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Self-identified liberals and Democrats do badly on questions of basic economics.
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<blockquote data-quote="wkmac" data-source="post: 743392" data-attributes="member: 2189"><p>Jones,</p><p> </p><p>The last frame of "The Modern World" cartoon is so true. I speak of the part where "The Hand" sez:</p><p> </p><p>"The Taxpayers can take care of the mess! That's how the free market works you know!" </p><p> </p><p>It also reminds me of the introduction to Kevin Carson's work entitled <a href="http://www.mutualist.org/id4.html" target="_blank"><span style="color: red">"The Iron Fist Behind the Hidden Hand, Corporate Capitalism As a State System of Guaranteed Priviledge."</span></a> which reads partly as follows:</p><p> </p><p></p><p> </p><p>As to the larger topic at hand, when we begin to realize a true free market is a<a href="http://www.voluntaryist.com/forthcoming/kenyon.php" target="_blank"><span style="color: red"><strong> completely voluntary market</strong></span></a>. that all ideals and concepts can enter and exit at will of the market players and that no ideal or concept can monopolize and dominate a market leaving said market to still be truly free (the word free still means that exact thing) then the pure authoriterianism of all those vying to control the state for their own ends will be easily seen at all times no matter what lovely political name they call themselves!</p><p> </p><p>For those who argue we have a free market I have one question. In a true free market, people could grow marijuana or even industrial hemp at will, press the seeds and from that extract oil to be made into <a href="http://www.youtube.com/watch?v=S9Am3yUDt3M&feature=related" target="_blank"><span style="color: red">a fuel</span></a> for transportation purposes. In our "free market" why is this forbidden and why does the state intervene on behalf of the oil cartel or how about corn to ethanol thanks to gov't subsidy to give clear advantage to one market player over another? In fact one market is allowed while the other is prohibited yet no one screams monopoly much less seeing the cartels for what they truly are. For the moralist out there <a href="http://www.youtube.com/watch?v=U_YP1U0GaUY&feature=related" target="_blank"><span style="color: red">who fears</span></a> our activities in the bedroom or living room must be regulated, did you ever consider that if marijuana proves vastly more useful in some industrial capacity that people might chose to not consume it themselves but dedicate it towards these industrial purposes?</p><p> </p><p>In a true free market, <a href="http://www.youtube.com/watch?v=E_ldevrLFTs" target="_blank"><span style="color: red">things like this</span></a> could easily and quickly come to the marketplace if it wanted but in our "free market" this is not prohibited unless the State grants you permission to do so first. And at whose behest is this industrial crop still held as illegal and whose market status of cartel or even possible monopoly is maintained as a result? </p><p> </p><p>Again, understanding the term "free" to mean just what it does and using just this one single example, how do we then call what we have as a true "free market" whether you want to blame for it's ills or proclaim it for it's blessings? And let's not even discuss the legal tender laws that mandate economic transactions be done according to a state approved monetary unit that is controlled by a private concern! They are granted an exclusive monopoly status for the creation and determination of what is wealth (capital if you will) and how it is distributed. A medium of exchange is not determined by a 3rd party to an economic transaction who then seeks to extract a rent (1) but rather in a free market is determined by agrement of the 2 parties involved in the transaction. In the idea of State created monopoly of mediums of exchange, the idea of a free market again is thus destroyed.</p><p> </p><p>Once you realize the very people, the so-called captains of industry don't want a free market period and who have been the real "hidden hand" of big gov't have used gov't to obtain <a href="http://c4ss.org/content/2826" target="_blank"><span style="color: red">regulatory capture</span></a> in order to build their own monopoly while concentrating wealth into their hands or control. When the <a href="http://en.wikipedia.org/wiki/Interstate_Commerce_Commission" target="_blank"><span style="color: red">ICC</span></a> was created in 1887' to so-called regulate the railroad barons, everyone ignores the fact that the biggest period where the railroad barons gained the vast part of their wealth and power while at the same time squeezing out small, local railroads all while be overseen by the ICC. This model has grown to the point now that big business is like Briar Rabbit who proclaims, "please don't throw me into the briar patch!" We just lack the courage to do exactly that!</p><p> </p><p>And when you stop falling for the nonsense then titles like this thread are seen for the mind numbing manipulation that they really are. </p><p> </p><p>jmo</p><p> </p><p>(1) <a href="http://en.wikipedia.org/wiki/Rent_seeking" target="_blank"><span style="color: red">Rent Seeking</span></a>: In <a href="http://en.wikipedia.org/wiki/Economics" target="_blank"><span style="color: #0645ad">economics</span></a>, <strong>rent seeking</strong> occurs when an individual, organization or firm seeks to earn income by capturing <a href="http://en.wikipedia.org/wiki/Economic_rent" target="_blank"><span style="color: #0645ad">economic rent</span></a> through manipulation or exploitation of the economic or political environment, rather than by earning <a href="http://en.wikipedia.org/wiki/Profit_(accounting)" target="_blank"><span style="color: #0645ad">profits</span></a> through economic transactions and the production of added <a href="http://en.wikipedia.org/wiki/Wealth" target="_blank"><span style="color: #0645ad">wealth</span></a>.</p></blockquote><p></p>
