Quote:
Originally Posted by ijusluvit
T Perhaps not. The free market will theoretically prevent BP from raising their price significantly, no longer making them competitive. That is unless they conspire with their competitors and they all raise their prices. Here's where it gets tricky.
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Have you been seeing too many black helicopters recently? Conspiracy theorists are almost always wrong. The free market is not out to get you, however we have seen abuses, normally by government. The example that comes to mind is the placement of a 'sales' tax on medical device makers that our government has told us will ad $30 billion of income to Obamacare while resulting in no impact on the other side of the ledger. Obviously, that's unrealistic.
When looking at a situation where we may see the need for bigger government, I go back to Thomas Jefferson's wisdom - "When the government fears the citizens, there is liberty but when the citizens fear the government, there is tyranny." IMHO the government already controls too much. Be careful what you wish for.