The Free Market Lies and Economic Slavery
- Economic Theory
- Serious World Problems
- Politically Correct History
- The Foundations
- Book Reviews
- Dialog
1. Economic Theory
The Law of Supply and Demand is real enough but the theory of the Free
Market only works in a really free market. The US is not a free market
in those areas which require large investment. There are numerous
franchises
which are monopolies. There are prejudices and laws which support the
rich and certain
institutions that favor the rich, like the military and big
corporations.
The list of laws which give advantage to the rich includes sales tax,
social
security tax, electric rates and the loss of labor rights. Numerous
laws
also protect or subsidize industries like sugar and big farming. The
rich have
powerful foundations and other institutions to promote their agenda.
They
maintain that they deserve enormous wages which is nonsense. They
promote
"supply side economics" which economists admit is false.
The difference between slavery and equality is the difference
between
an unfair and a fair price. A fair price is not "what the market will
bear."
It is based on an equal distribution of reward and
sacrifice.
Consider the story of the Hunt Brothers and the silver market. It
goes
something like this: (See the whole story in Grider's "Secrets of the
Temple.")
The Hunt folk went to a bank and asked to borrow $300 million. The bank
said fine and off they went with a cool $300 million. They went on to a
second bank and asked for $400 million. They got it. They used this
money
to try to corner the silver market. The price of silver went up and up.
The scheme wasn't working too well so they went to a third bank and
asked
for $600 million. They took that and bought even more silver.
Unfortunately
the market was too big to corner and when they stopped buying the
market
dropped drastically. That means all the money they put into silver
evaporated.
They went bankrupt. Then they went back to the banks and said "Hey
buddy,
remember all that money we borrowed? Well we can't pay you back." The
banks
were in serious trouble. They were about to go under. So they called
the
Chairman of the Federal Reserve, Greenspan, and
he called a little meeting of the banks. After the meeting he announced
everything was going to be fine. The taxpayers would pay for it all.
Do you think they would do as much for you? Well this is proof of a
ruling establishment.
2. Serious World Problems
a. Overpopulation
- The earth is finite. With a fixed technology it can only support
a
fixed
number of folk at a fixed living standard.
- Human activities already threaten the biosphere. International
governing
bodies meet regularly to impose restrictions on chloroflurocarbons,
sulfur
and particle emission, and CO2 emission.
- The population continues to increase exponentially.
- Each technical advance can only improve the living standard by a
fixed
factor. A population increase by that factor will undo the improvement.
- Technical advances are slowing in magnitude in a negative
exponential
fashion.
This is a result of the sciences becoming mature (which means the easy
discoveries have already been made).
- Social inequality results in a fixed factor of living standard
reduction
(for the poor). Its alleviation has the same limited effect as a
technical
improvement.
- Scientists have determined that there is no technology that will
provide for our energy needs for more than a single generation time.
Numerous famous scientists and others have warned us that the planetary
carrying capacity is about to be exceeded. The world population is
going
to be cut down one way or another. By 2075 it will be down to only 2
billion. We can only decide if it will be by
planning or disaster. The population rise is an exponential function
which
will exceed all resources with mathematical certainty unless it is
halted.
We are cheating ourselves of our future, unless we end the population
explosion.
Approach: - Ultimately if necessary the Chinese method could be
adopted. That
means
strict laws mandating one child only. However long before considering
such
drastic measures it would behoove the politicians to speak out and
demonstrate
a little leadership. They could call for less motherhood and Federally
fund abortions.
b. Environment
The destruction of the environment is proceeding faster than ever. We
will
soon live in a very bleak world unless something is done to halt
unneeded
development and wilderness loss.
Approach: - I support the environmental programs of the Sierra Club,
Wilderness Society,
Greens, Friends of the Earth and others. We all know what to do. It is
only certain Right Wing organizations that stand in the way of progress.
c. Inequality
This means economic justice too. The legal privilege of the rich and
corporations
is not equality. The United States is breaking up into two classes-the
rich and the poor.
Approach: - For information on the latest scams see Citizens
for Tax Justice. Here is where real politics is needed. We need to
help elect liberal candidates.
- My paper US Foreign Policy Abuse, is fast becoming old history.
d. Corruption
Dishonesty is rampant in business and government. This includes the
media
hypocrisy. They make like they report news, but hide most of it. The
media
bias is exposed by
FAIR -- Fairness &
Accuracy
In Reporting
Approach: - A dual effort is needed here. First bypass the failed
media using
the Internet
and organizations like Media Watch and Vote Smart. This is an easy
networking
effort. Second once again the vote counts.
e. Military Spending
The US could get by with a tenth of its present spending. The extra B2s
and Fleet Ballistic Missile Submarines are among the biggest wastes.
Approach: - As before, elect liberal candidates.
3. Politically Correct History
The United States is still suffering from cold war hysteria. There are
still folk who say the Soviets were responsible for the hostilities. It
turns out that each major escalation in weapons was led by the US.
ICBMs,
FBM submarines, MIRV, ABM, Star Wars all were US inventions, and US
escalations.
The US has consistently used military force to support foreign business
exploits and dictators. In countries where popular revolts occurred
against
these dictators it has been customary to call the popular forces
communists.
Left Wing - liberal opinion and
politics
is the most compact and extensive liberal organization index I have
found.
See also: New World Media, or Z
Magazine, and Left On
Line.
More liberal sites: The Center
for Voting
and Democracy, and hard hitting Radio
for Peace International.
Or read my Untold History of the United States.
4. The Foundations
Enormously powerful institutions abound in the Washington and New York
area which are funded by corporations and which serve as propaganda
mills
for the right wing. Ronald Reagan had the nerve to make most of his
appointments
from these right wing think tanks, and some appointees habitually lied.
Some prejudiced outfits: Cato Institute, Heritage Foundation, Hudson
Foundation,
Brookings Institute.
William A. Dembski, another rising ID star, is a mathematician and
senior fellow at the Center for the Renewal of Science and Culture, an
anti-evolution project of the Seattle-based Discovery Institute.
5. Book reviews
I have reviewed a number of Economic books. Take your pick of
Secrets
of the Temple, America Who Stole the Dream, Crimes of a President in my
reviews.
6. Dialog
I have argued with free market and Libertarian nuts until I was blue in
the face and they did not hear a single word. They defy logic and
reason
so bad, I wonder if they read any history. Federal regulations do more
than save lives, they make commerce possible. The degree of cheating in
the free market is unbelievable.