[QUOTE="wkmac, post: 743392, member: 2189"] Jones, The last frame of "The Modern World" cartoon is so true. I speak of the part where "The Hand" sez: "The Taxpayers can take care of the mess! That's how the free market works you know!" It also reminds me of the introduction to Kevin Carson's work entitled [URL="http://www.mutualist.org/id4.html"][COLOR=red]"The Iron Fist Behind the Hidden Hand, Corporate Capitalism As a State System of Guaranteed Priviledge."[/COLOR][/URL] which reads partly as follows: As to the larger topic at hand, when we begin to realize a true free market is a[URL="http://www.voluntaryist.com/forthcoming/kenyon.php"][COLOR=red][B] completely voluntary market[/B][/COLOR][/URL]. that all ideals and concepts can enter and exit at will of the market players and that no ideal or concept can monopolize and dominate a market leaving said market to still be truly free (the word free still means that exact thing) then the pure authoriterianism of all those vying to control the state for their own ends will be easily seen at all times no matter what lovely political name they call themselves! For those who argue we have a free market I have one question. In a true free market, people could grow marijuana or even industrial hemp at will, press the seeds and from that extract oil to be made into [URL="http://www.youtube.com/watch?v=S9Am3yUDt3M&feature=related"][COLOR=red]a fuel[/COLOR][/URL] for transportation purposes. In our "free market" why is this forbidden and why does the state intervene on behalf of the oil cartel or how about corn to ethanol thanks to gov't subsidy to give clear advantage to one market player over another? In fact one market is allowed while the other is prohibited yet no one screams monopoly much less seeing the cartels for what they truly are. For the moralist out there [URL="http://www.youtube.com/watch?v=U_YP1U0GaUY&feature=related"][COLOR=red]who fears[/COLOR][/URL] our activities in the bedroom or living room must be regulated, did you ever consider that if marijuana proves vastly more useful in some industrial capacity that people might chose to not consume it themselves but dedicate it towards these industrial purposes? In a true free market, [URL="http://www.youtube.com/watch?v=E_ldevrLFTs"][COLOR=red]things like this[/COLOR][/URL] could easily and quickly come to the marketplace if it wanted but in our "free market" this is not prohibited unless the State grants you permission to do so first. And at whose behest is this industrial crop still held as illegal and whose market status of cartel or even possible monopoly is maintained as a result? Again, understanding the term "free" to mean just what it does and using just this one single example, how do we then call what we have as a true "free market" whether you want to blame for it's ills or proclaim it for it's blessings? And let's not even discuss the legal tender laws that mandate economic transactions be done according to a state approved monetary unit that is controlled by a private concern! They are granted an exclusive monopoly status for the creation and determination of what is wealth (capital if you will) and how it is distributed. A medium of exchange is not determined by a 3rd party to an economic transaction who then seeks to extract a rent (1) but rather in a free market is determined by agrement of the 2 parties involved in the transaction. In the idea of State created monopoly of mediums of exchange, the idea of a free market again is thus destroyed. Once you realize the very people, the so-called captains of industry don't want a free market period and who have been the real "hidden hand" of big gov't have used gov't to obtain [URL="http://c4ss.org/content/2826"][COLOR=red]regulatory capture[/COLOR][/URL] in order to build their own monopoly while concentrating wealth into their hands or control. When the [URL="http://en.wikipedia.org/wiki/Interstate_Commerce_Commission"][COLOR=red]ICC[/COLOR][/URL] was created in 1887' to so-called regulate the railroad barons, everyone ignores the fact that the biggest period where the railroad barons gained the vast part of their wealth and power while at the same time squeezing out small, local railroads all while be overseen by the ICC. This model has grown to the point now that big business is like Briar Rabbit who proclaims, "please don't throw me into the briar patch!" We just lack the courage to do exactly that! And when you stop falling for the nonsense then titles like this thread are seen for the mind numbing manipulation that they really are. jmo (1) [URL="http://en.wikipedia.org/wiki/Rent_seeking"][COLOR=red]Rent Seeking[/COLOR][/URL]: In [URL="http://en.wikipedia.org/wiki/Economics"][COLOR=#0645ad]economics[/COLOR][/URL], [B]rent seeking[/B] occurs when an individual, organization or firm seeks to earn income by capturing [URL="http://en.wikipedia.org/wiki/Economic_rent"][COLOR=#0645ad]economic rent[/COLOR][/URL] through manipulation or exploitation of the economic or political environment, rather than by earning [URL="http://en.wikipedia.org/wiki/Profit_(accounting)"][COLOR=#0645ad]profits[/COLOR][/URL] through economic transactions and the production of added [URL="http://en.wikipedia.org/wiki/Wealth"][COLOR=#0645ad]wealth[/COLOR][/URL]. [/QUOTE]
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