Paul Ryan and his supporters are trying to sell their spending cut and lower tax program and they’re getting booed at town hall meetings. They’re finally cutting into people’s pockets who can’t defend themselves. They thought they were doing what their constituency wanted and must be baffled at this negative response.
Okay, this might get a bit complicated, but not really. It just requires a shift in perspective away from the definition of capitalism we’ve been being sold since Reagan to something that is more descriptive of what actually happens. Theory is all well and good and can be very useful in specific instances, but a one-size-fits-all approach to something as basic as resources is destined to fail.
Oh, I’m sorry, let me back up a sec there—fail if your stated goal is to float all boats, to raise the general standard of living, to provide jobs and resources sufficient to sustain a viable community at a decent level. If, on the other hand, your goal is to feed a machine that generates larger and larger bank accounts for fewer and fewer people at the expense of communities, then by all means keep doing what we’ve been doing.
Here’s the basic problem. People think that the free market and capitalism are one and the same thing. They are not. THEY ARE CLOSELY RELATED and both thrive in the presence of the other, but they are not the same thing.
But before all that we have to understand one thing---there is no such thing as a Free Market. None. Someone always dominates it, controls it, and usually to the detriment of someone else.
How is it a free market when one of the most salient features of it is the ability of a small group to determine who will be allowed to participate and at what level? I’m not talking about the government here, I’m talking about big business, which as standard practice does all it can to eliminate competitors through any means it can get away with and that includes market manipulations that can devalue smaller companies and make them ripe for take-over or force them into bankruptcy.