Monday, June 6, 2016

Wanting Capitalism, Kinda

IF YOU WANT CAPITALISM, as most of us say we do, you must have a free market, and people must behave rationally, meaning, in their own best interests. Under those conditions, the invisible hand of Adam Smith operates, bringing supply and demand into a perfect, natural balance, as everyone makes choices concerning where to work, what to buy, what to sell, and it all evens out, with everything, including money and power, naturally and automatically ending up where it belongs. Supposedly. The problem is, neither condition can ever exist, in the real world. Like a perfect vacuum, or a perpetual motion machine, or infinite velocity, perfect capitalism has never and can never exist. For one thing, it can hardly be claimed by anyone that human beings always, or even usually, behave in their own "best interest". We are demonstrably self destructive little creatures, irrational, consistently making decisions, such as to drink and to eat to excess, and to drive recklessly, not in our best interests. Then too, in a free market, businesses compete, some win, some lose, and monopolies naturally form, which distort the free market, making it free no longer, which must be remedied and regulated by government. If you want to get all government out of the market right now, for instance, including the removal of all tariff barriers and completely unregulated international commerce and trade, feel free. But bear in mind that all those jobs we all say we want to come back home to America, where they once were, will, under complete global free market capitalism, never, ever come back home to America. To do that, its gonna take government, Trump or no Trump. Otherwise, the international new world order free market will invisibly but surely keep handing jobs to the cheapest labor markets, which are most definitely not in the United States of America. Any billionaire business person seeking the office of the president surely knows this, and must, at some point in time, gently explain to conservative America that, sorry, but the government has a big role to play in our American economic future. Big government is here, to stay, folks. Unless, of course, you want all services such as police and fire protection privatized, along with roads and highways, schools, and the military. You don't really want that, do you, dear pro private sector citizens? You don't want that any more than you want a complete monopoly of the economy by a single person, which is what perfect free market capitalism would inevitably create, if we didn't, by the good graces of government, prevent it.

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