- Joined
- 21 April 2014
- Posts
- 7,956
- Reactions
- 1,072
Perhaps you should read Von Mises, Hayek, et al on that.
I thought you were going to recommend Milton Friedman. Phew.
Read a Forbes interpretation of Von Mises greatest hit and no, he's living in some Capitalist fantasy Sifu. You seriously believe how our corporations operate since, ever, is really Capitalism and Free Market enterprise?
Central planning and common ownership of the means of production is not what Socialism is. That's what Communism is. Heck, it's what all form of authoritarian, oligarchic form of gov't are.
Just because they claim it to be "socialism", their definition of Socialism does not make it so. Same with our form of capitalism and free market efficiency where high risks and high costs are socialised on to the public, but when profit is ready to be made they are then privatised to entrepreneurs and captain of industry.
Where if you're a small business operator, you're on your own and all your losses are yours to bear but your profits are properly taxed and audited. But if you're big and important enough, any mistake you make, any losses you incurred... bail out. And that does not include the laws written specifically for your benefit, at your winks and nudges.
Pretty easy to see where our Western Capitalism will end up if we keep at it: look at modern China, or Dickensian England where the few rich have everything while the poor work like dogs but have diddly; where the water and the air are polluted and poisoned from unregulated "red tape" hindering private enterprise who will definitely not shiet where they live and eat and sure enough, they do not hang around where their factories shiet and their workers eat and sleep.
Anyway, 30 years of Reganomics and Thatcherifics, with no serious security threat from peer competitors, with an absolute free reign to reach new markets and share the love of freedom and market value... how's the world doing?
8 people have as much wealth as half the world. Continuous wars for almost two decades and expanding; terrorism/anti-terrorism terrifying everyone except the arms dealers and generals and God Emperors; economic collapses and racing faster to nuclear and ecological disasters...
Yes, can we have some more of that please.