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Old 06-13-2007
liberty1776 liberty1776 is offline
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Re: Economic theory and politics.

Quote:
Originally Posted by Luap View Post
Governments have played a role in establishing or protecting monopolies and cartels, true. But what about businesses that provide essential utilities? You seem like an absolute laissez-faire capitalist, so I have to ask: what about the poorest people in the Third World that are finding their water and electricity privatized and themselves unable to pay for these essential services? Just tell them to toughen up and wait for competition to develop?
I don't really know enough about the third world countries to speak to this very well. But I can guess at a few things. First, I know that there are oppressive dictatorships in a lot of third world countries. This would seem to support my argument. Second, when you say 'prvitized' what do you mean? Have they actually been prvitized? Third, if they are truly prvitized, what is the problem that is keeping them from getting water?
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