Monday, August 9, 2010

Central Planning Or Capitalism?

My blog most probably shuts down after this post as there will be too much light shed on cockroaches.

Per Wikipedia


Is an economic system in which the means of production are privately owned, supply, demand, price, distribution, and investments are determined mainly by private decisions in the free market, rather than by the state through central economic planning or through democratic planning,  profit is distributed to owners who invest in businesses, and wages are paid to workers employed by businesses. Capitalism also refers to the process of capital accumulation.

Central Planning:

Refers to any directing or planning of economic activity by the state, in an attempt to achieve specific economic or social outcomes. Planning is an economic mechanism for resource allocation and decision-making in contrast with the market mechanism. Most economies are mixed economies, incorporating elements of market mechanisms and planning for distributing inputs and outputs. An economy primarily based on centralized planning is a planned economy, where resource allocation and quantity of goods to be produced is determined by a comprehensive plan of production specifying mandatory output requirements.

Now what kind of system do you think the United States Of America currently has and has had for the last 100 years?

If you guessed Capitalism, please go and hang yourself while watching Big Brother on TV.

Does anyone think that the energy and defense industries would exist today if the Federal Government wasn't extending subsidies?

Does anyone think we would have a banking system if it wasn't for Treasury or the Fed?

The whole idea of the Federal Reserve Board is 100% Central Planning! What we have is a plutocracy on steroids.

We need to bury this idea of Free Market Capitalism. We have never had free markets and its a long way from what capitalism really is.  Its just another way for big business and kleptocrats to keep stealing money from the rest of us.

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