ECON-o-CHISM – POWER CORRUPTS … MARKETS CORRECT

HISTORY SHOWS … POWER CORRUPTS … ABSOLUTE POWER CORRUPTS ABSOLUTELY

THERE is NO ONE ‘FIT’ to RULE … – Lord Acton

CAPITALISM is the ASTOUNDING BELIEF … WICKED MEN … DOING WICKED THINGS … for the COMMON GOOD … – Keynes …

“STRANGE” … BUT TRUE … an “IRONY” … INDIVIDUALITY … INDENPENDENCE … (not collective dependence)

“The great VIRTUE of a FREE MARKET is that it enables people who HATE EACH EACH OTHER, or who are from vastly DIFFERENT religious or ethnic backgrounds, to COOPERATE economically.

Government intervention can’t do that.” – Milton Friedman

“The great virtue of a FREE MARKET system is that it DOES NOT CARE what COLOR people are; it DOES NOT CARE what their RELIGION is; it ONLY CARES whether they can PRODUCE SOMETHING you want to BUY.”

It is the MOST EFFECTIVE system we have DISCOVERED to enable people who HATE one another to DEAL WITH one another and HELP one ANOTHER. – Milton Friedman

MARKETS … (sometimes seemingly “cruel” or “brutal”) CORRECT (bring-allow “compassion”…

the POWER of the “PURSE” … to “VOTE” with your WALLET … to influence and impact society …

IN a “TRAGIC” WORLD … POLITICAL INTERESTS (collective IRON FIST) IS BEST COMBATTED with ECONOMIC INTERESTS (consumer INVISIBLE HAND)

“CHOICE” is often more powerful than “COMMAND”

Karl MARX (“command” – the Iron Fist) vs Adam SMITH (competition – the Invisible Hand) …

ALIENATION” vs “ALTRUISM” …

“The most important single central FACT about a FREE MARKET is that NO EXCHANGE takes place unless BOTH parties BENEFIT” … – Milton Friedman

a “RISING TIDE” (raising all boats) vs “ZERO SUM” (I win, you lose)

FASCISM (elites) vs FREEDOM (everyman) …

“PRIOR to CAPITALISM, the WAY PEOPLE AMASSED GREAT WEALTH was by LOOTING, PLUNDERING and ENSLAVING THEIR FELLOW MEN. (alienation) CAPITALISM MADE IT POSSIBLE TO BECOME WEALTHY by SERVING YOUR FELLOW MEN”. (altruism) – Walter E. Williams

FIGHTING BIGOTRY (free markets-limited government)

In economics, one learns that in a free market, businesses must maximize their profits, or they will GO BANKRUPT.

If a business favors employees based on a non-work factor, such as race, religion, or gender, it will fail.

BIGOTRY is IMPOSSIBLE in a FREE MARKET.

“PROFITS” HELP ELIMINATE “PREJUDICE.

When there is a LACK of a FREE MARKET, there is the OPPORTUNITY for BIGOTRY.  

When an industry has MONOPOLY POWER, WITH NO ALTERNATIVE to its product, there is room for MISCHIEF, COLLUSION and CORRUPTION.

In what kind of political system can bigotry flourish?  

Only in one where the government has a lot of POWER.

 IN “OPPRESSIVE” COUNTRIES POWER is CONCENTRATED (not divided-limited) to DEMONSTRATE IT’S PREJUDICE.

Any government oligarchy, in which POWER is held by a FEW, is ripe for the prejudices of those few to flourish.

“TOTALITARIAN SOCIALISM and/or MARXISM, however nicely “PROPAGANDIZED”, is a BREEDING GROUND for PREJUDICE.

The “INVISIBLE HAND” of a “SUPPLY and DEMAND” ECONOMY WORKS to be “ALTRUISTIC” – the “IRON FIST” of a “COMMAND ECONOMY” LEADS to “ALIENATION”.

The MORAL of this STORY is that, to AVOID SUPPORTING BIGOTRY, YOU SHOULD PREVENT YOUR GOVERNMENT FROM BEING TOO POWERFUL.