Quote:
Originally Posted by iheartthed
Government is not anymore prone to corruption than any other powerful organization. "Power corrupts" because power is literally the necessary component for corruption. The only guard that we have against corruption, whether it be by the government or private industry, is a strong system of laws.
Actually, the federal reserve has been discouraging investment in treasuries by keeping interest rates low. Interest rates over the past decade are just a fraction of what they were in the 1980s.
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What is the point of your comments? they add nothing to the discussion nor do they refute what I said.
who cares what the federal reserve is doing about interests rates now there are bonds that go back decades that doesn't change that the largest holders of those bonds are wealthy citizens and companies.
As for your corruption comment, I cant say anything more than you are incorrect. The government bureaucracy for the most part does not have to appease public sentiment as they are not elected and they are the ones in control of monitoring corruption mainly its easier for corrupt elements to hide from themselves than a corporation that is subject to legal and consumer scrutiny
Then you just have the scale argument where the federal government is vastly larger and richer than any private organization and they have the power of the monopoly of force. Companies cant do the kinds of things governments can do like imprison people, eminent domain,use deadly force etc.
As a matter of scale alone, going off your assertion, that makes the state more likely ans susceptible to corruption than any private organization.