Drawing a line.
Posted by Laddius_Maximus 12 years, 2 months ago to Business
So as I understand it, Ayn Rand advocated small government and having them stay completely out of business. Laissez-faire? Or do I have the wrong idea. This would foster more competition and bring down prices for all. But doesn't this idea only work if the corporations are ethical? If they always do the right thing? I don't mean social ethics but in terms of not polluting the environment,(BP) or making food that makes us sick. (monsanto) How do you make sure these companies operate as they are supposed to? I know I'm not phrasing this question correctly because I feel government should shrink and get the hell out of the way, but where does the line get drawn? Where does regulation and oversight become infringement and collusion?
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Hmmm...sounds like a huge stretch. The algorithm for making a peanut butter and jelly sandwich has a more complex flowchart than what you are providing.
I would suggest you provide details and the flow from the point a company makes an "unethical" (define your version of ethics first) decision and how that tracks to its inability to survive.
The definition of ethics you are purporting in Ayn Rand's world logically leads Objectivists right back to the subjectivism they are often (not always) seeking to avoid. Here is the false premise you are using: you are making the assumption that the collective ethics of those involved in competing would somehow be rather homogenous, when in fact, they could swing from moment to moment, depending on what that company's values dictate moment to moment; and you absolutely cannot argue that a company's value cannot change.
At the end (and I am not saying from where this would originate), you need a set of rules that doesn't deviate and that would only come from a source external to those required to abide by them, else they could easily change based on values of the players.
I think the failure of capitalism to be realized as the most amazing economic structure ever has nothing to do with whether or not big business is ethical, but instead, capitalism fails when there is an absence of consumer-driven action to put money in what truly has value. Do we complain about the evils of a big name oil company while filling up our gas tanks and buying their products at their stations? Whatever gave us the idea that it is our duty or responsibility to make a company ethical? Doesn’t it make more sense to go out and find an ethical company to begin with and spend our time and money with and on them? The problem with us, the consumers, is that we lack the determination to do whatever is necessary to spend every dollar wisely. Instead, we spend easy and complain, allowing our government (which is looking for it’s own customers to exploit) to have an excuse to step in. We can make more ethical companies competitive and powerful by valuing them with our business. I believe in getting selfish. Get your dollar’s worth every time.
The executive order doesn't really cover "franken-food" hate the term and happy to debate it-after you watch all the Penn and Teller Bull Shit episodes on it- lol.
This exec order(which I do not agree with) covers contracts. Here's how that works. A farmer contracts for genetically modified seeds. The company offering the seeds, has stipulations. If the farmer does not like the stipulations, DO NOT CONTRACT. plant another type of seed. Well, turns out the farmer really wants that seed to compete. hmmmm. what to do, what to do... you can fill in the rest of the picture. One may not strong arm Hank Rearden to give up his metal because YOU need it to compete.
do well
If a business doesn't deliver promised goods in exchange for money, the courts need to be involved. If a business destroys another's property, the courts need to be involved.
It's not all on the business, either. The individual can also wrong a business in the same ways.
Laissez-faire doesn't mean government will turn a blind eye to business or individual misbehavior. However, and this is my 2C, it means all the actors have the freedom to behave as they want, and courts will be the arbiters to judge the behavior after it happens.
When you use terms like "make sure companies operate as they are supposed to", it makes me think of the legislature sitting in a room asking themselves how they want the companies to behave, and then passing laws to ensure the companies comply with their wishes.
The offence is when government tries to preempt certain outcomes by denying businesses the freedom to act as they wish.
I need to study up on Laissez-faire more, myself. I could be misrepresenting the position.
Enforce natural rights and get rid of fascism/crony capitalism.
I've yet to run into one small business, raising capital without govt benefit, not using a black market or intimidation, keep customers and grow that is crappy.
Have you?
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