Quote:
Originally Posted by aceventura3
I somewhat fall into this category for a number of reasons. One being that the perception of a regulated market often gives people a false sense of security and results in them taking on too much risk.
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The "sense of security" is far less false with reasonable regulations that prevent or minimize:
unsafe working conditions and unethical treatment of workers
environmental degradation
unsafe products making their way into the marketplace
unsavory or corrupt business practices (like tearing down the wall between commercial and investment banking)
than without such regulations.
The "invisible hand" equates the bottom line with the public good...and we know from experience since the industrial revolution that that is not the case.
Particularly if free marketeers have their way with deregulation...while at the same time demanding tort reform, even further limiting the rights of the public to legal redress.
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Talk to the Invisible Hand
by Max and the Marginalized:
Quote:
Invisible hand, invisible hand, a magic trick that I don't understand
Watching its fist contract and expand with every jaw it breaks open
I might be a cynic but I think you'll agree, I can't put my trust in a thing I can't see
Invisible hand, i bow down to thee cause I don't want mine to get broken
When the invisible hand of the marketplace plants a punch right on your face
All the fools who once embraced it will let it pull them right under
When the invisible eyes of oversight fall asleep in broad daylight
Just drop the shades and kill the lights and leave them soundly in slumber
So keep your head afloat, and talk to the invisible hand 'til it slits your throat
Invisible hand, invisible hand, tickling away at supply and demand
Sprinkling imbalance across the land and thumbing its nose at resistance
Scratching the backs of the dry cleaner set, until they start begging to buy off the debt
If that's self-correction, let's come correct, I can't stretch all that distance
When the invisible hand of the marketplace plants a punch right on your face
All the fools who once embraced it will let it pull them right under
When the invisible eyes of oversight fall asleep in broad daylight
Just drop the shades and kill the lights and leave them soundly in slumber
So keep your head afloat, and talk to the invisible hand 'til it slits your throat
When the invisible hand of the market share flips it's finger in the air
And turns around and pinkie swears that it never knew what was coming
Invisible targets are easy to miss when they scurry off with a slap on the wrist
So how many more 'til we tire of this
And resolve to burn them with something more than a gift and a reprimand
It's time that we had a talk with the invisible hand
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Listen here:
Talk to the Invisible Hand (number 58)