I'd like the panel to discuss ...

Capitalism has been framed

I'd like to better understand how the free market has been falsely blamed for our current economic mess. It seems as though the general public has been convinced of this fallacy, and I believe if the truth were pushed a little bit harder through detailed explanation, most people would care to understand and respond accordingly.

528 votes
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    anonymous shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →


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      • FDtt commented  ·   ·  Flag as inappropriate

        Yes! People need to see that government activities and corruption are the root of the problem!

        So many want to solve market problems by cutting down the market. That is idiocy! It is important that people say this aloud!

      • Vladimir Val commented  ·   ·  Flag as inappropriate

        There is a big difference between the huge businesses like AIG, Fanny May, Freddy Mac, huge banks and other financial institutions and the corner grocery store, small accounting services company, medium sized manufacturing. GM and other huge corporations have become so big that they cannot maneuver in the market place. They have become huge bureaucracies necessitating top down administration resembling government agencies. This makes them vulnerable to become part of the government as we have witnessed with GM, Chrysler, and most of the financial institutions. Those that are in charge have no personal stake in these organizations. They are not entrepreneurs who raised funds and invested in a business that they run. Capitalism is based on individual effort and achievement.

      • dmzuniga commented  ·   ·  Flag as inappropriate

        Economics is 90% ethics and 10% math. Plunder being the timeless grail of all governments, it's always helpful to follow the money. If you reduced the current $3,800,000,000,000 tsunami of federal revenues down to about $700 billion annually, you'd have enough to fund all lawful federal powers (those 17 powers we granted it in the Constitution, Art I Sec 8). Everything else that Washington DC does today -- the other $3,100,000,000,000 annually...is ILLEGAL.

        Think about that corruption; that is a HUGE crime cartel; the largest on earth, in monetary terms. Thus, to stop it, the citizenry must have the presence of mind and the ethical fortitude to SHUT OFF THE FUNDS. That is the ethical purpose of the 40-year-old Tax Honesty movement. It is simple ethics; simple constitutional law: stop the plunder and illegal activity through LAWFUL financial embargo.

        There are an estimated 67 million non-filers today; tens of millions of us are lawfully, consciously holding government to account, shutting off the spigot. "Household secession", you might call it. Thus, as this corrupt Congress goes a bridge too far (as they have done many times before!) we Nontaxpayers can at least smile and know that WE don't fund the criminals. We obey the Tax Code (believe it or not, it's perfectly constitutional and fine left just as it is!) and we make our IRS employees obey it also!

        Time to fight criminals with the only thing they understand: cut off their money, and then start imprisoning them.

        To cut off their money: http://www.taxhonestyprimer.blogspot.com

        To start the law enforcement process: http://www.myamericaagain.org

        "A coercive government in power" is 100% the fault of lazy, or ignorant, or terrorised citizens. All three of those characteristics are un-American. We have a duty as citizens; it's time we began discharging that duty.

      • dmzuniga commented  ·   ·  Flag as inappropriate

        True FMC (as defined by Hayek, von Mises, or Rothbard) cannot be blamed for our current economic mess because it hasn't existed since the end of Andrew Jackson's presidency.

        In his 1837 farewell address, President Jackson warned us that the financial empire ("the money powers" who prowl the earth in every age) would rear its head again immediately, and under the federal jacklboots of Dishonest Abe, it did.

        The "divide and conquer" strategic plan of the global elite kept America atomised and warring with itself even after Lincoln's "shock and awe" troops were finished -- for over a century and a half now, through the donkey and elephant machines.

        Government schools keep the people ignorant, and this completes Marx's plan for America. Marx was an astute follower of Abe Lincoln; I recommend the book "Red Republicans and Lincoln's Marxists" to learn just how bad things have been since that monster was in the White House.

        For background in ethical ('Austrian school') economics and insight into America's economic and legal retrogression from a free market and a constitutional republic, every American should read, in order of importance:

        "Empire of Debt" (Bonner & Wiggin)
        "The Road to Serfdom" (F.A. Hayek)
        "Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom" (edited by J.V. Denson)
        "The Constitution in Exile" (A.P. Napolitano)
        "Lies the Government Told You" (A.P. Napolitano)
        "A History of Money and Banking in the United States" (M.N. Rothbard)
        "The Case Against the Fed" (M.N. Rothbard)
        "The Servile State" (Hillaire Belloc)
        Almost anything by Thomas DiLorenzo
        "Crisis and Leviathan" (Robert Higgs)

      • cheryl commented  ·   ·  Flag as inappropriate


      • Michael S Costello commented  ·   ·  Flag as inappropriate

        The distorting effect of agencies needs to be held in check. Problem is citizens are not free to hold it in check, or rather, our representative agencies fail to do so, and a true free market (inherently self-regulating) is actually prohibited from existence under the current regulatory regime.

        Foxes are in Henhouses minding the eggs.

      • KDus commented  ·   ·  Flag as inappropriate

        When regulation is implemented OR removed, you will be able to find business that benefits. BOTH changes can be used to reward friends and punish enemies.

      • Dan Bramschreiber commented  ·   ·  Flag as inappropriate

        Free Market Capitalism entails people making the decisions on goods, services at a time, place and cost/benefit that suits them. As Paul mentions - 'the money' is no longer ours and is one of the main culprits for a lack of Free Market Capitalism today. Go start a business and MANY other culprits will rear their ugly heads as well. The EPA is one PRIME example, but so many more exist, it is unfathomable to consider we have had FMC for the past 75 years (does 1934 ring a bell?). We must re-educate and re-re-define; bring back the original definition of Regulate. It is not to tie-up and make damn near impossible to do business across state lines. It was nearly the exact opposite - To MAKE BUSINESS REGULAR and ABLE.

        Next stop - look at the Retirement Account Market and you will notice the many agencies and requirements of that market. Many have complained about the lack of regulation, but the reality is - there was reason companies did what they did and it was induced and condoned by Congress. We have been in a "Growth at all Cost" economy for decades. The mutual fund market has been a great enabler - when is the last time your mutual fund voted on a proxy to remove a Board Member - who was also the CEO and was compensated much more than should be?

        It all boils down to control and we the citizens have very little left in those realms.

      • Paul Gibbons commented  ·   ·  Flag as inappropriate

        As long as there is a coercive government in power, there can be no free market. Especially if they exercise total control of the very means of economic exchange, mainly, the money!

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