Xtreme Economics: “FREE” vs. “FASCIST” Economics     

The FREE   vs FASCISM

BASIC ECONOMICS

the invisible hand of “supply and demand”

vs

social engineering”   

*                                               

natural laws (“science” – life, liberty, property)

vs

political rules   (“political” science – POWER)

*

Capitalist (no contraint “laissez faire“)

vs

COMMAND (centrally planned – controlled)

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choice/competition (Social Darwinism)

vs

COOPERATION (“It Takes a Village“)

*

MARKETS

OPPORTUNITY   vs   OUTCOMES

(process – every starts the same)

(products/results – everyone ends the same)

FREE markets  (pursuit of happiness)

vs

FAIR markets (anti-greed “social justice”)

individual CHOICE – “open”/no constraints

vs

group CONFORMITY (controlled/closed)

WEALTH and POVERTY

PROCESS (individual “pursuit of happiness”)

vs

PRODUCTS  (mob “social justice”)

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capitalism created unprecedented wealth (ALTRUISM)

capitalism creates destructive & divisive greed (ALIENATION)

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GENERATE-EARN (creation-earn) vs  RE-DISTRIBUTE (re-distribution)

*  GROW the PIE

vs

SHARE the PIE  

pro-Industrial Rev.– the BLESSINGS of production (The Great Enrichment)

*

anti-Ind. Rev.–the BURDENS of chaos/destruction 

INequality of MORE –  unequal blessing

vs

EQUALITY of LESS (sharing misery?)  

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entrepreneurship – high risk/reward (PROFITS)

vs

social justice – collective (PHILANTHROPY)

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tragic” greed – acceptance allows pursuit of happiness

vs

utopian” LEVELING – “common good

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unintended consequences – “hand-outs” produce “dependency

vs

destructive & divisive greed

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EARNED wealth causes prosperity  

CLASS WARFARE

“EXPLOITATION”

causes poverty millions

*

raised, become “middle class

*

a permanent “under class” – resentment of “rich”

making-creating “HAVES

*

protecting “HAVE NOTS” –

leveling the “haves”

*

making rich poor-er does not make poor rich-er

victimization – the rich make the poor (zero-sum game)

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promote prosperity (pro-“rich”)

vs

prevent poverty (pro-“poor”)

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greedy/strong game the system (the Jungle)

vs

envious/weak game the system (the Nanny State)

*

MAKERS  (e.g. Wall Street “robber barons”)

vs

TAKERS     (e.g. welfare “queens”)

*

poor “parasites” on “producers

wealthy “parasites” on poor “exploitation”

*                                                                                                                                                  trickle DOWN? wealth – promote prosperity/profits

VS

trickle UP? poverty – prevent poverty-philanthropy

ECONOMIC “SYSTEMS”   

Capitalism  VS Communism  VS  Socialism

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(individual) private enterprise

VS

(group) collective endeavor

VS

“mixed” private & public–state domination

*                                                        

laissez-faire freedom (Smith)

EQUITY – redistribution of wealth (Marx)   “totalitarianism” (Mussolini)

*

PRO Industrial Rev.  VS ANTI-Industrial Rev  VS  POST-Industrial Rev (mixed “Third Way”)

ROLE of GOVERNMENT 

free market CHOICE and COMPETITION

vs

COLLUSION  (Wall/”K” Street vs Main Street)

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laissez faire (‘let it be” – invisible hand – no govt. “interference”

VS

-anti-monopoly (govt. regulation)

VS

anti-competition”crony” capitalism (big govt.-business COLLUSION)

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“PROTECTION” vs “PUNISHMENT” (“gaming the system”)

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PROTECT “ORDER”

VS

PREVENT “CHAOS

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COMPETITION

VS

COOPERATION-COLLUSION

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protect-promote INDIVIDUAL  PROPERTY RIGHTS –

VS

COLLECTIVE GOOD (corporate profits)

VS

“MIXED” – COLLUSION – COLLECTIVE –

pro-state Big GOVERNMENT-BUSINESS collusion  vs “citizens-masses”

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POWER: LITE – MEDIUM – HEAVY

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“FAT CATS” vs “FORGOTTEN MAN” vs FASCIST STATE

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“The JUNGLE” (“pimps 1) vs  “The CON-TRICK” (“players” 2) vs “The GAME” (pigs)

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PROFITS (personal-private) vs PRIVILEGE (partial) vs POWER (total)

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COMPETITION VS COLLUSION VS CONTROL

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COMPETITION (citizens) vs COLLUSION (combinations) vs CARTELS (conglomerates-complexes)

*

LEVEL (free markets) vs LEVEL-ed (“manipulated” market” vs “LEVERAGED” (“mastered”) market

*

MARKETs vs MANIPULATIONs vs MONOPOLIES

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“PROTECT” – productive enterprise-entrepreneurship (“MAKERS’) –

“open” opportunity’

VS

“PUNISH”

RE-DISTRIBUTE (“TAKERS”) wealth –

LEVEL-ing income; “progressive” taxation

*

“ALL IN” (pro players) vs “FIXED GAME” (pro protection) vs “GAMED SYSTEM” (pro played)

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“open” OPPORTUNITIES

VS

limited-controlled OUTCOMES

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“LIMITED” TAXATION – less is more

VS

PROGRESSIVE” taxation –  rich pay proportionally more

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pro-growth promoting risk/wealth [pie] – MAKERS

VS

share the wealth [pie] – TAKERS

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PRIVATE-INDIVIDUAL “INTERESTS”

(the “INVISIBLE HAND”)

VS

TOTALITARIAN collective good

(the “IRON FIST”)