WhoWee said:
What is the incentive for the workers to injure or cheat consumers?
The money that can be made off of doing so. Ever heard of con artists? They practice capitalism, though very dishonest capitalism.
As to business nastiness, have you ever heard of the
frog wars? These were battles between railroad companies as they expanded outward in the 19th cy. US. They'd get their employees to fight the employees of rival companies.
Also consider organized crime. Many criminal gangsters are involved with various businesses, often businesses frowned upon by those pesky governments, like drug dealing, gambling, ...
It's certainly possible to be a good capitalist, and one should respect anyone who tries to be one. But there being good capitalists does not stop there from being bad capitalists.
mheslep said:
Your assertion here is the cliche, that somehow companies, they are 'bad', and government, made up of the same corruptible human beings, is somehow 'good', despite ample evidence that government officials lie, cheat, and steal continuously. And you contend that anyone that doesn't accept your assertion is blind or naive?
Government regulators usually don't have a profit motive behind their activities. I'm not saying that they are necessarily incorruptible. Cops and judges are not incorruptible, but does that mean that we ought to disband police forces and judiciary systems? Government regulation of business can be interpreted as part of the police powers of government.
mheslep said:
Who says they do? Are they held there at gunpoint?
They might as well be. Imagine that your only chance of employment was to work in a government agency, enforcing regulations that you dislike. What would you decide?
mheslep said:
My contention is not to eliminate regulations, but to show that regulations have a cost to them just as market failures do, that they are implemented by the same fallible people (probably more power hungry), that they have all kinds of unintended and possibly deadly consequences, and that there is nothing defacto noble about regulation.
Perpetually wringing one's hands about unintended consequences doesn't prove anything. If one was to perpetually worry about unintended consequences, then one will end up frozen with indecision.
mheslep said:
It is certainly true that many of the most grievous and massive environment damage in the world was done by the former Soviet government.
It was the one and only legal business in the Soviet Union. Furthermore, Ayn Rand hated environmentalism, and I'm sure that she would have applauded that devastation as humanity's conquest of nature.
mheslep said:
What's the resolution in that particular fish market case? Have the government hire that fish market operator and have him run the government fish bureau?
No, to do what cops and judges are supposed to do.