Monday, May 12, 2014

"Free market" is a euphemism for market anarchy.

"Free market" is a euphemism for market anarchy. It’s lawless. There’s no accountability and no penalties.

We saw this when California loosened energy regulations, which led to the California electricity crisis: The worst power crisis in history. Companies caused rolling blackouts to drive up the cost of electricity. Without regulations, they were free. Free to put their responsibility to the public second to their responsibility to shareholders.

We saw this when the Fed loosened financial sector regulations and kept derivatives completely unregulated, which led to fraud on a massive scale and consequently the Global Financial Crisis and the Great Recession. Tens of millions of people lost their savings, homes, and jobs. Only Iceland’s government held their bankers responsible. Everywhere else, those responsible got away with it because there were no laws saying they couldn’t.

And we’re seeing it happen again as the FCC is loosening regulations. They’re granting internet companies greater self-regulation and “freedom”. Freedom from liability. Freedom to fuck their customers over. Except for the wealthiest customers, of course. Because in a market, votes are cast with dollars.

The wealthy already have too much power over the economy. Why grant them more?

If you don't believe in human rights for criminals, you don't believe in human rights.

A moral measure of society is how it treats those of the lowest status. In the US, that's criminals. As much as we might want to see them as monsters or demons or evil incarnate, they're human.

Compassion should be unconditional. Crimes against incarcerated criminals are still crimes. Yet they're largely omitted from the news, public discourse, and most importantly the justice system. Rapists are sent to prison only to continue to rape inmates with largely no consequences. That's backwards.

Human rights is essential to ethics. It's abhorrent that people condone suffering, whatever the crime. That's vengeance, glorified in movies, but ultimately petty. That's a "two wrongs make a right" mentality. Taking satisfaction in another's misery is the definition of sadism.

Ignoring basic human rights is shameful and ignorant because it's nothing more than a hateful and contemptuous emotional reaction. There's no logic or reason to it. It serves no higher purpose. Nothing of practical or moral value is accomplished by violating human rights.

Prisons are supposed to be correctional. A punitive system doesn't work. Capital punishment doesn't deter murder. Longer sentences actually increase recidivism. Of course, for the safety of the public, lock criminals up. But treat them like the human beings they are.

Further reading:

Credit to Noam Chomsky for formulating a similar idea about free speech: “If we don't believe in freedom of expression for people we despise, we don't believe in it at all.”

Update: A friend alerted me to this Dostoevsky quote: "The degree of civilization in a society can be judged by entering its prisons."