Posted by
Steve on Monday, October 17, 2011 1:31:55 PM
The Wall Street protesters are not making any sense at all. They are basically calling for a communist state and see no problem with it. But, ask them to tell you one country that has an economy that is structured like they are requesting and is better than ours and they would be unable to do so. There are no countries with a planned economy that are better than ours. Ours is not even a real capitalist society any more. The true capitalist society went away about 100 years ago when the Progressive movement took hold and tried to destroy America by small steps.
Today, we practice “Crony Capitalism”. Crony Capitalism is you make it based upon who you know rather than having the best mousetrap. GE is a great example of Crony Capitalism in action. They have not paid any taxes for at least the last 5 years, and I would venture that it has been longer than that. Why have they not paid any taxes for so long? The reason they do not pay any taxes is that they make huge campaign donations to politicians. The vast majority of GE’s donations are sent to Democrats, about 90-93%, maybe more. Jeffrey Emmelt sits as Obama’s Jobs Czar. Crony capitalism is killing this country. But it makes tons of money for politicians. That is why we will have a hard time reforming the system. Until we can wean politicians off of corporate money, we will have this problem. Of course the other problem compounding this issue is that we have professional politicians. Politicians were meant to be citizen politicians who held a job for a short time then went and lived under the laws they passed. We lost that a long time ago as well.
To solve all the so-called problems that the Wall Street protesters have would be to get government out of our lives. That would so reduce the cost of business that people would hire others. The protesters cry that we need a guaranteed living wage. That would destroy incentive in this country. What we need is government out of business and that would get full-time employment almost overnight. The vast sums businesses pay to meet government regulations could be spent growing their businesses and hiring new employees. We are only in this economic morass because there is too much government regulation.
The protesters are calling for a universal health system. That sounds great, until you look at the details. Every country with a universal health care system is going bankrupt. People get poor to no care at all instead of the universal care they were promised. You hear stories all the time of people being left in the hallway for long periods of time until they can find rooms for them. In the hallway, they get no nursing attention or doctor’s care. Many of those patients die before being given the care they deserve. Contrast that to America where everyone has access to the best health care system in the world. If you need surgery, you get surgery today or in a very short period of time. In a universal health care system, you wait months or years to get the same surgery. Many patients die before receiving the surgery. That helps to keep the costs down. Keeping costs down is always the goal of a government system. A private system exists to give the public what it wants.
If those protesters can find any country in the world that is better than the US, they should go there and enjoy the benefits of that country. If they cannot find a country that is better they should work to reform the system to make it better. They should not try and replace the system that has failed every time it has been tried since time began. The system they want is against human nature and will never work as long as there are human beings running it.