A Quote by Robert Reich
The 'free market' is the product of laws and rules continuously emanating from legislatures, executive departments, and courts.
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As an Asst. Secretary of State, I often urged authoritarian governments around the world not to use emergency powers to defy their legislatures, courts, and laws.
In America, we divide federal power between the legislative, executive and judicial branches so that no one holds too much power. This is sixth-grade civics: Congress writes the laws; the president executes the laws; and the courts apply those laws fairly and dispassionately to cases.
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
We want to create the purely organic building, boldly emanating its inner laws, free of untruths or ornamentation.
Women administer the home. They set the rules, enforce them, mete out justice for violations. Thus, like Congress, they legislate; like the Executive, they administer; like the courts, they interpret the rules. It is an ideal experience for politics.
We have seen that the tendency of republican governments is to an aggrandizement of the legislative at the expense of the other departments. The appeals to the people, therefore, would usually be made by the executive and judiciary departments.
It equally proves, that though individual oppression may now and then proceed from the courts of justice, the general liberty of the people can never be endangered from that quarter; I mean so long as the judiciary remains truly distinct from both the legislature and the Executive. For I agree, that "there is no liberty, if the power of judging be not separated from the legislative and executive powers." And it proves, in the last place, that as liberty can have nothing to fear from the judiciary alone, but would have every thing to fear from its union with either of the other departments.
Born in other countries, yet believing you could be happy in this, our laws acknowledge, as they should do, your right to join us in society, conforming, as I doubt not you will do, to our established rules. That these rules shall be as equal as prudential considerations will admit, will certainly be the aim of our legislatures, general and particular.
People assume that the executive branch has more power than it actually has. Only the legislative branch can create the laws; the executive branch cannot create the laws. So, if the executive branch tries to create a branch one side or the other... you go back to the founders of the nation. They set up a system that ensures that it doesn't happen.
But we do have confidence in our institutions. We are not Russia. We have an executive that is constrained. We have a legislature that is real. We have a press that is free. We have courts that are independent. This is not Russia.
Personally, I always find it especially piquant when cultural conservatives, usually quick to profess their devotion to the Free Market, rail against the success in said market of some product of which they disapprove.
I have a wealth of experience, not only as a senior executive in different departments in the city, but I've also, in my private practice life, helped small businesses, middle-market businesses really try to navigate the sometimes difficult world of city government.
After Brexit, the E.U. will no longer legislate for us. All laws will be passed by the U.K. parliament and the devolved legislatures. Parliament will be truly sovereign, with the freedom to accept or reject any new rules.
The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.
Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
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