All that the American economy has gone through over the last decade is not a “crisis of capitalism,” understood as a truly free market, but the crisis of the government managed and manipulated system of economic control, command and accompanying corruption.
The assertion and repetition of “white privilege,” “the one percent,” “social justice,” “racist,” “gay-basher,” “LGBT-hater,” “gender insensitivity,” etc., have had numbing effects on private and public discourse.
“Socialism, or the reliance on the state for help, stands in antagonism to self-help, or the activity of the individual.”
The corruption of government officials seems to be as old as recorded history.
The fact is, “society” is ultimately made up of individuals who, over centuries of slow and truly enlightened thought and controversy, have come to be considered to possess certain inherent and unalienable rights to life, liberty, and honestly acquired property under an appropriate system of an impartial and unbiased rule of law.
The Inca rulers imposed on almost all in society a compulsory equalitarianism in virtually all things.
Never before in history had a people declared and then established a government based on the principles of the individual’s right to his life, liberty, and property.
Greater monetary freedom would not only give every citizen a legal right to protect and secure his income, wealth and market transactions from abusive mismanagement of the government’s monopoly monetary printing press. It could also serve as a check on the degree of such government abuse.
Say’s Law of Markets already included the answers to the questions against free markets with which the Keynesians attempted to challenge the efficacy of capitalism a century later.
The task is not to be on some mythical “right side of history,” but to make history reflect the triumph and success of the idea and ideals of human liberty.