I wonder. I wonder why people in power believe so highly in “laissez-faire” economics, but then…I looked deeper. And, I wondered if “laissez-faire” can even exist? People equate such a term with phrases like “let the market decide”. Many of my staunch GOP friends go as far as to equate it to Social Darwinism. And, that made me think even deeper…
Remaining true to Social Darwinism, and the like, why would a government bail out corporations like Chrysler, or the airline industry? And then, looking deeper, I think about, now as perhaps always, the market DOES NOT behave on its own nature, like physics, but it is OBVIOUSLY controlled by the movers, the shakers, and the spin makers…like Enron, the iceberg of America’s titanic economy.
Does the little investor really stand on a level playing field?
So, can there really be a true “laissez-faire” economy? Or, does it another bad theory that, put into practice, would soon tear itself apart? …And, after asking myself such questions, there can only be ONE conclusion. Even “laissez-faire” is NOT laissez-faire for those who hold the gold make the rules.
I hope those who defend “let the market decide” thinking come out of their myopic, protective shells and start seeing not just the error of their ways, but the damage, too! Did you ever stop to wonder, too…? - Jinx