Market Failure is a White Lie?

November 11, 2020 (to be updated); November 13, 2020; November 21, 2020; November 22, 2020

by Daniel J Arthur

We keep hearing a lot of fear mongering by the Republican Party also known as the GOP and its supporters that the Democratic Party is a bunch of left wing socialists. They tell what they think of as white lies, but in reality are outright misrepresentations of the truth or false allegations. The GOP has been using these lies to scare many ignorant Americans into voting against good common sense policy.

You will hear a lot about free enterprise and competition and the market economy being the savior of mankind. That’s a bunch of manure going to waste. I don’t know many people, Democrats or otherwise, that are against private enterprise or what we often just call business. In fact, I know of no one personally who is against private ownership controlling business. These Democrats and Republicans that I know are capitalists and not socialists.

Now we don’t just have businesses doing their thing totally independent of the government. I don’t know of anyplace that runs just on a pure market economy. Can you guess why? Because in almost every instance there is some kind of market failure. It is natural for markets to fail, and they don’t adjust very well on their own. Why is that? Because when there is market failure the situation tends to get out of control and causes harm to individuals and/or things.

Nations the world over and for thousands of years have been struggling with these issues of market failure and how to deal with them. Governments of many kinds have been invented and have evolved from dictatorships like kings to all kinds of more inclusive democratic organizations of government. Basically, these governments deal with market failures.

What are some kinds of market failures that we typically think of as governmental goods and services? Personal and community safety, defining ownership, personal and community health, defining and protecting property rights, personal and community education, information, power, trade facilitation, environment, religion, culture, diversity, and much more. Can you imagine businesses trying to broker these goods and services? Probably not, and it would not eliminate the market failures.

How do we deal with these market failures? We either have the government provide the primary goods and services like currency, law enforcement and public schooling or we have government regulate the activities like environmental, public health and banking and securities regulations.

What are a few of the many, many market failures in the world of free enterprise? There is not likely to be a market that is without failure. A common example of a market failure is where a polluter, like a coal burning power plant or fracking operation, will just continue polluting the air and/or water without refraining without some kind of intervention from a third party like a government body. Why? Because the resource, air or water in this example, is freely available to deposit harmful and unwanted by-products of the operation. As a consumer or person using air and water, I want it to be very clean so that I may enjoy it and not be harmed by the pollutants. Most often the consumer has little to no power on their own to undo the polluting.

So, instead of foul air and water, which many in the current GOP don’t recognize as a problem, a government regulatory body like the EPA or a state or local environmental agency will set standards, monitor and modify a polluters behavior with fines or imprisonment to maintain what is considered to be a reasonable natural resource quality. Without regulation, we would end up with a ruined environment.

Another common example of market failure is when a company becomes too large a player. Many of you have heard of monopolies and maybe oligopolies that are huge and dominate a market. This creates a situation that is far, far from free enterprise or perfect competition. The monopolist can set their own price to maximize profits, produce much less than the consumers desire, and reduce quality at a whim. In these situations we have learned that we need government regulation to help gain better pricing for individuals and business organizations, ensure output meets demand needs and that quality is maintained.

Yes, government intervention can be excessive at times, but it recent years or decades there has not been enough government regulation to offset the market failure franchises in so many industries like pharmaceuticals, energy and housing. Therefore, often the business or misnamed free enterprise is able to charge consumers too much, not provide enough goods and services and pollute much more than is desired.

Remember these are but a few examples of the welfare for the super wealthy and corporations of the world. Do you see, too little regulating and intervention of market failure leads to the individual being harmed and exploited? The Republicans aka GOP have been leveraging transfers of wealth from individuals of usual means and less to those that can unduly influence our regulatory and intervention agencies.

These examples show how a modern society can actually make adjustments to the business world to ensure a more fair society with more competition and a place for all. However, the people calling themselves conservatives in America, members of the GOP or Republican Party, have been using their power to harm most Americans when there is market failure. In fact, they have been practicing socialism for the wealthy by encouraging huge transfers of wealth from 90% of Americans to the wealthiest. The amounts are in the trillions of dollars, and, in addition, includes terrible environmental and health outcomes as well.

Not mitigating market failures by a government with jurisdiction is in essence socialism. It is socialism for the wealthy as the wealth of the least economically capable will flow to the most economically capable. Is that fair? Desirable?

Stories to enjoy with your family and friends

April 6, 2020

A great activity to do with your family and friends while staying home and staying safe is to ready books and share your thoughts with one another.  I believe the books I’ve written will help you have hours of enjoyment.  Please check them out.  I welcome your input.

