WHAT
IS THE DIFFERENCE BETWEEN FREE-MARKET CAPITALISM AND CRONY CAPITALISM
The other day an acquaintance mentioned
that he believed capitalism was a good socio-economic model (1),
but also felt as if it was too easily abused by greedy entrepreneurs and
industrial capitalists the
way it is currently practiced and therefore didn’t make sense as it tended to
push people down (2). Well, I understand where these
thoughts are coming from (3), mostly from socialist
propaganda, but the reality is that just isn’t the case. When he speaks of “how capitalism is
practiced currently” (4)
well, he is looking at crony capitalism, certainly not free-market capitalism
theory. Okay so, let’s talk shall we?
Now
then, as a capitalist,
I’ve noted in this country that most of the problems (5)
come from the manipulation of capitalism, and crony capitalism exploits, so I’d blame the
less-than-ethical politicians and uninformed politic for allowing that (6). Of
course, we hardly teach
economics in our schools in the US anymore (7),
and most people here
anyway can’t balance a check book which is probably okay because everyone is
living off future earnings (8), and paying interest on credit cards to do it and the rest is
ATM cash accounting, which anyone can understand as the money is taken out of
their accounts in real-time, and they can check their balances on their iPhones at will (9).
Okay so back to argument that “it’s not
being practiced correctly,”(10)
capitalism that is, and that it should benefit everyone, not just greedy
business people. You see, it does indeed benefit everyone, it delivers us everything we
have you see
(11), surely
we all benefit from abundance right? Ever been to a third world nation, not a
lot happening, why? They
don’t have an economic system set up the way we do (12).
You
see, Capitalism (yes with
a capital “C” as it should be) is not to be used or have its production, credit , capital, or labor controlled or
hijacked
(13), but
rather to solve all the problems by allowing producers to produce based on the
demands of the buyers. If
something is very important to someone else (14),
intrinsically, that person
is willing to pay more (15), then if
the entrepreneur is making more (16), then other producers and entrepreneurs will move over to
get in on the game, thus, more competition lowers the price, thus, the lowest
price and most efficient producers continue (17).
But
when we artificially screw
with price controls, production limits, tariffs, mandatory labor costs, free
grants, credit, tax gifts, etc (18). we throw the “free-market” laissez faire benefits out the
window
(19), then it
is inefficient, and doesn’t work, but if we hadn’t screwed with it, it wouldn’t have broken (20). If we
over regulate one industry, not another, we unbalance the choices, prices, and
are asking for corruption, manipulation, and incestuous relationships between
big business and big government and when we do it’s our fault for doing so, not
the free-market system, which gets blamed.
Indeed,
let’s not confuse crony capitalism or that incestuous relationship that Adam
Smith warned us about, with what free-market capitalism is. Indeed, I hope you
will please consider all this and think on it.
Tenses
1.
Simple Past Tense
Reason : subject +
verb 2
(mentioned) + object
2.
Simple Past Tense
Reason : subject +
didn’t + verb 1(make)
+
object
3.
Present Continuous Tense
Reason : subject + are
+ verb
ing (coming) + object
4.
Simple Present Tense
Reason : subject + verb 1 (s) + object
5.
Present Perfect Tense
Reason : subject + have
+ verb
3 (noted) + object
6.
Simple Present Tense
Reason : subject +
verb 1 (s) + object
7.
Simple Present Tense
Reason : subject +
verb 1 (s) + object
8.
Simple Present Tense
Reason : subject +
verb 1 (s) + object
9.
Simple Present Tense
Reason : subject +
verb 1 (s) + object
10. Simple Present Tense
Reason : subject +
verb 1 (s) + object
11. Simple Present Tense
Reason : subject +
verb 1 (s) + object
12. Simple Present Tense
Reason : subject +
verb 1 (s) + object
13. Simple Present Tense
Reason : subject +
verb 1 (s) + object
14. Simple Present Tense
Reason : subject +
verb 1 (s) + object
15. Simple Present Tense
Reason : subject +
verb 1 (s) + object
16.
Present Continuous Tense
Reason : subject + is
+ verb
ing (making) + object
17.
Simple Future Tense
Reason : subject + will
+ verb
1 (s) + object
18. Simple Present Tense
Reason : subject +
verb 1 (s) + object
19. Simple Present Tense
Reason : subject +
verb 1 (s) + object
20. Past
Perfect Tense
Reason : subject +
verb 1 (s) + object
