American Socialism
While reading my morning paper, I encountered this add in the San Jose Mercury News:
http://www.uscitizensassociation.com/pdfs/USCA_Ad.pdf
Why doesn't this US Citizens Association tell us what it really is, a Republican political group. Don't get me wrong, they are right, the country is moving towords socialism, what they are not telling us though is first, the United States has never had a capitalist economy, at best it has been merchantilistic. In a capitalist economy there has to be no bariars for entry into the market. In the United States, you at least have to have a business license, tax permits plus a bunch of other permits. If you want to enter a business such as insurance you also have to pass an exam, do continuing education and get licenses to sell different things; not exactly free entry into the market. What we have in the United States is essentially a partnership between government and business. Eisenhower called this the Military / Industrial Complex, economists call it Merchantilism. Merchantilism does not work, we fought the War of Independence over that.
On the question of who is more socialistic, the Democrats or the Republicans. . . George W. Bush was a socialist. People who beleive in free markets don't believe in government bailing out business. In a free market economy, you must have consequences for taking actions which are incorrect. By bailing out the banks and the car industry, these companies became immune to the consequeces. The US Govt even got equity stake in these companies. If that isn't socialism, I don't know what is!
http://www.uscitizensassociation.com/pdfs/USCA_Ad.pdf
Why doesn't this US Citizens Association tell us what it really is, a Republican political group. Don't get me wrong, they are right, the country is moving towords socialism, what they are not telling us though is first, the United States has never had a capitalist economy, at best it has been merchantilistic. In a capitalist economy there has to be no bariars for entry into the market. In the United States, you at least have to have a business license, tax permits plus a bunch of other permits. If you want to enter a business such as insurance you also have to pass an exam, do continuing education and get licenses to sell different things; not exactly free entry into the market. What we have in the United States is essentially a partnership between government and business. Eisenhower called this the Military / Industrial Complex, economists call it Merchantilism. Merchantilism does not work, we fought the War of Independence over that.
On the question of who is more socialistic, the Democrats or the Republicans. . . George W. Bush was a socialist. People who beleive in free markets don't believe in government bailing out business. In a free market economy, you must have consequences for taking actions which are incorrect. By bailing out the banks and the car industry, these companies became immune to the consequeces. The US Govt even got equity stake in these companies. If that isn't socialism, I don't know what is!
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