Some random thoughts on free enterprise, expanded from a comment to yesterday’s post.
Does free enterprise, usually called “capitalism” because of Karl Marx’s influence, depend upon greed? No, in fact. The expression “it depends heavily on greed” is counterfactual in my opinion. Consider:
When examining the track record of a nearly-insane mooching thief/convicted criminal/former Democrat staffer under Jimmy Carter advocating the murder of Republicans and conservatives, I encountered this quote:
Excepts from a discussion at Citizen Tom’s blog:
Keith, let me ask, are you not concerned with the extreme viewpoint of the free market turning tyrannical?
No. Well, let me look carefully at your statement. Yes, I’m concerned about people that would hold such an “extreme viewpoint.” But I am not concerned about […]
@Pete, who wrote: “at the same time, [Adam Smith] saw the need of government as an interventionary force to prevent excesses that worked against the general public interest” In the material you quoted, and elsewhere, he argued strenuously against exactly this. It is precisely such government interference, “[t]he proposal of any new law or regulation of commerce,” that he warned required “great caution” because of the involvement of crony capitalism. […]
Charles Krauthammer has written favorably of adding more taxes to the cost of gasoline:
For 32 years I’ve been advocating a major tax on petroleum. I’ve got as much chance this time around as did Don Quixote with windmills. But I shall tilt my lance once more.
NB: 32 years ago, Dr. Krauthammer was […]
Do presidents really have an effect on the US economy? That question was put to me. Here’s my reply. The Clinton era was an utter and complete financial disaster — to the point where Republicans won the midterms in a landslide, and were able to force through tax reductions and other Federal constraints. […]
I was challenged in another forum recently because I had indicated that fewer than 5% of the workforce was at minimum wage. She had heard differently: […]
Now, you suggest that the Republican plans put forward to address the issue with uninsured citizens is “nothing.” This is, evidently, because Obama and the news media kept up this meme, that there was “nothing” other than Obamacare. The various proposals included pools (essentially, a modest expansion to Medicaid) to address pre-existing conditions as well as free-market expansions. The former isolate that population from the huge majority; the latter provisions provide some of the controls on price that have caused substantial drops in other areas of medical cost. […]
As noted last Sunday, I’ve been given the “Food for Thought Award” (nominated by Citizen Tom) — and it has some obligations. Among them are these writings, on seven Biblical verses that have been significant or inspirational to me. This is the second. There are nominations involved as well, and a few sprang immediately to mind. My old friend the extraordinary SeraphimSigrist would be an ideal candidate, for one — his thoughtful writings reflect his beneficent doings in his travels far and wide spreading his faith. I always learn something interesting from him. […]
My Lady and I enjoyed it. There was a certain discontinuity from the actors being different. Hank Reardon is very reminiscent of Ed Harris here, huskier of voice but in the range that Harris can do. Dagny’s pretty-boy brother is well-portrayed, as is Dagny herself. And I think this Francisco d’Anconia is a significant improvement […]