Thursday, April 25, 2013

All the way with EPA

If sacrosanct Private Enterprise works so well all the time, why did it take Dwight Eisenhower's personal intervention to get the Interstate Highway System off the ground? The Free Enterprise System (a total misnomer; it's neither free nor a system - more like a patchwork) wasn't ever going to get those roads constructed. If "Free Markets" are ALWAYS so blasted successful in the realm of public transportation, why did privately-owned passenger rail go bankrupt just before the "Gub'mint" stepped in and created Amtrak? (Pennsylvania Road, for instance; it filed for bankruptcy June 21, 1970). Why did Chrysler get government bailouts in 1979 and again in 2008-2009? Why did GM also need to be rescued by taxpayers four years ago? And I seriously doubt it was the good will of America's greed-obsessed CEOs, ratther than a vigorous regulatory regime (EPA established by Nixon, 1970) coupled with decades of de-industrialization, that changed the look and smell of the skies over our big cities. http://www.motherjones.com/blue-marble/2011/12/smog-photos-1970s-america

1 comment:

  1. Another instance where the "Free Market" failed, and the government had to step in: http://en.wikipedia.org/wiki/Rural_Electrification_Act

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