05-10-2017, 10:37 AM
(05-10-2017, 02:02 AM)Galen Wrote:(05-10-2017, 12:10 AM)pbrower2a Wrote: Economic freedom has meaning only if there is no concentration of economic power. When that concentration exists. 'economic freedom' is debased to extreme inequality.
Do you ever stop to consider the role of regulatory capture not to mention bailouts of failing entities in causing exactly that? Expecting the government, which is fostering crony capitalism, to save you from it makes utterly no sense.
Do you ever consider the dynamic tension between public and private power that creates cycles of technological advance followed by periods of social advance? Crony capitalism is a social ill that resides first and foremost in the private sector ... as it does today. Private entities always try to capture the use of public power for their own ends. Given the absence of public power, they will create it. Nothing serves than as well. Personally, I prefer a form of public power less answerable to private power, which is both hard and rare. At the moment, private power is winning. Thank Reagan and Clinton for making that possible, They let those private power players accumulate the wealth it takes to make capture possible.
Take off the blinders and look at reality as it is.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.