Capitalism has proven the best doctrine to grow an economy and once America was once its foremost exponent. In the beloved imagination abroad our streets were paved with gold. Every house had a Tv and every household at least one car. America was tool crazy and not only owned them but made them.
Prosperity was shared throughout the economy and a new middle class could afford to buy what our factories were making. The rich got richer and the poor got richer.
Walmart Jobs
But capitalism abroad took away our manufacturing base and America was forced to consider a world in which we no longer made a lot of the stuff we consumed. But our entrepreneurial spirit would not be denied and we rode the technology boom into the twenty-first century.
But now, when have the chance to embrace 'green-tech' and alternate power technology, we have left capitalism behind and warmly adopted corporate socialism.
Let me explain. Capitalism works because bad and inefficient fellowships are muscled out by best fellowships manufacture more effective use of small resources. Capitalism can only work if second-rate fellowships die. Capitalism makes no guarantees.
But American company didn't like that dynamic and realized that they could move beyond capitalism and its possible risks.
Companies in some industries became 'too big to fail'. They can risk all knowing that if they succeed, they keep the profits, but if they fail the taxpayer will bear the cost of keeping them alive.
One of the restrictions to corporate size are anti-trust laws. Monopolies have been viewed with suspicion since Teddy Roosevelt went on his 'trust-busting' campaign. The distrust of the trust came from a fear of price gouging.
Industrial food illustrates how fellowships have blunted monopoly concerns. Jbs a Brazilian meat packing company, bought Smithfield Foods, Swift & company and Pilgrim's Pride creating a company that was the largest beef company, chicken company and third largest pork company in the Us. They avoided scrutiny because they committed to keeping prices low. They could do this because as such a large buyer that they can force their suppliers to lower prices, they are, in fact, a monopsony. (Walmart is the best known example of a monopsony).
But even though low prices for food seem like a good deal for the consumer, short cuts create condition costs; just seek the constant food recalls. And you do not want to know how they make ground beef.
Consider cell service and Tv. In most Us markets there are two, at best, cell fellowships and only one or two cable companies. The pressure to innovate and lower prices is off. American cell service is slow and expensive and whatever who has waited for a cable service appointment knows the results of lack of competition.
As fewer, larger fellowships dominate the store place they can buy the political affect that shields them from capitalism's pressures.
And that brings us to green tech/alternate energy.
Oil and gas fellowships are big businesses. The subsidies they receive are a testament to their political muscle; muscle that was greatly strengthened by modern supreme Court decisions that granted Corporations free speech rights and more importantly an unlimited potential to buy politicians.
So every time you hear a politician suggesting that carbon sequestration will place an undue burden on business, or that carbon taxes will drive the price of power through the roof or even that atmosphere convert is a hoax, remind yourself that he is bought and paid for by the fossil fuel industry. Every time you hear 'job-killing' think 'profit-killing'
If politicians in effect believed in capitalism they would place a cost on fossil fuel power generation to inspire American fellowships to take part in the next great economic boom; instead of ceding the jobs and profits to China and Germany. If you don't think that challenges are in effect overcome by capitalism remember that in the 1980s Lee Iaccoca said that mandatory air bags would price the middle class out of the car market. How did that work out?
It is hypocrisy to preach the gospel of the store while doing all you can to shield fellowships from its military by promoting corporate socialism.
I want American capitalism back and corporations restored to their rightful place as agents of innovation. I want American company to lead the world. I want it taken back from the corporate socialists in Congress.
link I Miss Capitalism
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