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A Glimpse at the Invisible Hand of the Market

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August 28, 2008 – Comments (4)

I love the "Invisible Hand" concept. It is the force that would solve all problems financial if the Government and Dogooders and Unions and Treehuggers would just get out of the way and let it work. It is described as the markets recognition of a need causing money to be invested to solve that need in the pursuit of profit. But frankly, it is just BS. There is no "invisible hand" magic. It does not benefit "the people". Dogooders and Unions and Treehuggers are the worlds best defense against the "invisible hand". Because in truth the "invisible hand" is the union of Gov't and Business to take from you and give to another while skimming alot for themselves and call it free markets capitalism.

Here is the "invisible hand" of T Boone Pickens at work.

The freshwater supply district gave Pickens access to low-interest bonds and to eminent domain, a government's power to compel the sale of private property for public use. Mesa Water and Mesa Power, instruments of Pickens' push to build one of the largest wind farms in the world, joined with the district to pursue right of way between the remote resources and customers in Dallas and Fort Worth.

Rep. Brandon Creighton, R-Conroe, authored changes overwhelmingly approved last session in the House and Senate allowing a property owner in a freshwater district to serve on the board. Previous law required board supervisors be registered, resident voters.

The change allowed three Pickens employees to serve as supervisors of a Roberts County Fresh Water Supply District created over land wholly owned by Pickens. Only two residents on the property voted in a November election to create the district - both work for Pickens.

So I guess the "invisible hand" will move the residents of Amarillo and Lubbock to other parts of the country after their laziness, lack of hard work, and failure to anticipate their wells running dry costs them their livelihood and the value of their property.

Or they can stand up get organized and fight.

I hope they aren't derided as activists though, because the "invisible hand" of Boone Pickens certainly is one.

4 Comments – Post Your Own

#1) On August 28, 2008 at 2:33 PM, FleaBagger (28.76) wrote:

I love how you advocate government interference in the economy by pointing to other government interference as an example of a lack of government interference. You're looney.

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#2) On August 28, 2008 at 3:16 PM, devoish (97.09) wrote:

Fleabagger!? Thanks for pointing out I did not make my point clear enough. I am pretty sure this is an example of a business interfering in Democratic government by getting a republican politician to pass laws against the will of a voting public for the benefit of one persons self interest at the expense of that voting public. Yes, in fact, I am sure it is.

Rep. Brandon Creighton, R-Conroe, authored changes overwhelmingly approved last session in the House and Senate allowing a property owner in a freshwater district to serve on the board. Previous law required board supervisors be registered, resident voters.

The change allowed three Pickens employees to serve as supervisors of a Roberts County Fresh Water Supply District created over land wholly owned by Pickens. Only two residents on the property voted in a November election to create the district - both work for Pickens

So what I am advocating for is good government, monitored by a well informed and activist public to prevent one individual (Pickens) from using the law as a tool for stealing water from under the houses of his neighbors by draining it away from the side.

Good Government was working fine in respect to water in Amorillo.

Bad Republican government and Boone came along and corrupted the voting process in attempt to acquire the right to remove water from West Texas.

Good Government and Activist homeowners went to court to prevent the removal of the water they depend on to live.

But like I said. There is no "invisible hand" at work here.

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#3) On August 28, 2008 at 3:18 PM, devoish (97.09) wrote:

Shoot. I screwed up the italics

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#4) On August 29, 2008 at 7:28 PM, FleaBagger (28.76) wrote:

I think the italics were mandatory that day. Anyway, you're wrong about how to solve the problem. As long as government has the right to interfere in everything (to help the little guy, no doubt), gov't will interfere. And if a time comes you don't like how, instead of looking at how you and your leftist forebears brought this on yourselves (and the rest of us, thanks), you blame the very economists, thinkers, and ideology that tried to stop it in the first place. You were the one trying to fudge the definition of freedom until it means whatever you like. You were the one pushing for gov't aid for the poor (which, incidentally, taxed employers and paid wealthy people to support the bureaucracy as contractors). Your policy positions cause the very outcomes you decry.

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