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THE FAILURE OF "CAPITALISM"? -- NOT EXACTLY
By Mike King

 

 

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"Capitalism" is becoming a bad word.

 

As of late, this thing we call "Capitalism" has really gotten a bad name. It's not only Marxist madmen such as that vile Viper of the Vatican, Pope Francis and Bolshevik Bernie Sanders who are openly trashing "unbridled Capitalism". Even conservatives such as former Reagan Treasury official Paul Craig Roberts now use the term with open contempt. Is this logical? Is "Capitalism" really what's grinding down the middle class and recent college graduates under the crushing weight of its profit-motivated stone wheels? Let's explore this question.

 

  http://marketsanity.com/wp-content/uploads/2014/05/Paul_Craig_Roberts.jpghttp://www.claritypress.com/sitebuilder/images/Robert-coverimage-119x188.jpg

Though it is not surprising to hear a Marxist such as Pope Frankie the Fake denounce "unbridled Capitalism" as "the dung of the Devil"; the title of Dr. Roberts' book - The Failure of Laissez Faire Capitalism, comes as a surprise and a disappointment.

*Laissez Faire is French for "let it be" -- as in, leave the free market economy be, avoid artificial interference.

 

First of all, the term ‘Capitalism’ was invented for propaganda purposes. Its related term ‘Capitalist,’ was originally derived in the English vernacular from a translation of the pejorative term used by 19th Century con-man Karl Marx to describe the class of men he called the  “bourgeois”. Marx created (or embellished) a Straw Man of top-hatted "Capitalists" who owned and controlled “society’s capital resources” for their own selfish ends. The "Capitalists" are the slave-master bogeymen of Marx's felonious Fairy Tale, with the Communists playing the phony role of "champions of the oppressed".

Therefore, it is and has always been foolish for proponents of private property and economic freedom to describe themselves as "Capitalists". Never allow your enemy to win the war of language!  It would be like pro-life activists referring to themselves as "anti-choice"; or advocates of border control referring to themselves as "xenophobes" -- ridiculous! So before we go any further, let us, once and for all,  dump and replace this propaganda term "Capitalism" with a more accurate description - "The Free Market".

Only the superficial and simple-minded actually believe that America (along with most of the rest of the planet) actually has a Capitalist (oops!) Free Market system of economy. Our economy is not fully Communist, but nor is it anything remotely close what American pro-liberty founders such as Jefferson, Madison, Franklin et al had in mind. No, what we have today is a hybrid Capitalist-Corporatist-Communist "mixed economy" with some Free Market elements - the bastard child of Karl Marx's early 20th century rape of Lady Liberty.

  

The ghost of ugly Karl Marx raped and impregnated lovely Lady Liberty. The "mixed economy" bastard child is not too pretty.

 

Now, stay with this analogy. Suppose a man who stands at only 5' 0" tall, with a nose the size of a ski-slope and the overbite of a donkey, were to father a child with a 5' 9" supermodel. The son of such a man might be as tall as 5'3" (still short), might have a shorter nose (though still quite long), and might have less of an overbite, (though still quite noticeable). In short, the offspring, though representing an improvement in physical appearance over his father, wouldn't exactly be mistaken for a younger Brad Pitt either. It wouldn't take a geneticist to figure out which parent was responsible for passing down the big nose, big mouth, short stature DNA!

So, which "parent" is to blame for the failures of the current hybrid economic system?  For our purposes, Thomas Jefferson will represent "Momma" Liberty as the counterpart to 'Pappa Marx". 

Problem: Federal Reserve System (Central Bank / Usury / Inflation)

The inflation-causing Fed was established in 1913. It, and its member banks, inject 100% of currency into the system with an interest charge. For this reason, there can never be enough currency in circulation to pay back all debts. The Fed is a counterfeiting, loan-sharking, and market rigging operation all-in-one.

 

Which "parent" do you blame?

