Thursday, October 4, 2012

Greed or Regulation?

Greed is good?
 Greed is instinctually unavoidable, and needs GOVERNMENT / Civilization’s regulation?
 "Justice is the end of government. It is the end of civil society. It ever has been and ever will be pursued until it be obtained, or until liberty be lost in the pursuit. In a society under the forms of which the stronger faction can readily unite and oppress the weaker, anarchy may as truly be said to reign as in a state of nature, where the weaker individual is not secured against the violence of the stronger; and as, in the latter state, even the stronger individuals are prompted, by the uncertainty of their condition, to submit to a government which may protect the weak as well as themselves; so, in the former state, will the more powerful factions or parties be gradually induced, by a like motive, to wish for a government which will protect all parties, the weaker as well as the more powerful. It can be little doubted that if the State of Rhode Island was separated from the Confederacy and left to itself, the insecurity of rights under the popular form of government within such narrow limits would be displayed by such reiterated oppressions of factious majorities that some power altogether independent of the people would soon be called for by the voice of the very factions whose misrule had proved the necessity of it. In the extended republic of the United States, and among the great variety of interests, parties, and sects which it embraces, a coalition of a majority of the whole society could seldom take place on any other principles than those of justice and the general good; whilst there being thus less danger to a minor from the will of a major party, there must be less pretext, also, to provide for the security of the former, by introducing into the government a will not dependent on the latter, or, in other words, a will independent of the society itself. It is no less certain than it is important, notwithstanding the contrary opinions which have been entertained, that the larger the society, provided it lie within a practical sphere, the more duly capable it will be of self-government. And happily for the republican cause, the practicable sphere may be carried to a very great extent, by a judicious modification and mixture of the federal principle. " The Federalist No. 51, The Structure of the Government Must Furnish the Proper Checks and Balances Between the Different Departments, Independent Journal, Wednesday, February 6, 1788, James Madison
 We are not ANIMALS, We are civilized. Civilization REQUIRES regulation. Private Market v Obama’s (Patient Protection and Affordable Care Act) - The Independent Payment Advisory Board,[1] or IPAB. We need regulation, trickledown economics DOES NOT WORK!!!!!

[1]The Railroad Commission Cases, 116 U.S. 307 (1886), is a United States Supreme Court case concerning the power of states to set transportation charges of railroad companies. The Court held that the fixing of freight and passenger rates in railroad tansportation was a permissible exercise of state police power.
In 1884, the legislature of Mississippi passed a statute which established a state commission with the power to impose transportation rates on private railroad companies. The companies had signed a charter contract with the state, authorizing them to set their own rates. The Farmers' Loan & Trust Company, a New York corporation, brought suit against the commission on behalf of Mobile & Ohio Railroad Company, to enjoin enforcement of the statute.