Xtreme Economics:“FREE” vs. “FASCIST” Economics (2016)
The FREE FASCISM
BASIC ECONOMICS
the invisible handof “supply and demand” social engineering
naturallaws (“science” – life, liberty, property) vs political rules (“political” science)
Capitalist (no contraint “laissez faire”) vs Command (centrally planned – controlled) choice/competition(Social Darwinism) vs cooperation(“It Takes a Village”)
MARKETS
OPPORTUNITY vs OUTCOMES
(process – every starts the same) (products/results – everyone ends the same)
FREE markets (pursuit of happiness) vs FAIR markets (anti-greed “social justice”) individual CHOICE– “open”/no constraints vs group CONFORMITY(controlled/closed)
WEALTH and POVERTY
PROCESS(individual “pursuit of happiness”) vs PRODUCTS (mob “social justice”) capitalism created unprecedented wealth capitalism creates destructive & divisive greed GENERATE-EARN wealth (creation) RE-DISTRIBUTE wealth (control and take) GROW the PIE vs SHARE the PIE pro-Industrial Rev.– the BLESSINGSof production anti-Ind. Rev.–the BURDENSof chaos/destruction INequalityof MORE unequal blessing vs EQUALITY of LESS (sharing misery?) entrepreneurship – high risk/reward (PROFITS) social justice– collective (PHILANTHROPY) “tragic” greed – acceptanceallows pursuit of happiness “utopian” LEVELING – “common good” unintended consequences– “hand-outs” produce “dependency” vs destructive & divisive greed EARNEDwealth causes prosperity CLASS WARFARE EXPLOITATION causes poverty millions raised, become “middleclass” a permanent “underclass” – resentmentof “rich” making-creating “HAVES” protecting “HAVE NOTS” – leveling the “haves” making rich poor-er does not make poor rich-er victimization– the rich make the poor (zero-sumgame) promoteprosperity(pro-“rich”) vs preventpoverty(pro-“poor”) greedy/strong game the system (the Jungle) vs envious/weak gamethe system (the Nanny State) MAKERS (e.g. Wall Street “robber barons”) vs TAKERS (e.g. welfare “queens”) poor “parasites” on “producers” wealthy “parasites” on poor “exploitation” trickle DOWN? wealth – promote prosperity/profits trickle UP? poverty – prevent poverty-philanthropy
ECONOMIC “SYSTEMS” Capitalism Communism Socialism (individual) private enterprise (group) collective endeavor “mixed” private & public–state domination
laissez-faire freedom (Smith) EQUITY – redistribution of wealth (Marx) “totalitarianism” (Mussolini)
proIndustrial Rev. anti-Industrial Rev post-Industrial Rev (mixed “Third Way”)
ROLE of GOVERNMENT free market CHOICEand COMPETITION COLLUSION (Wall/”K” Street vs Main Street) laissez faire (no govt.interference-anti-monopoly) anti-competition”crony” capitalism(big govt.-business) protect-promote individual PROPERTY RIGHTS protect pro-state Big Business-Poor from CHAOS productive enterprise-entrepreneurship “punished” RE-DISTRIBUTE wealth – LEVELING income “LIMITED” TAXATION– less is more “PROGRESSIVE”taxation – rich pay proportionally more pro-growth promoting risk/wealth [pie]makers share the wealth[pie] – TOTALITARIANcommon good