Take utilities, for instance. More seriously, phone deregulation has opened up the flood gates for fraud, and I expect further deregulation in other utility sectors to do the same. I am not arguing in favor of Communism and against all competition. Considering that people do not behave so rationally as economists would like, the free market functions awfully well. Even though the custodial staff cleans the kitchens every weekday, a kitchen must be cleaned more often than once a day to be properly maintained.
Ownership is no guarantee of stewardship either.
I am only arguing that, in light of all the evidence of shortcomings in the so-called conservative economic philosophy that currently enjoys almost universal acceptance, we should not write off liberalism as irrelevant or dead. All contents of this site are 1998-99 by the New University Newspaper. Reproduction in any way is prohibited unless express written consent is first obtained.