There is a situation in the UK presently where a bank which is 81% owned by the UK taxpayer is preparing to pay its executive £900,000, possibly in shares, as a bonus, in the year when crucial executive decision making has been restricted pretty much to "we will take the government/tax payers money", this follows repeated plees by politicians that the board "exercise restraint" which were met with the reply that £900,000 was a bonus was restraint as the executive had received two million as a bonus the previous year.
Now in order to finance the bail out, including the money used to by the 81% share of this bank, a deficit was run up and the only way to reduce this deficit has been public sector pay freezes, the cutting of public sector pensions, cuts in benefits, cuts in state spending in all other areas besides money for the banks, which is assured and not discussed as no politicians wishes to create panic in the financial sector upon which the UK is dependent for more than 30% of its GDP.
While in principle you could object to taxation and public spending, and in principle believe that pensions and benefits should be cut, I would suspect that as a legitimately self-interested tax payer you would expect there to be some return upon taxes paid. The average tax payer in the UK now can expect to pay the same or increased taxes with less or no hope of a return, either in the form of straight remuneration, if they are a benefits claimant, retire with a public pension or happen to be a public employee, or services, fire, rescue, police, social services, schools, health.
It is obvious that the executives and board in the bank deciding upon the £900,000 bonus, this is a bonus now and is outside of what they earn annually which has already risen 42% in the last year when the average pay rise was less than 1%, took absolutely no contenence of this. It is also obvious that they did not have to take any contenence of this.
My question to the Paulistas is how would further deregulation and laissez faire market forces remedy this situation, what is the market correction which could be expected to follow from libertarian economic policy as applied to this problem? Now, I dont want any vague "away back when..." narratives, no radical policies about every man and his dog being permitted to print up their own currencies provided they can get others to trust its value, no return to gold standards, no invisible hand promises. Basically cut the campaign message crap and tell me what remains.