Should the government bail out the auto industry?

Yes, it's too important to our economy.
No, the government is already broke enough.
Only with strict regulations on how they can spend the money.

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Summaries and Commentaries

Book I: Section Three

Polemarchus seems to accept Socrates’ argument, but at this point, Thrasymachus jumps into the conversation. He objects to the manner in which the argument is proceeding. He regards Socrates’ questions as being tedious, and he says, professional teacher of argument that he is, that it is time to stop asking questions and to provide some answers. But Socrates says that he knows that he does not know, at this point, what justice is. What, he says, is Thrasymachus’ definition of justice?

Thrasymachus says that he will provide the answer if he is provided his fee. He then says that justice is whatever is in the interest of the stronger party in a given state; justice is thus effected through power by people in power. People in power make laws; the weaker party (subjects) are supposed to obey the laws, and that is justice: obedience to laws made by the rulers in the interest of the rulers.

Socrates then argues that rulers can pass bad laws, “bad” in the sense that they do not serve the interest of the rulers. Thrasymachus says that a ruler cannot make mistakes. Thrasymachus’ argument is that might makes right.

But Socrates rebuts this argument by demonstrating that, as a ruler, the ruler’s chief interest ought to be the interests of his subjects, just as a physician’s interest ought to be the welfare of his patient. A doctor may receive a fee for his work, but that means simply that he is also a wage-earner. A ruler may also receive a living wage for his work, but his main purpose is to rule.


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