Re: Leftists knocking Friedman ?

On Sat, 16 Feb 2008 10:50:02 -0600, "John Galt"
<whoisjohngalt@[EMAIL PROTECTED]
> wrote:

>> While the very richest don't get to make
>> the massive profits we see under GOP de-regualtory and nonenforcement
>> policies, overall the stability allows most of the rest of the herd to
>> move forward to greater growth. Thus airline deregulation may allow a
>> surge of profitable small airlines for a time, in the long run we get
>> numerous failures, bankruptcies, and abandoned obligations.
>
>Personally, I see that as a necessary component of creative destruction. 
>Regulate that process too heavily and you'll end up regulating venture 
>investment and startup activity. Much has been written, for example, on
how 
>the French worker-centric job security laws inhibit start-up activity,
since 
>young businesses don't have the flexibility required during the startup 
>phase.


I don't disagree. the issue, which you put nicely is what is "too
heavily".  But it's clear from the records the US Dems have struck a
better balance on this question historically than the GOP.