[ExI] Economy: "The Big Takeover"
thespike at satx.rr.com
Tue Mar 24 23:25:10 UTC 2009
At 11:57 PM 3/24/2009 +0100, Dagon wrote:
>Annoying that only now the world starts looking critically at the
>US-central free market
>paradigm, after it more or less *caused* a worldwide economic
>meltdown (and more
Yes, but as we've read here and elsewhere, the reply from free market
advocates is that the current USian system is *not* free market, it's
almost the antithesis.
On that view, it's a corrupt consortium of public officials largely
buffered against consequences, ruthless tax gatherers without sense
or pity, government largely by rich lawyers funded lavishly by
special interests in exchange for favors, voters with their hands out
for unearned benefits, and above and behind it all immense industrial
and military oligopolies with little self-control yet able to command
the resources of the nation without any serious internal or external
checks or balances.
And yet the oligopolies are what many people both in the US and
elsewhere think capitalism *is*, and it seems to be what ideologues
tend to champion against horrid "socialist" alternatives (especially
top down direction or supervision by elected deputies or their civil
servant class operatives). But no, it's actually the travesty
pilloried and reviled in the bible of honorable capitalism, ATLAS
SHRUGGED: a cabal of facile unprincipled shits lacking in reason or
self-knowledge, unwilling to contribute but eager to grab and retain
what they can, seeing themselves as an aristocracy of entitlement.
Maybe so, maybe so.
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