Americans believe government solutions not the free market system is what causes economic growth. This misguided approach is the cause of the severe depression the global economy is entering into. Widespread prosperity or even well being is not possible when the system that completely causes prosperity is eliminated. That is what has happened. The state of being in a depression will be impossible for the economy to recover from given that the only path to recovery is being rejected.This is another way of calling attention to the insanity of endlessly tearing into "capitalism." But it's beyond clear that the "capitalism" so reviled by any moron with access to a keyboard is a far cry from the real deal.
True capitalism does not have monopolies, stock market manipulation, monetary lunacy, fiscal diarrhea, off-shoring, cronyism, or mass immigration as any of its goals or treasured features. It's simply a type of economic organization that rewards enterprise, innovation, efficiency, and realistic thinking and which relies at its core on the innate human desire to build and improve one's own life. And on a considerable amount of government non-interference.
It is not intended that monopolies, plutocracy, worker exploitation, excessive taxation, welfare state profligacy and stupidity, organized crime, identity politics, poisonous feminism, reckless foreign wars, fraud, sky-high debt, or non-prosecution of fraud and crime are necessary parts. These are, in fact, wait for it . . . cancerous growths ON capitalism, just as they are growths on any other system that purports to seek justice, liberty, normality, and rationality. Even autocratic governments can seek the same thing and succeed if they take salus populi suprema lex esto as their watchword. "Autocratic" does not necessarily mean "repressive" though, admittedly, residents and citizens of Singapore must forego their God-given right to spit on the sidewalk or key cars. Is life possible without it? Or genital reassignment surgery?
Not all autocratic governments escape descending into repression, however. Some, like the U.S.S.R., did not pass "Go" and went straight to ghastly criminality and irrationality. A moral vacuum in the leadership of any nation, even our own, is a guarantee of industrial-scale criminality. And industrial-scale criminality is what we ARE witnessing right now, of course. If what we see is not the deliberate, criminal destruction of a decent civilization that will bring misery and death to millions then I beg to know just how it is the expression of anything decent or rational.
But, these are political problems about which no little discussion has been had over the millennia and they are distinct from the issue of what is the best ENGINE to build and power up to efficiently find and exploit resources to meet the needs and whims of fellow citizens and make a decent living for producers in the process. The engine in my car has no destination in mind and no concern for who rides in the seats. All it requires is fuel, fluids, a battery, wiring, a computer, and regular maintenance.
It also requires some outside entity to punish mechanics who tell me there's plenty of oil in it when there isn't. That's the aspect of true capitalism that requires outside (government) oversight to punish fraud and breach of contract and to unwind monopoly, among many other kinds of healthy, necessary maintenance. Economic systems require maintenance just as engines do but Western governments insist on active destruction.
The leftist/moron/parasite class beats their breasts and weeps copious tears because that efficient capitalist engine can't pull a flatbed trailer loaded with an Abrams tank or deliver a life of luxury and ease when governments waive their magic wands. Capitalism has failed them.
"The Central Planning Depression." By James Quillian, Fantasy Free Economics, 7/2/20 (emphasis added).
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