-Caveat Lector-
[EMAIL PROTECTED] wrote:
We tried "pure capitalism" once it was called the 1900s and
the industrial revolution. Every one seems to forget about
how nice it was. Try reading about how great it worked how
every time a robber baron made more money his workers got
nothing.Not to mention the depressions that are inherent
to "pure capitalism".
MJ:
America was never 'purely capitalist'.
The 'ignorance' (no disrespect intended) of your statement above
sheds light on how well a government in need of power has succeeded
in spreading their mythology -- Big Bad Freedom needing a Politician
to ensure his whimsical policies provide the illusion of benefit.
For so-called 'Robber Barons' ... begin with Folsom's _MYTH of the
Robber Baron_.
For so-called 'inherent depressions' ...
A depression is a large-scale decline in production and trade; it
is characterized by a sharp drop in productive output, in investment,
in employment and in the value of capital assets (plants, machinery,
etc.) Normal business fluctuations, or a temporary decline in the
rate of industrial expansion, do not constitute a depression. A
depression is a nation-wide contraction of business activity -- and
a general decline in the value of capital assets -- of major
proportions.
There is NOTHING in the nature of a free-market economy to cause
such an event. The popular explanations of depression as caused
by 'over-production', 'under-consumption', monopolies, labor-saving
devices, maldistribution, excessive accumulations of wealth, etc.,
have been exploded as fallacies many times. (refer to _Capitalism
the Creator_ by Carl Snyder, The Macmillan Company 1940)
Regard$,
--MJ
The policy of the American government is to leave their
citizens free, neither restraining nor aiding them in
their pursuits. -- Thomas Jefferson to M. L'Hommande, 1787
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