The world needs authentic Capitalism, not Socialism

The world needs authentic Capitalism without the corruption and Cronyism. The world doesn't need Socialism.

The dominant system of government across the world is not Capitalism but Capitalism for the poor, and Socialism for the rich. It is hypocrisy, lies, cronyism, nepotism, privilege, and corruption masquerading as Capitalism.

In authentic capitalism, there is no concept of lobbying where well-funded lobbyists lobby the government to pass laws that protect them. As an example, the National Childhood Vaccine Injury Act 1986, "eliminate the potential financial liability of vaccine manufacturers due to vaccine injury claims in order to ensure a stable market supply of vaccines, and to provide cost-effective arbitration for vaccine injury claims". If the vaccine manufacturers produce a faulty vaccine, why should they be protected by law?

In a Capitalist system, the corporation that is responsible for deaths of children goes out of business(in theory). It doesn't in practice. Don't blame Capitalism for it, blame the corruption.

In authentic capitalist system, there is no concept of 'too big to fail'. If a large corporation is incompetent, they fail and shutdown, and are replaced with something more efficient by market forces.

In authentic capitalism, there are no handouts for special interest groups. The government creates level playing field, and people compete for the rewards in a free market.

In the current corrupted system, the government props up inefficient, outdated, and corrupt businesses using tax extorted from the public. In the current corrupted system, the politicians direct the government to offer handouts to their electorate to ensure they get elected.

There is a sinister and dark side to this as well. Big, bloated, opaque, unapproachable Government hand-in-hand with inefficient businesses develop a sense of entitlement to public money. They spy on the public, harass them, and criminalize sensible behavior. Have you ever been pulled over for not stopping correctly at the stop sign or other zero-tolerance crackdown programs?

This eventually leads to fascism. Does this explain the rise of populist leaders leading fascist governments, with support from large corporations?

The purpose of Government in a capitalist system is to set the ground rules, and enforce them. In the current system, we have laws that are anti-public, and selective enforcement. In the current system, corporate fraud and white-collar crime is ignored, and petty misdemeanors by the public are criminalized.

From the Libertarian party manifesto: "We, the members of the Libertarian Party, challenge the cult of the omnipotent state"

"Governments throughout history have regularly operated on the opposite principle, that the State has the right to dispose of the lives of individuals and the fruits of their labor. Even within the United States, all political parties other than our own grant to government the right to regulate the lives of individuals and seize the fruits of their labor without their consent".

"All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society".

"We, on the contrary, deny the right of any government to do these things, and hold that where governments exist, they must not violate the rights of any individual".

"Markets are not actually free unless fraud is vigorously combated."

"We oppose all forms of government subsidies and bailouts to business, labor, or any other special interest". Source: The Libertarian Party Manifesto

For those interested in political parties, the Libertarian Party is more liberal than any Liberal or Democratic party, and more fiscally responsible than any Conservative or Republican party.

However, people love the idea of getting something for free. Most people want their politicans to steal from someone else and give it to them. This gives rise to politicians who promise redistribution of wealth in the form of taxes and social programs for politician's special interest groups.

Do you get any form of support payments from the government? Do you realize that the government took $1 from someone so they can pay you $0.17 as handouts?

Greedy voters vote for lying politicians because politicians promise to steal on their behalf from others using the powerful government machinery. However, after getting elected, the politicians simply steal for themselves and their corporate friends who put them in power. They throw a few crumbs to their voters. Distractions are created to distract the greedy voters from the stolen money and privileges that they never got. The cycle repeats every election.

It is this culture of trying to get something that you don't deserve that is responsible for the ailments which affect capitalism. People and businesses want special treatment, and they can convince themselves that it is ok if the government steals from someone to pay them for their privilege. It is even better if the person you are stealing from is demonized.

In authentic Capitalism, you earn what you can. No one extorts from you, and you don't get any special treatment because you lobbied or are part of a politician's electorate.

The world needs this authentic Capitalism.

"The government solution to a problem is usually as bad as the problem" - Milton Friedman.


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