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> who has empowered the Government to actively manage economic cycles?

Why do we need a government at all? Why not live in anarchy?

Because we, as a country/people/nation who give our Government at least some sort of legitimacy, desire a large institution to protect us. Historically, the only kind of protection we desired was from external foes who would wage war and enjoy the spoils thereof, but there's general agreement that we also need a government to protect us from ourselves, whether that's from petty criminality or to enforce our contracts, along with establishing standards which make those contracts of generally mutually agreeable meaning and enforceability.

So why is it illegitimate for the government to protect us from the boom/bust cycle? Keeping in mind that whether this is possible to begin with is a different question from whether it is moral and ethical for a government, which we instituted to protect us, should also protect us from a downfall seemingly built into the Laws of Nature.

> Why do we need a government at all? Why not live in anarchy?

Are you a charismatic amoral-yet-benevolent despot with a knack for turning violent tuggs into loyal enforcers? Anarchy sounds so great, but keep in mind that other, less enlightened, despot wannabes are going to come after you and yours, so keep at all times enough resources for the defense of your turf.

Not really interested? I am not surprised.

Perhaps you and your sibling poster should have read the rest of the grandparent post before commenting, since the question was rhetorical in nature.

Yes, perhaps.

But if you bear with me, you can stretch the "violence" argument a long way.

If you have a no government at all, you have this "Mad Max" scenario. The strong take from the weak until the only way to survive is to pledge allegancy to one Warband or another.

If you have a government that only concerns itself with protection against foreight invasion, you will have the semblance of order and institutional life, but underneth the organized crime will rule. They will not limit themselves to illegal business like drugs (though they will exploit it in a monopolistic way), but will quickly develop extensive protection rackets that will be a burden to the whole economy.

Then, if you have a government that only concerns itself with foreight defense and internal defense or property rights, you will have the robber barons scenario. The rich will do as they may, and anyone that opposes their interest will face a weaponized law enforcement at their doorsteps. That, or will be victim of paramilitary groups like the pinkertons, who enjoy the unofficial protection of law enforcement.

And so it goes...

I agree it comes to a point where giving more responsibilities to government causes more problems that it solves, but to despise every and all regulatory oversight in the name of liberalism and (idealized) anarchy is an oversimplified model.

Well, I largely agree with you because I'm not an anarchist and the poster above isn't one either. I certainly find anarchism appealing in the sense that I'd rather live as a hermit or with minimal social contact and be left to my own devices, solve any conflicts by mutual negotiation and so on.

Unfortunately this approach generally fails with anything more complex than a tiny village of 1-200 people at most. There's no particularly system with which hierarchical/authoritarian structures can easily be replaced (observe the tendency of most religions to end up concentrating temporal power even where said power is doctrinally discounted) and attempts to replace fallible human agency in the hierarchy with an incorruptible technical solution typically veer into absolutism and tyranny, whether by institutional capture or simple inertia.

The basic problem (it seems to me) is that we don't have a good theory of government by which we can measure institutional health and reliability. Anarchists and libertarians are excellent at pointing out the shortcomings of government, but as you point out their response to this is basically dismantle it, which seems to be about as sensible as saying the cells in your body will enjoy greater freedom if one would only commit suicide. Governments exist for the same reason that complex multicellular life exists.

Agreed, although I'd say those were both decent responses to those on this board who would pose those questions without the rhetorical nature.

Your point about separating whether it's possible from whether it's moral and ethical is a good one.

Its not only possible, but incumbent to do so! Economic and political instability usually implies a power vacuum which will be filled by demagogues across the political spectrum.

The hyperinflation and political humiliation suffered by the Weimar republic led to it being assailed by both the extreme left and the extreme right, until you know who, in the febrile political climate, grabbed the reigns of power.

Human nature craves security and will turn desperately to anyone who looks like they can deliver it. Better the devil you know (a democratic functioning state), then a despotic one.

Why do we need a government at all? Why not live in anarchy?

Because we know what that looks like. It's called a "failed state", and there are too many of those now. See Somalia. In practice, it usually means rule by local warlords, which sucks.

That question was pretty clearly rhetorical. Read the rest, it's a good point about expanding the list of things we ask government to protect us from.

If government can protect us from big evils (warlords), why not small evils (insider trading).

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