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| Thread: Grexit |  This thread is pages long: 1 2 3 4 5 · «PREV |
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mvassilev
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posted July 13, 2015 06:36 PM |
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blizzardboy said:
I don't think the tyranny of radical laissez-faire doctrine, such as with Britain letting Ireland starve
That has little to do with laissez-faire anyway. The Irish had had their land taken from them by military conquest and for a long time had been restricted from buying it. The Corn Laws were also a factor, making the importation of grain more expensive. Both of those are the opposite of laissez-faire.
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artu
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My BS sensor is tingling again
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posted July 13, 2015 09:56 PM |
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Edited by artu at 23:53, 13 Jul 2015.
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Just because the situation overall wasn't perfectly laissez-faire,(it never actually is, that's a utopian or distopian expectation depending on your world view) doesn't mean the goverment's "excuse" for not providing food wasn't based on laissez-faire principles.
Charles Trevelyan:
During the height of the famine it is suggested that Trevelyan deliberately dragged his feet in disbursing direct government food and monetary aid to the Irish due to his strident belief in laissez faire economics and the free hand of the market.[3] In a letter to an Irish peer, The 1st Baron Monteagle of Brandon, a former Chancellor of the Exchequer, he described the famine as an "effective mechanism for reducing surplus population" as well as "the judgement of God"
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xerox
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posted July 13, 2015 10:34 PM |
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Edited by xerox at 22:59, 13 Jul 2015.
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Actually the Irish famine's root cause was government intervention from the start as the English seized Irish lands and destroyed the market with protectionism. That was the direct cause of the famine not the return to free trade per se. Government intervention also worsened the effects of the famine since the government created workshops/ and stuff where people spent energy on fake jobs and got infected by disease.
The British government did TOO MUCH: https://mises.org/library/what-caused-irish-potato-famine
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Fauch
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posted July 13, 2015 10:44 PM |
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xerox said:
But in a relatively free market there wouldn't have been a famine. Look at Europe today, it's unthinkable that something like that would happen
I thought we were talking about Greece? so I guess their situation isn't as bad as what I hear then?
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xerox
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posted July 13, 2015 10:53 PM |
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I was referring to famines. But what's happening to Greece is corporativism anyway and not free marker capitalism. I support it though since the European tax payers who are forced to bail Greece ought to get some resurance in return that Greek will reform its economy and not come back begging for more of other people's money.
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