 

 

 Jefferson:
 
“I believe that banking institutions are more dangerous to our liberties than standing armies.”

 

 Marx: (Communist Manifesto) Plank # 5
 
"Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."
 
* The Federal Reserve System is exactly what Marx and his Big Banker masters had in mind and completely fulfills this plank.

Problem: Excessive Federal Tax Burden

Directly or indirectly, the Federal government confiscates the equivalent of about $40,000 per year from every working household in America (Income taxes, Social Security taxes, corporate taxes passed on to consumers etc)

Which "parent" do you blame?

 

 

 

 Jefferson:
 
"Still, one thing more, fellow citizens -- a wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities."
 
“There is reasonable ground of confidence that we may now safely dispense with all the internal taxes.”

 

 Marx: (Communist Manifesto) Plank # 2
 
"A heavy progressive or graduated income tax."
 

There was no tax on income until 1913.

Problem: High Property Taxes to Finance Government Schools

Public education spending is mainly funded by property taxes. Though per pupil spending can vary widely from state to state, the cost is usually more than $10,000 per pupil, with some states spending as much as $18,000 per pupil! (here)

How can elementary school cost more than some colleges? The organized crime racket known as "public education" drives up housing payments for both renters and homeowners. This heavy tax burden plays a big role in causing evictions as well as foreclosures.

Which "parent" do you blame?

 

 Jefferson:
 
To suppose (that schools will he better managed by the government), than by the parents within each ward is a belief against all experience.”.... (a government can no more manage schools) "than it can our farms, our mills, and merchants’ stores.” (here)
 

 

Marx: (Communist Manifesto) Plank # 1
 
"Abolition of private property in land and application of all rents of land to public purpose"
 
Marx: (Communist Manifesto) Plank # 10
 
"Free education for all children in government schools."


Problem: Centralization of State Power

The all mighty and all-knowing (sarcasm) eggheads of the Federal government are stifling the creativity and productivity of private individuals. Though the state doesn't own everything (yet) - it certainly controls what it has not taken over.

Which "parent" do you blame?

 

 

 

 Jefferson:
 
"What has destroyed liberty and the rights of man in every government which has ever existed under the sun? The generalizing and concentrating all cares and powers into one body, no matter whether of the autocrats of Russia or France, or the aristocrats of a Venetian Senate."

 

Marx: (Communist Manifesto) Plank # 6
 
"Centralization of the means of communication and transportation in the hands of the state."
 
 
Marx: (Communist Manifesto) Plank # 7
 
"Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan."

Problem: Massive Public Debt

The Federal Debt stands at a crushing $18 Trillion dollars with unpaid future liabilities at $75 Trillion. Both amounts are un-payable but generate perpetual interest revenue for bond-holders (such as the Fed). Because much of this debt is finnaced by the Fed's money printing to buy bonds, the effect on the value of the dollar is inflationary and destructive.
 
PUBLIC DEBT = INFLATION!

 

Which "parent" do you blame?

 

 Jefferson:
 
"Loading up the nation with debt and leaving it for the following generations to pay is morally irresponsible. Excessive debt is a means by which governments oppress the people and waste their substance. No nation has a right to contract debt for periods longer than the majority contracting it can expect to live."
 
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."

 

Marx: did indeed criticize public debt as a trick which bankers make money out of nothing as government gets to defer the inevitable taxes needed to service public debt. However, Marx's ambitious agenda for government spending necessarily and inevitably causes the accumulation of huge public debts. (See Greece, Italy, Spain et al) This has been and continues to be the case with all nations that have embraced Marxist ideology in any of its varying shades from pink to crimson. In short, the government-worshipping Left runs up public debts like a fashion-crazed woman runs up credit cards!

Problem: Excessive Regulation of Business

Talk to any small business owner and he will confirm that government red tape and excessive regulation are huge hindrances to the survival and growth of his enterprise. The alphabet soup of job-killing state regulators from the EPA, OSHA, EEOC et al are, collectively, as destructive to commerce as high taxes and currency debasement.

