“free markets don’t work and never have”

Another day, another rant:


“In a speech delivered at Osawatomie High School in Osawatomie, Kansas, on Tuesday, President Barack Obama argued that while a limited government that preserves free markets “speaks to our rugged individualism” as Americans, such a system “doesn’t work” and “has never worked” and that Americans must look to a more activist government that taxes more, spends more and regulates more if they want to preserve the middle class.”

Excuse me, President Solyndra™, Socialist-in-Chief™, just what-the-f*** do you mean “free markets have never worked”?

Take a look at the inconvenient graph about a quarter way down this web page that shows GDP per capita in constant dollars:


For the innumerate fools like the president, that’s essentially 50 years of linear growth in the GDP per person in constant dollars, and the growth is about 270%, or 5.4% average annual increase in GDP per person in constant dollars.

So, “free markets” don’t work and never have? Whatever OurDearLeader™ is smoking would make Walter White’s Crystal Blue meth on “Breaking Bad” seem like Baby dosages of Bayer Aspirin.

Here’s the real unvarnished truth; when collectivists like the President claim free markets “don’t work,” they are using the Progressive “code talk” that actually means “does not produce the egalitarian fantasy of equal outcome.” That’s the dirty little secret of President Obama, Bernie Sanders, and the rest of socialists in the Democrat Party and their sycophants in the media — they aren’t really in favor of growth or jobs or wealth creation — they are instead obsessed with “equality of outcome” that is unattainable in any system of free exchange in a population of dissimilar talent, ability, and industriousness. And to achieve such a goal that is unattainable in a free system, they of necessity must resort to the use of force — coercion — to try to force their preconceived outcome. The results of government intervention and coercion in the marketplace are ever the same; disastrous over the long haul.

Here’s a graph showing several other countries compared to US GDP per capita in constant dollars, ranging from Cuba and Russia, to Greece, Spain, and Sweden, and the UK:


The truth contradicts Obama’s astounding claims, revealing the inevitable growth-stifling outcome of socialist intervention in the economy. Government intervention, rather than yielding equal success, assures stagnation, and that the only growth industry is crony socialism, in which corporations compete to curry favor, investments, and regulatory capture at the whim of whomever is running the government du jour.

– Longshadow in Vermont


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