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Information collected in February 2020
Created and published on February 20th, 2020
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Thursday, February 20, 2020
Sunday, April 20, 2014
General Philosophy on Government and the Economy
Written on April 27th, 2011
How
are Wall Street and the labor unions to blame for the bankruptcy of
this country? It’s the federal government and the Federal Reserve
which are to blame. It’s not the unions’ and big businesses’
fault that legal monopoly and being able to print money out of thin
air makes bailouts and special-interest legislation so tempting.
Labor
unions sold out when, in the early 20th century, they stopped being
based on anarchy, and began to attempt to legally codify the
labor-market benefits and “rights” which they had already
achieved de-facto.
Big
businesses sold out when they abandoned deregulation and
laissez-faire according to the will of the consumer base in favor of
government-sponsored self-regulation, toxic asset relief, and
industrial nationalization.
We
need to prevent monopolies from forming, instead of using bailout
money to encourage them to do so, and build the industrial and
entrepreneurial bases of this country back up. That way, we can
expand the realm of economic freedom, and make competition free and
fair enough to lower prices and increase consumer choice.
We
need to get the government out of the business of guaranteeing
labor-market rights, and instead foment labor solidarity by using
direct-action and volunteer tactics to bring about independent
consumer advocacy, consumer interest, and consumer rights mechanisms.
That way, people who care about getting paid a decent wage, receiving
sufficient benefits, and encouraging their neighbors to spend more
wisely can do so, without relying on governments and big labor to
make their decisions for them and sell our careers out from
underneath us.
The
private and public sectors need to reclaim their rightful property
from governments. The market realm and the labor realm exist
independently of governments. It’s not always easy to spot, though.
For
more entries on theory of government, please visit:
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