Thread: Reaganomics is a failed policy.

Well okay. If none of that ever happened in America then I guess you get to keep your religion. I'd think anyone who's had history class in elementary school is aware that there have been periods in American history where a wealthy few cornered the market on vital resources in their areas, and exploited the population relentlessly. Most of us are aware that there was a time in America when children were forced to work in hazardous positions, ungodly hours, or face extinction.

Feet? So you want them to walk out of the hills of Pennsylvania? And where are they going again? Oh, right: fantasyland. Or maybe the next town down the road where the next rich guy owns all the coal mines and all the boarding houses and the general store.

The individuals who sought to exploit their countrymen (and women and children) succeeded often enough, at least for a time. And when they ultimately were stopped, it was often enough by people who had reached their breaking point, and opted to take matters into their own hands. They did this because the law had little choice but to support the entirely legal behavior of these human leeches, given the legal and social climate of the times.

Which was, of course, a largely unregulated economy which reckoned business according to Darwin's theories regarding the survival of the fit.

Originally Posted by splansing

So you're saying that a person of immense wealth can't exercise power over those around him. He can't buy up the available housing

If the seller agrees to the price.

and use the threat of eviction against his employees.

Why would he want to do that and where in this country that we have masses of people housed by their employer who is in any such position?

He can't buy up resources that people around him need and coerce them into doing whatever he wants.

What would prevent someone else from bringing more resources in since you have such a demand for those resources?

He can't pool his resources with his rich buddies and effectively destroy all competition

No, that's illegal and besides some other buddies will pool their resources and try to "destroy" them at the same time.

What economic system has ever provided more for more people than the one we have right here?

No, that's illegal and besides some other buddies will pool their resources and try to "destroy" them at the same time.

Right. It's illegal. It has to be or it would happen. In fact, it did happen prior to anti-trust laws and precedents that made it illegal.

Thanks for your support.