Chingo De Dinero

If you have read anything else I have written, it doesn’t take long to realize I like capitalism, and think it is soooooooooo much better than any other economic structure.

The one thing that always gets me, and is capitalisms one weakness is commons. When I say commons, I mean the air, water, roads, basically everything that isn’t really owned, but is used by everyone. How do we all maximize ourselves, while still thinking about other people, very hard to do. But, it can be done, you just have to be creative, and create some kind of competitive environment to self-regulate it.

The best place to look at examples is telephones and power. Companies are given monopolies over the telephone system, or power, which are kind of quasi-commons. I wish I had some success stories, but even the good news I hear isn’t so good. It always goes back to government control…which in a Democracy I add is somewhat market driven (at least compared to other forms of government).

Another good example of trying to solve the problem of the commons is carbon trading. Make it a market, where it will result in the best actions taken, without the government telling what the best actions are.

If you can solve this problem, I am sure you will win a Nobel Peace Prize, and everyone can start using a Laissez-Faire system. On that note, I do think the only downfall to Laissez-Faire is the commons, the other issues, which are somewhat related to commons, bank regulation and all of that, and not a real weakness, and do not need government intervention. Also, it is a French word, automatic minus 10 points.

Although it is a big issue to solve, it can be done, maybe not directly, but in workarounds. The best example that I have is the telephone. So, we have these monopolies, which are highly regulated, and not a typical capitalistic thing. BAM, here comes the cell phone, everything has changed. It is a very competitive market, and no more issue with the quasi-commons telephone issue. Check, Check-mate!!!