Thursday, June 05, 2014

Mixed economies vs. a truly free market

All Western countries have long had mixed economies — i.e., socialism mixed with just enough capitalism to keep tax revenues flowing to pay the welfare tab (both social and corporate welfare).

Among other things, the capitalism portion of a mixed economy also makes it possible to provide a cushy lifestyle for politicians and millions of government employees, subsidize countries who hate us, and fight a war here or there whenever the political need for a manmade conflict arises.

The liberty/tyranny pendulum tends to swing back and forth in Western countries, though for the past fifty-plus years the overall move has been toward tyranny. And in the United States, in particular, the pendulum has been traveling at an accelerating pace toward tyranny over the past twenty-five years, and particularly the last five.
From LRC.

1 comment:

  1. I have found this to be a weak and incoherent argument put forth by libertarians. If any government intervention makes an economy mixed per se, than we must conclude that the free market has never existed anywhere. The amount of government intervention before and during say the gilded age of capitalism of the 19th century was substantial, yet I read many Austrians, including of the anarcho-capitalist variety praising this era purely as the triumph of the market. Well which is it?

    ReplyDelete

Leave comment