Posts Tagged ‘Economics

27
Dec
08

Retort to Arianna Huffington’s anti-capitalism piece

I read the Huffington piece a few days ago. She keeps using the term Laissez-faire. Something that this nation has never really been. If the defenders of Marxism can state, without batting an eye, that true Marxism has not yet deployed, then we can also say the same for Laissez-faire capitalism. Good. This is not the cold, financial machine envisioned in Ayn Rand’s, Atlas Shrugged.

In this article, the author makes the obvious and excellent point that Huffington avoids. If we are to blame capitalism for the recession, to what do we point to as responsible for America’s success? Huffington would probably insinuate that America’s predatory economic practices and exploitation of second-rate economies has made us great, but now the chickens have come home to roost.

Lower regulation is good, but not really Laissez-faire.

21
Dec
08

Excellent article concerning current financial crisis.

This article examines the current crisis and speaks of the policies of a hero of mine: Margaret Thatcher. Do some research on Britain’s economy right before her election. It was in a terrible state.

People point to the corruption that has in some instances exacerbated the current situation. To the finger-pointers, corruption is proof that less regulation doesn’t work. Foolishness. The very word corruption implies that officials were breaking some regulation, somewhere. Corruption ruins any system. Some systems promote corruption more than others. Check out the old Soviet regime for corruption of the highest order.

Bottom line: Socialism is a slippery slope. It cannot match production levels of low-regulated industrial states. Command economies cannot fill in the gaps needed to feed and employ high numbers of people.

Eleven years ago we rescued Britain from the parlous state to which socialism had brought it. Once again Britain stands tall in the councils of Europe and of the world. Over the last decade, we have given power back to the people on an unprecedented scale. We have given back control to people over their own lives and over their livelihoods, over the decisions that matter most to them and their families. We have done it by curbing the monopoly power of trade unions to control, even victimize the individual worker.”~ Margaret Thatcher, 1990.




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