Please go to updated essay
which Demand Intelligent Government
- The Free
Market Economy self-organizes a prosperous mutually beneficial system by
simply allowing the individuals comprising the society (people and
corporations) to maximize their pleasure and minimize their pain. Allowing individual
self-determination has proven the most successful model to create a
Republican philosophy of government has embraced allowing
the market to regulate itself.
- Adam Smith's invisible hand has proven to
produce the most prosperous nation on earth
- The reason for this exceptional success is
- A market which allows personal effort to
produce personal reward results in a sense of control, power,
- The human heart has unlimited wants.
Some feel that drive more than others. Those driven
by the desire for more wealth can engage and satisfy that desire in
- The Free Market may be self correcting in the
long term, but it does not inherently fine tune itself.
But, if the
market is properly directed toward ecologically sound and progressive
technology then the market needs little
- However, if
unregulated by righteous law, the market may engage in excessive
- The pure economic competition and
profit motivation can result in industry/business engaging in
practices with damaging cumulative effects.
- Such practices include pollution,
monopoly, and marketing low quality or dangerous products.
- These behaviors are the
economic/social equivalents of disease states.
regulation of economic business practices by government levels the
playing field so that unfair advantage is not given to a corporation
willing to take the road of deception and collateral damage (e.g.
requirement to deliver short-term profitability may limit the ability of
the corporate world to address long-term threats such as global warming
and depletion of resources.
Thus, governmental oversight, regulation, and enforcement may be
required to curb the appetites and conduct of the corporate
may not switch to a new technology (that makes their installed
production base obsolete) while still heavily invested in a current
technology. They may desire
to continue business as usual, capitalizing on their market share. They may wish to fully
depreciate their investment in an established technology and/or natural
resources before transitioning into a new technology. Profitability is far more
certain while engaging in an established market rather than
attempting to penetrate and survive in a new, less proven market.
- In other
words, without the wisdom and far reaching vision of an organizing
directive, an economically protected social system can delay
implementing new technologies.
Therefore, I believe it is necessary for the government to take
the leadership in directing resources and effort into developing
inexpensive, reliable, and plentiful utilization of solar, wind, biomass
energy generation systems; hydrogen-fuel cell transportation systems;
and solar/geothermal/electrical desalinization technology.
- When the
technology has matured sufficiently, industry may begin to implement
these technologies. Tax
incentives may be necessary to nourish and encourage these fledgling
implementation of this technology may take many years due to the scope
of the infrastructure installation required to produce a fully
functioning hydrogen-fuel cell based transportation