Posted by
Boomer911 on Wednesday, July 16, 2008 1:03:14 PM
As someone who likes to stay abreast of the differing views and opinions from a wide variety of people on both sides of the isle, I have noticed an alarming trend lately from the folks over on the left. It seems they feel our current economic problems are the result of runaway capitalism and not surprisingly, they are suggesting moving away from the free market. To anyone who has paid attention to politics this doesn't come as any shock as those on the left today are up to their eyeballs in socialism with the roots of their political and social ideologies firmly rooted in Marxist thought and policy. I have advocated a complete and total rejection of any socialist policy when it comes to freedom and the rights of man which by the way, still come from God and not government entities. The question is, how can government control and regulate the economy and we still call ourselves free? In order to control and regulate the economy, you have to control the people involved and taking part in the economy which is exactly what the left feels the role of government should be. That leaves us, the American people,with very little freedom. I can assure you that would only be the beginning. But lets ask ourselves if their current criticisms of capitalism are to blame for our economic problems?
An article in the National Post has challenged the lefts assertion that capitalism is the villain and warns of further socialist policies that subject the world's economies to futher collapse. Terence Corcoran writes,
Two major related threats loom over the world economy: credit crises and rising inflation. What do these two menaces have in common? Bankers, hedge-fund managers, speculators and capitalism in general have been taking the hit for the economic turmoil, both for credit risk and inflation. But the looming collapse of Fannie Mae and Freddie Mac in the United States should help change the focus a little. We are now getting down to the heart of the matter, which turns out not to be rampant capitalism but out of control back-door socialism.
Corcoran goes on to say,
There is nothing free market about the two American mortgage backers, hybrid institutions created by the U.S. government to support mortgages and make home buying easier and more affordable for Americans. Fannie Mae and Freddie Mac, prodded by Congress and regulators, socialized trillions of dollars of mortgage risk on the backs of U. S. taxpayers. Along with dozens of other U. S. government programs that lured American's into a home-buying frenzy, the two institutions -- now getting even more socialist backing from Washington -- stand among the leading creators of the U. S. mortgage and credit crisis.
Any commentaries or critiques of capitalism cannot be taken seriously if one can see government interference and regulation and still call it capitalism. Capitalism doesn't work that way as its based off of free markets and investment in and ownership of the means of production, distribution, and exchange of wealth which is made and maintained chiefly by private individuals or corporations. See, they want their cake and to eat it too. You cannot have government interference in a supposed free market and then dare call it capitalism, followed by blaming capitalism for the its failures and shortcomings. Capitalism is the only system that empowers the individual which is the ultimate freedom. Economic freedom is the beginning of true freedom as it leads the individual to political and social freedom by giving one the right to spend their time choosing whatever endeavor makes them happy.
As I have mentioned in previous posts, the Founding Fathers are spinning in their graves when they see the role of the federal government continue to expand. They specifically set out to limit the power of the central government in our Constitution and held the view that too much power in the hands of government paved the way for servitude. As the U.S. government expands, we lose more of our wealth and more importantly our freedoms. The American people need to turn away from big government and stop looking to the elitists in Washington D.C. to solve every little problem that comes their way as this plays right into the hands of those who seek to take our freedoms. They are essentially training the American people to be completely dependent on government for all things. Free markets, free enterprise, individual responsibilty, and individual freedom, far from any government interference and regulation are the cornerstones of a free and economically prosperous people.
There is struggle today in politics that will play out in this falls presidential election. Will we choose to cede more power, control, and money to a goverment that has abandoned its Constitutional role at the price of our feedoms? Or will we stand for those powerful principles our Founding Fathers used to guide them in setting up the most free and prosperous nation the world has known? This nation really is "the last best hope" and should it fail, what would happen to mankind? I choose not to be a slave to any government and implore you to stand up for freedom and the rights of man.
"It might be demonstrated that the most productive system of finance will always be the least burdensome." - Alexander Hamilton 1788
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A Constitution of Government once changed from Freedom, can never be restored. Liberty once lost, is lost forever." - John Adams
aBankers, hedge-fund managers, speculators and capitalism in general have been taking the hit for the economic turmoil, both for credit risk and inflation. But the looming collapse of Fannie Mae and Freddie Macin the United States should help change the focus a little. We are now getting down to the heart of the matter, which turns out not to be rampant capitalism but out of control back-door socialnkers, hedge-fund managers, speculators and capitalism in general have been taking the hit for the economic turmoil, both for credit risk and inflation. But the looming collapse of Fannie Mae and Freddie Macin the United States should help change the focus a little. We are now getting down to the heart of the matter, which turns out not to be rampant capitalism but out of control back-door socialism.