I scanned some
oped pages this morning and they all seemed to read about the same...lauding the Emperor and blasting Germany and France because Germany and France will not buy into Obama's ideas about spending our way to prosperity.
I reckon that governments everywhere forever have tried to regulate economies. And the primary reason is so governments can get their cut right off the top of the production of others. The USA with our constitution was the first government ever to actually recognize (though not implicitly mentioned in the constitution) the economic laws of supply and demand. Although the constitution does give congress the authority....which has been often misused and abused...to regulate interstate commerce for the most part congress has been content to just tax production as much as they think they can get by with. It has only been since the 1930's that congress has passed laws that have made it so tough to do business in the USA.
"So what's your point, GUYK,?" you ask.
Just this. The laws of supply and demand work! That is provided they are not regulated by government. Does this create some dramatic ups and downs? Damn right...it takes the ups and downs to keep supply and demand in balance as well as to reward the good producers and weed out the marginal performers. But see, when allowed to work the laws of supply and demand offer the opportunity to succeed and succeed beyond your wildest dreams if you have the idea, the discipline, and willingness to put in the 100 hour work weeks needed to make an idea fruitful. Conversely, the law of supply and demand does not guarantee success even if you do have the idea and discipline and willingness to put in the hard long hours. If your idea doesn't fulfill a demand you are gonna go bust...or if your idea oversupplies a demand you might go bust. And that is what governments are trying to do...balance supply and demand...but by doing so they also restrict your opportunity...your freedom to pursue success...or failure. ( And I can attest to having done both)
The laws of supply and demand have been for all practical purposes been nullified in the USA by Obama and congress. The administration is propping up marginal companies saying to the public that these companies are too big to let them fail. It is nothing but a power grab by the administration...a grab that they know that the public would never approve if explained and brought to a vote.
Who is to blame for this economic chaos? Well, there is a lot of finger pointing...big business greed? Sure...but if not for business wanting to "be all you can be" business cannot succeed. Greedy labor unions? See the above...labor has a right to try to get as big of a piece of the pie as they can get. Banks? Hell yeah...nobody trusts a banker...the only difference between lawyers and bankers is that lawyers feed on bankers leftovers. Yeah, we can place some blame on each of these but keep in mind that if the laws of supply and demand had not been manipulated by congress over the years the laws would have balanced out any of the problems. And the point is? The government is to blame for ALL of the economic problems.
And how to fix the problem....the same way the people of California thought they were fixing a problem a few years ago...RECALL the sumbitches and elect a new batch of thieves. And bring back and tradition from the past that punished wrongdoers in government...tar and feathers and a rail.
My apologies for typos and the somewhat incoherent rant. Sweetthing is rushing me to go to Wally World...we gotta help keep those laws of supply and demand in balance...