Young Hearts - Three Stories for Youth and All Book One Cover - great stories for discussion and hope
Great children’s stories by Daniel J Arthur

 

Link to children’s stories introduction video.

Tumblr link:  Young Hearts – Wonderful Children’s Stories

Daniel J Arthur Books

BWF All England Open Superseries 2017 results

March 12, 2017

The 2017 BWF All England Open Superseries badminton tournament was a big success this past week. There were some tremendous individual and team efforts in all five events – women’s singles, men’s singles, women’s doubles, mens doubles, and mixed doubles. It is worth watching matches on demand on YouTube especially as presented by badmintonworld.tv.

The champions were as follows:

Tai Tzu Ying, Chinese Taipei, Women’s Singles

Lee Chong Wei, Malaysia, Men’s Singles

Chang Ye Na and Lee So Hee, South Korea, Women’s Doubles

Marcus Fernaldi Gideon and Kevin Sanjaya Sukamuljo, Indonesia, Men’s Doubles

Lu Kai and Huang Yaqiong, China, Mixed Doubles

There were many wonderful performances that I hope to be able to report on, but feel free to check on those videos available on YouTube and elsewhere.

March badminton news: Dave Freeman and the All-England

March 5, 2017

I’m back from San Diego and the 60th Annual Dave Freeman Badminton Tournament for players from youth to elders, even top level national team participants. Although I had limited success at the C level, I enjoyed many aspects of this event, named after one of the best, if not the best, USA players ever – Dave Freeman.

The level of play at this tournament was fantastic for amateur players. The winners of the A level events were eligible for a nice cash prize, and I believe many of them would be competitive now close to the Superseries level. For instance, the Xu twins, winners of the Women’s Doubles event, looked ready to test their skills at international tournaments, and I wouldn’t be surprised to see them ranked in the top 20 within a few years. They deserve a chance to get out there and try their luck. These top USA players need some coaches to travel with them. Do we have the resources to support them?

After a few BWF Grand Prix Gold tournaments including the recent Yonex German Open, it’s time now for the Superseries to begin with the Yonex All England 2017. Qualifying starts on Tuesday for the Superseries events with the Finals scheduled for next Sunday, March 12th. Fans are looking forward to seeing all the highest ranked players competing for this first big title of the year. And, it should be an exciting year with fantastic new doubles teams and singles players. Get ready to go on YouTube and find BWF BadmintonWorld.tv for the best coverage beginning with the round of 16 on Thursday, March 9th – live or on demand (begins at 4:00 AM P.S.T in the USA).

Top badminton players and their chosen rackets – 2016

dja Badminton

Top badminton players and their chosen rackets

by Daniel A. Jones

It’s been a very interesting year in professional badminton with veterans and youngsters both having amazing campaigns. I have been impressed by so many performances of the top ranked singles players and doubles teams. Badminton World Federation has done an outstanding job of promoting the best sport on Earth – a healthy activity for your lifetime. I will write about the various tournaments and individual accomplishments throughout the 2017 season.

For now I want to introduce just a few of the top players for 2017, and I will list some of the current badminton rackets used by many of these players. These are rackets I have found that they have used in the 2016 season from either the racket maker or BWF as the main sources. Of course, many of the pros will change models for 2017.

Up and coming men’s and women’s players in doubles and singles –
CHEN Qingchen
Jhe-huei LEE
Yang LEE
Beiwen ZHANG

Top singles players –
TAI Tzu Ying
LEE Chong Wei
CHEN Long
Ratchanok INTANON
Jan O. Jorgensen

Top doubles players –
ZHANG Nan
CHEN Qingchen
Wee Kiong TAN
Misaki MATSUTOMO
Kevin Sanjaya SUKAMULJO
Keigo SONODA
KO Sung Hyun

Rackets used by selected professional badminton players –

Jan O. JORGENSEN
Yonex Voltric 80 E-tune

LEE Chong Wei
Yonex Duora 10

Markus Fernaldi GIDEON
Victor MX90

Kevin Sanjaya SUKAMULJO
Victor Jetspeed S 10

Wee Kiong TAN
Victor Jetspeed S 10

TAI Tzu Ying
Victor TI99, formerly Hypermano X 800

Carolina MARIN
Yonex Nanoray Z-Speed

NG Ka Long Angus
Victor TK8000

Akane YAMAGUCHI
Yonex Voltric 70 E-tune

Liliyana NATSIR
Victor JS 8 S Natsir L

Tontowi AHMAD
Victor JS S8 PS

SUNG Ji Hyun
Victor JS-8 ST and Victor Brave Sword 12 (per BWF profile)

