Politics & Philosophy by Dr. Martin D. Hash, Esq.
Both the greatness and the problems with America are related to liberty, the idea that people control their own lives, and benefit from their own choices & actions. Capitalism is an almost perfect match for liberty-seekers, but it's still an imaginary construct with artificial rules that can be exploited. Specifically, Capitalism is subject to three main weaknesses: monopoly, barrier to entry & accelerating accumulation of wealth, all eventual certainties to crash the system unless there is intervention, which is government's responsibility. In the case of monopolies, we have anti-monopoly laws, but they are currently being underenforced: just look at your limited selection of broadband providers. In the case of barriers to entry, government regulatory agencies have been captured; the pharmaceutical industry is an example. And in the case of accelerated accumulation of wealth, well, that's obvious.
This isn't a new phenomenon, aristocracies have exploited the weaknesses of Capitalism throughout history, but you can't fool all of The People all of the time, and eventually The People will overreact with a draconian solution like socialism. During the last rise of the aristocracy in early 20th Century America, we had a strong socialist upswell & we're having it again. With the stagnation of opportunity, and the weaknesses of Capitalism mostly to blame, there's a whole generation that's giving up on liberty.
Categories | PRay TeLL, Dr. Hash
Filetype: MP3 - Size: 2.18MB - Duration: 2:23 m (128 kbps 44100 Hz)