Somewhere, somehow the myth grew up and has become far to often believed that capitalism, or the free market, causes a growing disparity between rich and poor. Perhaps this
Members of free societies are more equal in material things than those who live in non-free societies. This should surprise no one who has been properly educated in both economics and history.grew out of the lie that the market caused the stock market crash of 1929 and the subsequent economic collapse. A careful study of history will reveal, however, that Federal Reserve policies caused the crash, and that socialist government policies made the economic malaise far worse.
In his book, Free to Choose, Milton Friedman states
Nowhere is the gap between rich and poor wider, nowhere are the rich richer and the poor poorer, than in those societies that do not permit the free market to operate. That is true of feudal societies... It is equally true of centrally planned societies, like Russia or China.Conservative economists pooh-pooh the fact that now in the United States the disparity between rich and poor is growing.
The biggest problem connected to the fraud of man-made global warming is an economic impact that does not need to be.They shouldn't. There's a rotten reason for the widening chasm--government is handing out special favors to lobbyists, ethanol growers, pharmaceutical companies, companies with foreign operations, and large farming operations, and many more.
When government controls the economy, the populations of rich and poor may change slightly due to who knows whom, but the disparity between the haves and the have-nots is bound to increase dramatically. It's unfortunate that this simple and repeatably provable lesson of history is grasped by so few.
When force is enshrined into law, two things happen. First, people's values come into conflict with the clearly unnatural law, and respect for the law breaks down. Because the law has become unnatural, more and more people decide that the only way to keep up with the law is to get a handout before someone else does. Second, those who enjoy employing that force begin gravitating towards government. Not so surprisingly, those who apply the force know how to get around the laws, applying them only to everyone else. While the masses of new serfs get their pittance, those at the top of the power chain become fat at the trough of government.
Milton Friedman continues
...all of the great wonders of the modern era have meant relatively little to the wealthy. ...the great achievements of Western capitalism have redounded primarily to the benefit of the ordinary person.The biggest problem connected to the fraud of man-made global warming is an economic impact that does not need to be. If the policies succeed of those who claim that this chimera is truth, and who therefore want more government control over the environment, millions of third-world inhabitants will be consigned to a forever of poverty.
It is no accident that the members of free
How is it that Americans have become accustomed to expect government to solve problems of economic inequality, when in historical reality government's meddling control always makes such things worse?societies are more equal in material things than those who live in non-free societies. This should surprise no one who has been properly educated in both economics and history. Societies governed by freedom not only allow individuals to benefit society as a whole by using their own energies to pursue their own objectives, but also prevents monopolists or other government agents from arbitrarily suppressing the freedom of others.
Monopolies are nearly always established through the help of government. In a free society, monopolies fade away. How is it then, that Americans have become accustomed to expect government to solve problems of economic inequality, when in historical reality government's meddling control always makes such things worse?