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 […]
Imagine that this asterisk is a unit of legislation: * This would be the amount of legislation produced by the United States legislative branch, Congress (i.e., the Senate and House of Representatives), and signed into law by President Obama (in the executive branch) in 2013. This represents about 800 pages of the Federal Register where such laws are recorded. That’s the way our system was designed: the legislative branch creates legislation, the executive branch signs it into law or vetoes it, and that was how laws were to come into being. Now compare that single unit with the laws that were created by the executive branch on its own without involving Congress: […]
Harvey_Rritt commented on the “Acting White” post in a way that made me think a moment:
Terry Pratchett calls it the Crab Bucket. It is a perfect expression. (He does that.) When a crab starts to get out of the bucket full of crabs, the others, awaiting death by live steam, pull the escaping crab […]
@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. […]
Tbe original poster wrote: “As a side-issue vaguely related to this, does anyone else detect a surge in the entrepreneurial spirit with people coming up with new ideas, putting them up on kickstarter, getting prototypes made through 3D printing or other means of manufactury, and not having to go through major corporations?” No. (I explained.) […]
The discussion ranged to include a possible permanent exemption from income tax for those who have served: “It COULD be a great incentive to get people to join, since we don’t have a draft.” […]
Another commenter in the FairTax discussion, and my reply:
[Y]ou’d expect conservative media to support a policy that shifts the tax burden off the rich – the opposite is the case. The Wall Street Journal ran a piece not so long explaining why “fair” tax is an bad idea. It was unexpected to say the […]
A discussion I’m involved in on the MENSA site had one member independently think up the idea of replacing the income tax with a sales tax. He and I are very far apart politically (something he noted during the discussion), but I agree with him on this. There has been a proposal that is continually refined to accomplish exactly this, and it would end the IRS for good. Here’s their website, FairTax.org. And then the arguments started… One commenter needed the IRS: […]