Limits

There are two main purposes for any government. One is to provide group security. The second is to maintain social stability. If either fails, government change will occur .

A new book by Phil Gramm claims government should avoid all economic interaction. Like most capitalist visionaries, he certainly does NOT mean that government should not protect property or enforce contracts. Capitalism, after all, requires a certain amount of coercion .

Most of us have come to agree that free enterprise competition, “within limits” is the best economic system. Yet even fervent capitalists agree that monopoly – a natural tendency of successful business – is hardly free enterprise. ONE fruit seller in the market is not the way to better product and lower prices .

But the second purpose of government is what is in question right now. How many limits (“regulations, taxes”) should be placed on capitalistic enterprises to assure security continues? Zoning laws, poverty relief, public spaces, protection of natural resources (air, water) and on and on. It’s not as simple as the narrow-minded ivory tower economists pretend .

Many of us believe that in the modern world of abundance, a certain minimum level of lifestyle should be provided to all adults and a high lifestyle to all children. Not doing so is not only immorally mean, but also a danger to our civilization itself .