Yet individuals should at all times remind themselves that freedom breeds peace, justice, and prosperity, while coercion breeds violence, exploitation and poverty. When a blended economy fails, it’s not its capitalist facet that fails – until you consider freedom itself fails. Capitalism has been blamed for the Great Recession of and for the financial disaster and bailouts of 2008, however it’s not “capitalism” but the mixed financial system and corporatism-cronyism that did it. We’ve had corporatism in the U.S. for roughly the previous century, and it’s getting worse over time; it’s additionally the system we’ve seen in Europe since a minimum of the time of Germany’s Otto von Bismarck, who launched the womb-to-tomb welfare state within the 1870s.
So-known as “free enterprise,” corporatist privatization, monopolistic beliefs are all enemies of true capitalism. Since the Reagan administration, corporatism has denied American families the rightful raise in wages breadwinners have … Read More