Marxists and Marketists...cut from the same cloth
The closest twin we have in America today to the communists and Marxists in Russia are the 'Marketists'; conservatives, libertarians and 'free marketeers' who have turned government nonintervention and 'laissez faire' into a religion. It has created 'malaise faire'
If libertarians are correct in claiming that they understand how best to organize a modern society, how is it that not a single country in the world in the early twenty-first century is organized along libertarian lines?
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[ame="http://www.amazon.com/Myths-Free-Market-Kenneth-Friedman/dp/0875862233"]MYTHS OF THE FREE MARKET[/ame] - Blind Faith
The gap between rich and poor is now the widest in US history. This is disturbing, for if history is any guide we have unwittingly placed ourselves in grave danger.
Over the last millennium Europe has witnessed long cycles of widening and narrowing economic disparity. In each cycle, once the gap between the rich and the rest widened beyond a certain point, it presaged decline and disaster for all of society, the rich as well as the poor. Could we be seeing the first tremors of a new cycle, the outliers of the next menacing storm? In recent decades, many US citizens have come under increasing financial pressure. Since the 1970s, our number of working poor has increased sharply. Nearly all of our much-vaunted newly-created wealth has gone to the richest.
For a country that has prided itself on its resourcefulness, the inability to address such problems suggests something deeper at work. There is something, powerful but insidious, that blinds us to the causes of these problems and undermines our ability to respond. That something is a set of beliefs, comparable to religious beliefs in earlier ages, about the nature of economies and societies. These beliefs imply the impropriety of government intervention either in social contexts (libertarianism) or in economic affairs (laissez faire).
The faithful unquestioningly embrace the credo that the doctrine of nonintervention has generated our most venerated institutions: our democracy, the best possible political system; and our free market economy, the best possible economic system. But despite our devotion to the dogmas that libertarianism and free market economics are the foundation of all that we cherish most deeply, they have failed us and are responsible for our present malaise.
The pieties of libertarianism and free markets sound pretty, but they cannot withstand even a cursory inspection. Libertarianism does not support democracy; taken to an extreme, it entails the law of the jungle. If government never interferes, we could all get away with murder. Alternatively, if the libertarian position is not to be taken to an extreme, where should it stop? What is the difference between no government and minimal government? Attempts to justify libertarianism, even a less than extreme position, have failed. Laissez faire, or free market economics, characterized by minimal or no government intervention, has a history that is long but undistinguished. Just as the negative effects of a high fever do not certify the health benefits of the opposite extreme, hypothermia, the dismal failure of communism, seeking complete government control of the economy, does not certify the economic benefits of the opposite extreme, total economic non-intervention.
"The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government."
Thomas Jefferson to the Republican Citizens of Washington County, Maryland" (March 31, 1809).
The selfish spirit of commerce knows no country, and feels no passion or principle but that of gain.
Thomas Jefferson - Letter to Larkin Smith (1809).