| | | If you knew more about political-economic history, you would understand that trying to separate political forms of government from their economies is like trying to separate the tail from the head of a coin. They are two sides of the same coin. To remove one destroys the coin. The free practice of Capitalism REQUIRES Democracy. As countries move away from Democracy and become more autocratic and invasive in the lives of people and the economy, Capitalism starts to disappear and Socialism and Communism take its place. For example, in the US, we used to have a far more Capitalistic, Free, and Democratic country. But with the advent of the Federal Reserve in 1913, signed into law by Woodrow Wilson, we embraced Communism in our banking and economy. Quite literally, the Fed is a Central Planner of our Economy through the manipulation of the price and quantity of money, interest rates, and deficit/debt enablement, as well as the forceable targeted theft of purchasing power from citizens through their 2% inflation target. I can't say it any better than Woodrow said it himself:
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. - Woodrow Wilson Then Roosevelt signed into law one of the biggest Socialist programs in the history of the world: Social Security. Then Medicare and Medicaid. Most recently, Obama took it a step further with Obamacare, adding yet one more massive Socialist program.
The US can now no longer be truly called a Capitalist nation. We are in point of fact a mix between Communism (The Fed), Socialism (SS, Medicare/Medicaid, Welfare, and Obamacare), and Fascism (corporate lobbyists, Citizens United, Goldman Sachs and the revolving door between The Fed, Treasury, and Wall Street). Sure, we have some Capitalism left in the country, which is propping up our economy and funding the government, but the leeches of Communism, Socialism, and Fascism will destroy Capitalism eventually. With the Millennials and Democrats gone full blown Socialist and coming into a plurality, I give it two, maybe three more decades, before we look a lot more European with low to no growth, completely hollowed out middle class, a small very rich upper class, and 60% of the people on welfare, while our debt balloons to 2x-3x of GDP. Congratulations, Koan. You will get what your party wants, but once you have it, you will really not like what you see. |
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