Posted On: August 23, 2007, 8:24 am CDT

Posted By: gimme shelter

"so are you saying we should abolish the government and live in an anarchistic society ?

A truly free market will fix itself. The unscrupulous lenders and moronic borrowers will no longer be able to act the way they did....leaving the sensible customers for the well intentioned businesses."

To answer your first question: I'm advocating a voluntary society wherein all interaction between people is done without resorting to violence or the threat thereof. By definition, this would mean the elimination of the state (and I hope you understand that by "state" I don't mean the "state of Missouri," or the "state of California," etc. but rather the more accurate definition: that group of men and women who claim and enforce a monopoly of violence over a given geographic area. In today's world, this is synonymous with the word "government," although it is possible to have voluntary governments, e.g., a homeowner's association, etc.)

Secondly, your second paragraph appears to vindicate my earlier statements: that a truly free market can not exist in the presence of government because government personnel and those who control them (i.e., the ultra wealthy) will always, always, attempt to (and in most cases succeed) interfere in the markets to divert wealth and power to themselves and the only way they can do this is through "laws," regulations, the "courts," etc. That's why the biggest supporters of regulations are very big businesses: because they have the resources to comply with them, while the small businesses do not and must either be absorbed by the big businesses or go out of business, thus leaving less competition for the big businesses.