Capitalism VS a Managed Economy September 5th, 2014 Capitalism is economic freedom. The ability to earn a living, start a business or find work that you enjoy. Who makes what and how much it costs is decided every day by individual customers. The only role government has in it is to enforce laws that allow it to happen free of coercion or fraud. Since the beginning of history 99 percent of the human race lived in poverty until the birth of capitalism in America. Since then everywhere capitalism has been allowed to exist, poverty has decreased. Everywhere it has been rejected poverty has increased, including in the United States today. Our economy is managed by the Federal Reserve, Congress and bureaucrats in agencies who decide who will make what and how much it will cost. The only place the consumer can still influence the market is where small businesses are still able to compete, something that gets harder every year. There is nothing inherently evil about big business. Companies like Ford, US Steel and Standard Oil built the economy that made the United States a superpower. It made Henry Ford, Andrew Carnegie and John D Rockefeller insanely rich, but they also enabled the creation of thousands of millionaires and millions of jobs. With a government managed economy, as soon as a business gets big enough to collude with the government, it can get regulations and subsidies that hinder or prevent competition. The customer is left with no say in who makes what or how much it costs. If the people were to ever again have any control over the size and scope of government we would have to at the very least be able to limit government spending to all it could collect in taxes plus all it could borrow. By creating trillions of new dollars every year the Federal Reserve is enabling the government to expand its control far beyond that limit. They are managing the economy all right, right back to the pre-capitalist condition of unlimited wealth for the ruling class and poverty for the masses. The government’s own report last week said that over 50 percent of the economic expansion in this so-called recovery went to the top 3 percent of wage earners and there are now over 109 million Americans on welfare. We have traded our Individual liberty, our right to the proceeds of our thought and work, for government granted rights to a minimum wage, cell phone, free lunch and a subsidized home. It was a scam. There is no such thing as the right to a free lunch, only the right to earn one. There is no right to free home, only the right to build one. And there is no right to a fair wage, if no one chooses to pay it. Dan Fragoules Dan@fragoules
Posted on: Fri, 05 Sep 2014 20:50:18 +0000
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