quote:Originally posted by Jugflier:
I agree wholeheartedly with the statements you and Dolomite have made. End crony capitalism, and to some degree, decentralise power of the government.
We probably agree on more than disagree...but you have a problem of distinguishing between "crony capitalism/state capitalism" and true "free market" capitalism.
Granted, examples of free market capitalism becomes harder and harder to find...but that is overwhelmingly the cause of the centralizing of bureaurocratic power in DC...
Economist Ludwig von Mises's theory of government interventionism...one intervention leads to market distortions which create problems for which the public "demands" solutions. Government responds with even more interventions, usually in the form of more regulation of business activities, which cause even more problems, which lead to more intervention, and on and on. The end result is that free-market capitalism is more and more heavily stifled by regulation. And on top of that, usually the free market, not government intervention, gets the blame.