Which "parent" do you blame?

 

 

 

 Jefferson:
 
"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny."
 
"A wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement."

 

Marx: (Communist Manifesto) Plank # 6
 
"Centralization of the means of communication and transportation in the hands of the state."
(FCC, TSA)
 
Marx: (Communist Manifesto) Plank # 7
 
"Extension of factories and instruments of production owned by the state."
 

(Department of Agriculture. As well as the Department of Commerce and Labor, Department of Interior, the Evironmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines, National Park Service)

Problem: Destruction of the Family and Morality

Even in good economic times, the offspring of single mothers and divorced couples have traditionally been vulnerable to slipping into dependency and poverty. It's a fact; the number #1 anti-poverty program - the ultimate "safety net" - has always been and will always be a strong intact family rooted in religious and/or moral values.

 

Which "parent" do you blame?

 

 

 Jefferson:
 
I concur with the author in considering the moral precepts of Jesus as more pure, correct, and sublime than those of ancient philosophers."

 

Marxists reject "bourgeois" morality and preach that the nuclear family is an artificial tool of the ruling class, an institution designed to teach its members to submit to ruling class authority. They promote easy divorce, adultery, atheism, homosexuality, rebellion against parents, cohabitation.
 
Karl Marx:
 
"The bourgeoisie has torn away from the family its sentimental veil and has reduced the family relation to a mere money relation." 

Problem: The Importation of Poverty from the Third World

Notwithstanding some of the hard working and productive arrivals, the cost to U.S. taxpayers of schooling, policing, incarcerating and supporting millions of uneducated aliens - both legal and illegal - is a severe economic drag upon the domestic economy. The jobs being taken from the domestic poor and the repatriating of cash back to home countries also have detrimental effects for the overall National standard of living.

 

Which "parent" do you blame?

 

 

 Jefferson:
 
"The first consideration in immigration is the welfare of the receiving nation. In a new government based on principles unfamiliar to the rest of the world and resting on the sentiments of the people themselves, the influx of a large number of new immigrants unaccustomed to the government of a free society could be detrimental to that society. Immigration, therefore, must be approached carefully and cautiously."

 

The open-borders Left does not believe in nation states or groupings of blood-related kinfolk.
 
Marx: (Communist Manifesto) :
 
"Workers of the world unite!"
 
Alan Johnstone / Contemporay Marxist Analysis:
 

"Borders are a means by which capitalists protect their assets, which include us. It is immigration controls that give employers greater power over migrants, particularly new arrivals or those who are dependent on them for their visa status, a power they do not always have over native workers.

Nationalism is a huge barrier to developing class-consciousness. Borders cause workers in countries to care less about the other workers in the world."


Problem: Multi-Billion Dollar Bailouts for Big Banks and Brokerage Houses.

The banker bailout of 2008 amounted to a grand theft of future generations.

Which "parent" do you blame?

 

 

In a truly 'Laissez Faire" market economy; failure is punished, not rewarded with bailout money from the public Treasury. The 2008 bailout, as well as the market crash which preceded it, were both classic cases of artificial intervention by the Federal Government and its partner-on-crime, the Federal Reserve. Market economics had nothing to do with the crisis nor the corporate banker bailout.
 
Jefferson:
 
"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."

 

Though we cannot speak for Marx on banker bailouts, it is clear the vast bulk of the political Left (along with many "moderate" Republicans) were strongly in favor of the grand theft of 2008.

Problem: The Abuses of Paper Money.

Paper money is only useful if managed honestly and intelligently. (Hitler's Germany) The abuse of paper issue by the money lenders carries many monetary dangers.

Which "parent" do you blame?

 

 

 
Jefferson:
 
“Paper is poverty,… it is only the ghost of money, and not money itself.”
 
“Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.”

 

Marx's views on paper money are inconsistent. On the one hand, he condemned the easy issue of paper currency as a trick used by "Capitalists" to enrich themselves. But more telling is the fact that Marx strongly opposed the Peel Act of 1844, which forbade notes unbacked by metallic money. 
 
As for modern day Globalists and Marxists, the dangerous creation of debt-based paper money out of thin air is the only thing keeping their house-of-cards from collapsing.

Problem: Off-Shoring of Manufacturing Jobs

Partly to escape higher labor costs (often caused by state intervention on behalf of Unions); but also to get away from excessive regulations and corporate taxes (more state internention), many manufacturing jobs have left America. The lifting of tariffs has, in many cases, encouarged this exodus.

Which "parent" do you blame?

 

 

 

Jefferson opposed all forms of direct taxation, preferring reasonable tariffs instead. He was only a "free trader" under the condition that other nations would also practice it. Though not an extreme "protectionist", this common sense approach to raising revenue is indeed a form of moderate protectionism consistent with free market principles.
 
“There is reasonable ground of confidence that we may now safely dispense with all the internal taxes.”

 

Again, Marxists and Globalists do not believe in borders. On the one hand, they have made it difficult to do business in America; while on the other, the government actually provides guarantees for certain businesses seeking to leave America. That is NOT "free market" or "laisezz faire" economics. It is state intervention on behalf of off-shoring.
 
From the website of OPIC:

"The Overseas Private Investment Corporation (OPIC) is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy and national security priorities. Because OPIC works with the private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds."

CONCLUSION

So, you see, contrary to what soap-box phonies like Bernie Sanders would have you believe, it is not 'Laissez Faire Capitalism" that is failing before our eyes -- it is big government with its empty promises and impossible schemes that is failing! We can go on and on and on with additional examples of how oppressive state power, often working in open collusion with certain corporate cronies, is suffocating the life out of us by various means of intervention and artificial monopolization - the very antithesis of a "free market". How can we blame "laissez faire" economics when the very term translates to "let it be" -- meaning, allow economic matters to take their own natural course (liberty, minimal taxation, competition, sound money, private property, peaceful trade) without artificial interference (Marxist schemes,counterfeiting, usury, expensive warmongering, excessive taxes and excessive regs).

Since the days of the wretched Roosevelts and before, when it comes to economics, the Federal Government / Federal Reserve Complex refuses to "let it be". In stark contrast to Jefferson's vision, we the people are constantly being over-taxed, over-regulated, over-indebted, over-litigated and over-inflated by this bloated controlling monster.

And in response to the ever-worsening economic situation that it has caused; what does the parasitical hybrid busy-body beast do? You guessed it; it then taxes, borrows, inflates, litigates and regulates some more!

Sorry, Dr. Roberts. In spite of your astute observations and sound economic analysis (at times), the grossly inaccurate title of your book undoes whatever valid points are contained within it. A much better title would have been, The Failure of the Hybrid Economy -- or -- Marx's Mongrel.

 

http://media3.popsugar-assets.com/files/2014/11/03/071/n/1922153/c6890ab086237ff7_thumb_temp_image10906271415061656/i/Charlotte-Tilbury-Supermodel-Makeup-Tips.jpghttp://img2.wikia.nocookie.net/__cb20110611131841/spongebob/images/8/85/Tumblr_kxm7nkGnAo1qaqps8o1_500.jpg         http://www.scaryforkids.com/pics/crazy-eyes.jpg

Only a Mad Marxist or a Loony Libtard would blame the raped mother for Junior's gross deformity. Oh well; at least Junior has her hair and eye-color.

 

Learn economics in one easy and fun-to-read allegorical tale:
 
 
http://ecx.images-amazon.com/images/I/51aW4o9A3qL._SX258_BO1,204,203,200_.jpg
 
BANCAROTTA! (Click Here)

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