Posted on 05/11/2010 8:44:08 AM PDT by EricTheRed_VocalMinority
... [A]long with “Bush lied, people died” and that there’s catastrophic man-made global warming climate change going on, one of the biggest lies of the 2000’s is that the U.S.’s current economic crisis is the fault of unregulated free market, that capitalism has failed and that more central government control, regulations and restrictions, nationalization, and socialism are the answer.
We hear it all the time from the left, in Hollywood, the media, and especially in Washington (including our own president): Wall Street greed, corporate greed, greed, greed, greed.
The truth is quite the opposite. We are drowning because of government greed. The greed of politicians who are so generous with other people’s money. The greed of politicians who buy votes with that money. And the greed of Americans who hold their hand out expecting entitlement after entitlement after entitlement, without even knowing or caring that money was earned by someone else. That’s where the greed is. And it’s destroying this society from within. Just ask Greece.
First, consider Hoven’s article:
May 11, 2010 The Failure of the Unfree Market By Randall Hoven
… No one has a free market. I encourage you to look at the U.S. Statistical Abstract, Table 1324. That table tells us how much various governments spent as fractions of their economies. The U.S., the supposedly “free market” cowboy of the bunch, had a government that spent 38.6% of its country’s GDP in 2008. The lowest of the bunch was South Korea, at 30.9%, and the highest was France, at 52.5%. Five countries, of 28 listed, spent less than the U.S. did, including Australia and Switzerland. Greece was
(Excerpt) Read more at vocalminority.typepad.com ...
It took us twenty years longer, but we’re now reaching the same crisis point the planned economies of the Communist Bloc hit around 1990. The regulatory megastate is in the process of being destroyed by its own contradictions.
Whatever happened to efficient markets hypothersis and capital mobility?
I don’t think anyone learned about what the market has been doing for years. All these geniuses went to school and learned nothing, ‘cepting hate.
Freedom is not free. And you don't run and defend a modern economy on the same expense structure you ran a farm economy 200 years ago.
That said, is government eating up too much of GDP? Yes.
Oh gee I forgot what was the presidents name that ended red line banking??.
Things would work a lot better without the fedgov screwing everything up at every turn.
Capitalism didn’t fail. It was pushed down the stairs by Gramscian Cloward-Piven underminers.
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