Are Free Markets In Danger?

With the success at the polls of the DSA there are plenty of warnings of Marxists, Communists and most important if they win the free markets will cease to exist.

First of all this whole free market thing is a myth.

Yes, I said a myth!

Capitalism is meant to pivot around the free market. The theory goes that if only the market were rid of government meddling (regulation) then true competition would reign, with corporations battling it out to provide their goods and services to rational, all knowing consumers. This, according to supporters, would provide stable and accurate prices and quality for goods and services as competition would aggregate supply, demand and pricing.

Corporations who provided a good or service which was not wanted, was above the market price or below the market quality demanded by the rational consumer in this open, free market would simply fail and those who met demand would win. Therefore the success or failure of a company would be directly proportional to its ability to meet the needs of its consumer.

So, some might argue that recent failures assigned to capitalism – the bankers bailout, the corporatisation of government, the decline in social mobility – are because we do not have REAL capitalism as outlined above. They might argue we are in fact in a post capitalist, state capitalist of fascist state. There are valid arguments in favour of all these possibilities. But whatever state we are in, it is as a direct and inevitable result of capitalism. These outcomes are not aberrations, but natural and logical given the reward mechanisms of the system itself.

Now the part about the DSA would destroy the free markets…

Actually the DSA is a bridge to electoral politics….but what about the fears that we will lose our ‘free markets’?

The DSA champions many views that exist wildly outside the mainstream of American politics, including the abolition of the police, prisons, the Pentagon and the U.S. Senate.

This is all, to borrow a term from social science, bat guano insane. Even if you think such proposals make sense on the merits — I don’t! — politically, this stuff is nuttier than a pool party at Mr. Peanut’s pad. For one, the Constitution effectively bans abolishing the Senate, even via amendment. So expending any political energy on eliminating it is like demanding 2+2 equal 5.

But, man, do some people eat this stuff up. Specifically, fringe left-wing political activists, young and mostly white progressives with useless college and graduate degrees, and the Republican Party. Now, the first two groups eat it up because they love it. The Republicans eat it up because they’re eager to run against it.

Republicans are increasingly insisting that the only way to stop a takeover by “godless communists” is to vote Republican.

“Communism is a mortal threat to American liberty,” President Trump said during a July 3 speech at Mt. Rushmore. “It is the greatest threat to our country, including World War I, World War II, Pearl Harbor or even 9/11.” (I agree! Barring some time machine shenanigans, Communism is a bigger threat than Pearl Harbor and many other past events.)

“We’re fighting right now in Congress over whether we’re going to maintain our status as a constitutional republic,” House Speaker Mike Johnson insisted. “Or we’re going to trade that in, dismantle the foundations and go down this dark road of death to communism. That is the question on the ballot this fall.”

There’s a “bootleggers and Baptists” dynamic here. The DSA benefits from the attention, and the GOP benefits from the perception that Democrats are either too radical or too cowardly to confront the radicals in their ranks.

https://thefulcrum.us/governance-legislation/democratic-socialists-free-market-analysis

I really like the term ‘bat guano insane’.

You will get so many lies about what the DSA is doing and only people like me want you to know the truth of the matter so that you may make an informed decision.

Any thing?

I Read, I Write, You Know

“lego ergo scribo”

5 thoughts on “Are Free Markets In Danger?

  1. The ‘Free Market’ essentially consists of lots of companies that may look different, but are mostly a few huge conglomerates owned by billionaires, hedge funds, or asset-stripping investors. They fix prices so they are much the same in every one of those different stores or services. The people in some extreme political parties and anarchist groups who advocate doing away with the police and prisons will be the first to scream if someone kills their wife, or abducts their children. But propaganda suggesting all left wing parties are like that is very effective.

    Best wishes, Pete.

  2. “They might argue we are in fact in a post capitalist, state capitalist of fascist state.

    That description isn’t quite accurate, IMO. I would categorize the U.S. today as a corporatist, quasi-fascist plutocracy.

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