Todd Weber's Random Thoughts

December 12, 2010

Private Property = Freedom

Filed under: Uncategorized — Tags: , , , , , , — tkweber @ 8:02 am

“It seems obvious to me now – though I have been slow, I must say, in coming to the conclusion – that the institution of private property is one of the main things that have given man that limited amount of free-and-equalness that Marx hoped to render infinite by abolishing this institution. Strangely enough Marx was the first to see this. He is the one who informed us, looking backwards, that the eveolution of private capitalism with its free market had been a precondition for the evolution of all our democratic freedoms. It never occurred to him, looking forward, that if this was so, these other freedoms might disappear with the abolition of the free market.” (Max Eastman, “Socialism Doesn’t Jibe with Human Nature,” Reader’s Digest, vol. 38, June 1941, p. 47. Quoted in Hayek, “The Road to Serfdom,” p. 136)

“And who would deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?” (Hayek, 136)

October 10, 2008

The Market’s not the Problem, Socialism’s not the Answer

Filed under: Politics — Tags: , , , , — tkweber @ 8:41 am

The media, along with our now openly socialist President, continues to trumpet that “the free market is broken and government has to fix it.”  Don’t believe a word of it, and don’t give up on free market capitalism.  The free market isn’t broken.  The problem is that the market hasn’t been free for many years.  Ever-increasing government interference has so corrupted the market that it fails to work as it should.  

Ridiculous Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac skew the market and interfere with the forces of supply and demand, besides wasting billions of tax dollars.  What is the US Government doing in the housing market, anyway?  What part of the Constitution authorizes Congress to guarantee home mortgages?  It doesn’t.  How can the market function properly when government interferes with the forces of supply and demand by bailing out failing businesses?  

And that’s the problem.  The current financial crisis didn’t begin two weeks or a month or six months ago.  This problem started with Franklin D. Roosevelt’s New Deal which thrust massive socialist government policies and programs upon the American people, and which have continued to snow-ball into the massive avalanche of consequences that now threatens to sweep us all away.  Once people, especially politicians (on both sides of the aisle), got a taste for the free-flowing milk of ever-increasing tax dollars from the bulging breast of big government, we have added program upon program, regulation upon regulation and tax upon tax until our system of government and commerce now has almost no resemblance to its former, purer self.

So when politicians and media pundits proclaim that free market capitalism and American democracy is broken and should be set aside for something better (read: socialism/communism), don’t believe it.  Rather than discard the principles and practices which have resulted in the most successful, free, prosperous and beneficent nation in the history of the world, let’s get back to basics.  Let’s return to foundational principles.  Let’s resurrect the Constitution of the United States of America, and hack away all of the excess, unecessary, expensive, intrusive, overreaching, tax-guzzling and power-grabbing departments, programs, regulations, and bureaucracies of our grotesquely obese government. 

Socialism is NOT the answer to our problems.  Returning to government based on the Constitution is the answer.  Taking personal responsiblity for ourselves, rather than depending on government to solve our problems, clean up our messes and ensure our prosperity, is the answer. 

If socialism is your thing, that’s fine: move to France (at least they have nuclear power).  Leave my country alone!

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