Posted by
Chad MacINNES on Sunday, October 04, 2009 2:55:31 PM
The statists and the Marxists pursuing their radical and revolutionary agenda have found themselves in an ideal position to deal a devastating blow to capitalism. They are doing so by calling our current system- the one that is on the verge of collapse- “capitalism.” The fact is that this is not so. The fact is that our system is not capitalist, and our markets are not really free, as they have been quietly undermined by decades of misguided economic policies firmly rooted in Keynesian interventionism and in inflationary monetary theory. Simply put, for true capitalism and free markets to exist the individual consumer, or what Adam Smith termed “the invisible hand,” is what determines whether a business succeeds or fails, what prices of various goods should be, and how they ought to be produced.
For true capitalism and free markets to exist they must be free of the coercive power and influence of government. They may be moderately regulated, but not managed. For true capitalism and free markets to exist, individuals must be free to conserve or distribute the fruits of their labor as they see fit. For true capitalism and free markets to exist the money that is the life-blood of the system must be sound; it must be free of manipulation and inflationary practices, and the only way to assure this condition is to attach it to something of understood and accepted value and worth, such as gold. (
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