Thank you for stopping by for a visit. You are invited to read and comment on anything posted on this blog. I advocate the maximum amount of Personal and Economic Liberty, consistent with the defense of individual rights. I am fiscally conservative yet socially tolerant, I favor lower taxes, free trade, individual rights, strong national defense and limited government. I subscribe to the Freedom Fighters Creed: I am an American Patriot, defender of the Constitution, First Principles and Essential Liberty.

I believe that buried deep down inside every Conservative you'll find a Libertarian - And Inside Every Liberal Is A Totalitarian Screaming To Get Out.

"One of the penalties of refusing to participate in politics is that you end up being governed by your inferiors" - Plato

FYI any crude or vulgar comments will be removed from the blog.

Saturday, October 29, 2011

Competition and the Constitution

Is there too much or too little competition in American life? Does competition promote growth and progress, or selfishness and inequality? Is it fair and efficient, or does it merely let the strong prey on the weak? And what is the alternative? Can competition be tamed and improved by government and union power, or is that a recipe for lethargy and self-dealing?

These questions lie at the heart of today's policy debates over reviving the economy, restructuring the financial system, regulating energy production, and reforming health care, education, and pensions. Each debate is cast in terms of the desirability of some particular government intervention intended to pursue broad goals like economic growth, financial stability, retirement security, or access to medical care or schooling. In each case, though, an essential and prominent feature of the proposed intervention is the suppression of competition.

It is fitting that the question of competition should underlie so many of our policy debates, because the principle of competition underlies our political order. In America, political leaders are held accountable, and their power is limited, through competitive elections. For the same purposes, our government is organized through institutional competition among the three federal branches and among the federal and state governments. The First Amendment decrees a system of intellectual laissez faire in which ideas compete for influence and acceptance. And the whole structure supports and regulates an economy premised on open competition.CONTINUE READING

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