The Awesome Truth About the Free Market
Okay, so the basis of My Freedom Flame is all about pursuing passion, but something very few realize is if one wishes to pursue their field of dreams, they should have an understanding on how to break into the market.
Unfortunately, the free market is demonized for being the main reason for income inequality in America and that America has the largest gap of income inequality in the world. The above is a claim and since this is an opinion post, I’m not doing any sound research on this claim because if I did, people would just call me biased.
Okay, so the claim is America, the “free market” capital of the world, the World’s Largest Capitalist Country, and a place the rich expose the poor. Well, only one claim is true, and it’s the final claim. The rich do expose the poor, but it’s not how one would think.
I posted a nice article earlier today about reckless government spending and how it kills purchasing power, so here’s a link to it to help you understand this article more.
However, the free market is an innocent victim of Corporate America, which hates the free market. In fact, corporations hate what Karl Marx termed capitalism. Corporate entities and their higher-ups despise capitalism, because capitalism brings two things to the forefront which will threaten a corporation:
So, socialists tend to be correct when they claim corporations own us, because they do, because they force us to buy and use inferior products, but where socialists go wrong is they blame this on the free market.
Uh, why not blame government?
Want to know how this works?
You scratch my back, I’ll scratch your back.
Weapons manufacturers for the military-industrial complex: Buy our weapons, we’ll donate to your future campaigns to help keep you in office.
Lobbyists for corporations: Hey, pass these barriers to entry in our markets and we’ll donate to our campaigns.
Oh, and by the way, you’ll have a nice, cozy higher-up job once you retire from public office if you would like one.
Guys, government policies are orchestrated by corporations.
This isn’t capitalism. It’s not the free market.
Why Does the Free Market Work?
Okay, so imagine if government didn’t interfere, as it’s not obliged to, in the market. The following would happen:
1) Fair wages would exist: Employers want to keep their employees happy, especially when these employees are productive. Why would they pay them less, only to see them go somewhere else?
2) Corporations can’t own anyone: Regulations are gone, so corporations have to continue innovating with the latest product or they’d be out of business. With fewer regulations, cost of production is cheaper, which will allow companies to produce more, consumers can consume more, and jobs remain at home in the US.
3) I know we’re conditioned to believe in regulations, typically environmental. Guess what? I’m an environmentalist who hates government regulation. Why? Because government, like grease, will slowly kill the environment. What makes sense, then? Well, if someone is profiting off the land, wouldn’t they continue to grow what they’re profiting? Perhaps, if in the case of deforestation, why not continually plant new trees? Many will argue these companies would just buy more land. Okay, but why would they hold deforested land? They can’t profit off it anymore. Therefore, to continue profiting, they’d sell it to someone else. Perhaps an environmentalist?
4) So, what if people are being poisoned by fumes due to zero regulation? Well, since government is taken out of the equation, it lands with the judicial branch, and all people of certain towns or cities need is evidence. And for corporations releasing fumes into the air, it’d be pretty tough to hide. Therefore, it’s hazardous to one’s health, which a plaintiff can use in the courts.
5) Barriers to entry cease, because again, the free market encourages innovation. So, people who are constantly improving an existing product or inventing a new one will be able to do so.
6) What about pricing? So many say the capitalists make things cost a fortune. That’s a monopoly, folks, and the biggest monopoly today is the federal government and all their branches. If one enters the market with an idea, their goal is to profit. With high prices, profiting isn’t easy.
7) Well, capitalists are greedy? Well, not really. People colluding with government are, and since government has been responsible for creating the Federal Reserve Bank and the warfare-welfare state while colluding with “evil” capitalists so each can profit off the middle-class’s tax dollars, I think the socialists are greedy.
8) But, everyone gets a fair shake in socialism. No, a small minority elite gets to keep the loot and pass the remainder to everyone else. In socialism, the means of production is distributed equally, and in a country of 330 million people, the resources are too scarce. Also, government doesn’t produce. It’s never produced anything but a currency that’s getting weaker year after year.
9) If you’re a writer, painter, sculptor, singer, or anything related, you’re an entrepreneur, and the only place entrepreneurs truly succeed is in the free market, because the free market is run by the people. If the people like the product, they’ll buy the product and said product increases in market value.
10) What if a business gets too powerful in a free society? Stop shopping there. People point to Wal-Mart. Look, where my parents live, there’s Wal-Mart, Kroger, and Riesbecks. Riesbecks is the small chain. Guess where those supporting small business shop? Where you shop is where you support.
11) But, capitalists expose the working class! Well, no, that goes back to government regulation, which increases costs of production. It also goes back to people, and I preach this often, getting conditioned to be lenient on corporations and government. As a society, we’ve forgotten about self-reliance and living within one’s own means. If you’re looking to create and innovate, you’re a capitalist.
12) But, they still expose the workers! Look, in a free market society, workers have the power to innovate and create. Remember, I always preach about working a job while pursuing passion. If you’re following my blog and are a socialist, but have been agreeing with me until now, I’ve been preaching capitalism since the first article.
Capitalism, or as I call it, free market economics, isn’t the bad guy. In fact, it’s the good guy. It all comes down to what one wishes to pursue in life. In America, we have a lot of government intervention, and it never does well. I see the Fight for Fifteen mantra everywhere, but no one realizes this would further devalue the dollar, raise prices because cost of production would rise, and it would lead to job cuts and unemployment would skyrocket.
Many point to places like Europe where they see low unemployment rates with higher minimum wages. However, we need to realize unemployment is only measured if one is unemployed and in the work force. If they’re not actively looking for work, they’re not considered unemployed. This totally thwarts the unemployment percentage both at home and abroad.