Sources: The Detroit News , 
quote: Getting better fuel economy without sacrificing engine power is the current name of the game, and without the CAFE standards looming over the industry, we would NEVER see this sort of thing. Yes, there has been a slow improvement in fuel economy over the past few decades, but it has taken CAFE to get the auto makers to make fuel economy a priority.
quote: but I don't see anyone complaining that the EcoBoost versions of cars/trucks we see today are so horrible compared to the previous generations
quote: First off your premise is false. Hybrids were developed and brought to the market from a 100% private effort.
quote: That's just fundamentally wrong on so many levels.
quote: EcoBoost came out in 2009.
quote: No it isn't- there are certain things we need to to keep this economy running efficiently- power, oil, highways, food, national defense, open communication a legal framework to resolve disputes and a workforce. It sucks, but there's no good (and in some cases none) free market framework for managing many of these items well- the free market is too prone to the interests of profit to manage these in an efficient manner which promote economic growth.
quote: However, I do think regulation and government oversight is a necessity in many/most.
quote: Second, states like Israel have proven you that government run can institutions like universal health care effectively and cost efficiently without corruption.
quote: Thirdly, much of the poor management issues you cite in government can be found all over the market, from consumers to corporations.
quote: Poor management (and corruption) led to the collective failure of hedge funds, over leveraging of assets, and lending to unqualified borrowers which caused the financial crisis we just experienced (don't *you* watch the news?)
quote: You fail to recognize that many of these issues have their roots in the free market.
quote: The market lobbies to soften or eliminate regulation viewed as an impediment to immediate profit growth.
quote: The government may accept bribes and kickbacks, but it's the market who's making the bribes and kickbacks.
quote: You might even accuse the White House of making a mockery of capital structures- but GM and Chrysler failed to protect their capital structures in the first place.
quote: Yes, but capitalism is the nearly undisputed king of economics, now and since the forerunners of Adam Smith, because on the average free market actors do a less bad job then government hacks.
quote: The sub-prime market essentially did not exist until the government mandated its opening via acts like the Community Reinvestment Act, which forced banks to lend to the poor.
quote: How is that an excuse for violating property rights? ...to make the actions of the left somehow excusable.
quote: Ah! I see. Blame the moral failures on the other guy.
quote: Then highways. While we can agree roads are a necessary public good you should also be aware that its one of the most corruption-ridden areas of government procurement around the world, even in otherwise 'clean' places like government. Kick-backs abound. If someone along the line had profit-motive to keep costs under control, maybe things would turn out different?
quote: Focusing on the profit motive in the free market ignores the other side of the transaction as well
quote: free market will take his/her business to the supplier that can provide the most value for the least cost.