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[Pen-l] Taxation/Regulation = Nationalization? [was: "Has Barack Obama's presidency already failed?"]
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: [Pen-l] Taxation/Regulation = Nationalization? [was: "Has Barack Obama's presidency already failed?"]
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Fri, 13 Feb 2009 08:34:38 -0800
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Max Sawicky wrote:
> Strong taxation plus regulation of a firm/industry at some level
> relative to nationalization is a distinction without a difference, or
> a difference in quantity rather than quality.
Regulation can be "captured" by the industry being regulated, as with
the FCC. On the other hand, a nationalized company might be captured
by its government-appointed bureaucrats. The key thing, I guess, is
popular pressure to countervail the influence of the big-money people
and the insiders.
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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- Thread context:
- Re: [Pen-l] Obama's speech [was: "Has Barack Obama's presidency already failed?"], (continued)
- Re: [Pen-l] "Has Barack Obama's presidency already failed?",
Waistline2 Fri 13 Feb 2009, 16:07 GMT
- [Pen-l] Taxation/Regulation = Nationalization? [was: "Has Barack Obama's presidency already failed?"],
Jim Devine Fri 13 Feb 2009, 16:06 GMT
- [Pen-l] Obama administartion supports secrecy.,
ken hanly Fri 13 Feb 2009, 14:44 GMT
- [Pen-l] Sorry,
Charles Brown Fri 13 Feb 2009, 01:47 GMT
- [Pen-l] "Has Barack Obamaâs presidency already failed?",
Charles Brown Fri 13 Feb 2009, 01:37 GMT
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