SON Wan Ho
Victor Hypermano X 800

YOO Yeon Seong
Victor Brave Sword 12

Christinna PEDERSEN
Yonex Nanoray 800

Saina NEHWAL
Yonex Nanoray 900

Marc ZWIEBLER
Yonex Voltric 70 E-tune
Yonex Arcsaber 11

Mathias BOE
Yonex Duora 10

Carsten MOGENSEN
Yonex Duora 10

Mohammad AHSAN
Yonex Nanoray 900

Victor AXELSEN
Yonex Arcsaber 11

CHOU Tien Chen
Yonex Duora 10

Tommy SUGIARTO
Yonex Voltric 80 E-tune

KIDAMBI Srikanth
Yonex Voltric Z –Force II

Ratchanok INTANON
Yonex Voltric 70 E-tune

PUSARLA V. Sindhu
Yonex Voltric Z –Force II

Greysia POLII
Yonex Nanoray 900

Nitya Krishinda MAHESWARI
Yonex Nanoray GianZ

Chris ADCOCK
Yonex Voltric Z –Force II

Gabrielle ADCOCK
Yonex Voltric Z –Force II

Peter GADE
Yonex Voltric 80 E-tune

Tanongsak SAENSOMBOONSUK
Yonex Voltric 80 E-tune

Hans-Kristian VITTINGHUS
Carlton Kinesis X900 LTD

Rajiv OUSEPH
Yonex Nanoray 9000 – maybe 900 actually

WONG Wing Ki Vincent
Yonex Voltric 70 E-tune

Iskandar ZULKARNAIN
Victor Jetspeed 10

Porntip BURANAPRASERTSUK
Li-ning n90II

Kirsty GILMOUR
Yonex Voltric I-Force

Line KJAERSFELDT
FZ Forza Kevlar CNT-Power 10000s

Karin SCHNAASE
Yonex Nanoray 800

Misaki MATSUTOMO
Wilson CX 9000 J (FIERCE)

JUNG Kyung Eun
Victor Zet Speed S 10

Selena PIEK
Babolat Satellite Power

Gabriela STOEVA
Babolat Essential (blue)

Heather OLVER
Babolat Satellite Power Metrix Flex 6.5

Kim ASTRUP
Yonex Arcsaber 11

Marcus ELLIS
Yonex Voltric Z Force II

Chris LANGRIDGE
Carlton Vapour Trail Tour DSiL

Michael FUCHS
Yonex Voltric 80 E-tune

KO Sung Hyun
Victor Brave Sword 12

Natalia Koch ROHDE
Victor Wave Power 6600

Liu Ying GOH
Victor HX800

CHAU Hoi Wah
Victor Jetspeed 10

Bodin ISARA
Yonex Voltric Z Force

PEI Jing Lai
Victor Jetspeed 10

LEE Chun Hei Reginald
Victor TK 900

KIM Ha Na
Victor Hypermano X 800

Looking upon you with loving kindness

When I am among any of the wonderful people on this planet, I am hoping that they can see in me someone that is exuding loving kindness. I am noticing many things as I look around, and truly that people have so much to offer us is one of those things I see.

Most people are focused on what they are doing with the people they are with, if any.  Occasionally, they notice me.  When they do I hope they see loving kindness.  No matter what they may think about me and my expression, that is what I feel.

If they are being silly, I feel that.  If they are being serious, I feel that.  If they are quiet and in their own world, I feel that.  If they are angry, I feel that.  If they are prejudiced, I feel that. If they are smiling and laughing, I feel that.  If they are happy, I feel that.  If they are confused, I feel that. If they are working, I feel that.  If they are sad, I feel that.  If they are vulnerable, I feel that.  If they are strong, I feel that.

I know the potential each and everyone has to make a wonderful contribution to our world.  That is what makes me feel this loving kindness.  Do good.

Snoqualmie Falls flowing powerfully like we should with loving kindness
May our loving kindness continue to flow like this.

Try to help clean things up

We live in a beautiful world on a beautiful planet with beautiful creatures of all kinds, human and otherwise.  We have many challenges in front of us to make our ecosphere the best it can be.  Let’s do what we can to make it better in a holistic sense.  We all will be the happier.

Butterfly on the Western Slope of Colorado taking a breather on Mount Sopris conifer.
Butterfly on the Western Slope of Colorado taking a breather on Mount Sopris conifer.

Voting in a democracy

The United States of America provides its citizens the opportunity to vote people into political positions and for initiatives of all kinds.  Participate. Use far more of your critical thinking ability than your emotional response to make your decisions.  First you must get registered to vote.  Find out how and get it done.  Get help if you need it.  Do your best to make objective decisions that will help you, your loved ones, and the greater good.

Vote!