All that the American economy has gone through over the last decade is not a “crisis of capitalism,” understood as a truly free market, but the crisis of the government managed and manipulated system of economic control, command and accompanying corruption.
The assertion and repetition of “white privilege,” “the one percent,” “social justice,” “racist,” “gay-basher,” “LGBT-hater,” “gender insensitivity,” etc., have had numbing effects on private and public discourse.
“Socialism, or the reliance on the state for help, stands in antagonism to self-help, or the activity of the individual.”
The corruption of government officials seems to be as old as recorded history.
The fact is, “society” is ultimately made up of individuals who, over centuries of slow and truly enlightened thought and controversy, have come to be considered to possess certain inherent and unalienable rights to life, liberty, and honestly acquired property under an appropriate system of an impartial and unbiased rule of law.
The Inca rulers imposed on almost all in society a compulsory equalitarianism in virtually all things.
Never before in history had a people declared and then established a government based on the principles of the individual’s right to his life, liberty, and property.
Greater monetary freedom would not only give every citizen a legal right to protect and secure his income, wealth and market transactions from abusive mismanagement of the government’s monopoly monetary printing press. It could also serve as a check on the degree of such government abuse.
The task is not to be on some mythical “right side of history,” but to make history reflect the triumph and success of the idea and ideals of human liberty.
Marx saw himself as the sociological and economic analyst of the capitalist epoch through which he was living.
Almost 170 years have passed since Frédéric Bastiat’s death, but there are few writers on economic topics that remain as readable or relevant to the issues of our own day.
Outside the Washington Beltway, Life Goes on Very Normally
Both President Trump and Chinese President Xi are proponents of central planning, with the interests of the State taking precedence over the liberty and peaceful choices of their citizens.
The essential element in government planning is the threat or use of force to make all the others in society conform to political planner’s purposes and intentions.
Governments have sold their bonds to fund vote-buying welfare state spending, or expanding bureaucracies with loyal supporters of power-hungry politicians, or on delusional dreams of military power, or colossal public works projects hailing the greatness of the dictatorial or democratically elected leader.
The intellectual intolerance and resort to physical force to prevent speakers from addressing students represents a dangerous totalitarian streak among so-called “progressives.”
Where are you more likely to earn a better salaried income, in the private sector or working for the government?
This “inconvenient history” of how individualism and capitalism changed the course of human events from its thousands-of-years of slavery to near universal human liberty, has been practically eliminated from college courses.
Economic warfare threatens a downward spiral with reduced trade among nations, and declining standards of living from following this wealth-destroying path.
A false guide for central bank monetary policy.
Neither the total amount of government spending nor the likely budget deficit is threatened with meaningful reduction.
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