Which is, I think, the attitude you’re projecting on me.
To sum: I believe that markets work. But…
Markets work to acheive set goals for specific niches. Whether the sum total of markets works for all niches when combined is an open question. Governmental regulation exists, in my opinion, to ensure that no specific niche or market allows its own ‘maximization’ to trample other necessary markets.
It’s that balance that is the necessitating force in government regulation. Whether and how much regulation is necessary for that balancing force is the role of political debate as many people (perhaps all) will have answers that vary subtley or massively.
Example: I believe that, in the United States, some form or other of Nationalized Heatlh Care will develop in the next few decades. I don’t necessarily few this as a positive and many people will few it as a negative. But the political marketplace (that of the ‘will of the people’ leading to elections) will force this issue into the political arena and eventually into enactment. This will be the triumph of the political marketplace over the economic one.
In short, I’m a moderate. There is some amount of regulation of industry, lifestyle, etc, that is necessary and desired by the American people to maintain the interlocking system of markets that make up American society.
After all…it’s not like someone, in the system employed in the United States, can just wish markets away. Regulation just changes the shape of it…maybe for the better if done wisely…usually for the worse. But the fact is that the market remains.
Let me point out a few specific quibbles with your statement here:
Of course government interference can lead to market non-optimization. But is optimization the goal? In a perfect world sure. But which market and where? And there are instances where a market can be totally deregulated yet lead to train wrecks in other markets.
You use the term ‘optimizing our resources’ rather cavalierly. I find that to be a judgement value for all of us. One man’s ‘optimized resources’ is maximum value gain where another man’s might be ‘maximum arable land available for use’. Again, the differences in the interpretation of that phrase lead to the political marketplace as expressed by the voters every few years.
In short, Sam, I find your statement
to apply to your interpretation as well.