedom to spend their money in the manner they wish.