Severe Impediments to National Economic Recovery and Prosperity

Today, this nation is sadly witnessing the Leftist attempt to go full force into a social-market economy, in a European-style movement, toward collectivism through acts of nationalization, overregulation, and similar acts of massive interventionism to be used for destroying or trying to defeat the purposes of free-market economics. 

Various economic myths are now being brought forward in the service of the progressivist ideology that is, increasingly, regnant in this nation such as, e.g., the pro-interventionist myth that a corporation or even an entire market sector is “just too big to fail.” 

This is absolutely ridiculous from the intelligent point of view of free economic activities regarding a genuine market economy dedicated to economic liberty because it is the forever overall market that always matters, not any entities subordinate to the greatest reality involved.  The plain and obvious error is correctly seen if it is logically compared to idolatry, which is the making of the worship becoming greater than the god itself.  Thus, one sees that capitalism, meaning the iron triangle of Big Government, Big Business and Big Labor, is opposed to true free-market economics, as is testified to by the Austrian School of Economics (ASE). 

Capitalism necessarily and functionally supports interventionism and has reciprocity with collectivism in terms of state-capitalism or neo-mercantile-capitalism that supports central-banking systems (e.g., the Federal Reserve System), tariffs, quotas, subsidies, corporate welfare, various other anticompetitive practices, and, in general, any other associated efforts of protectionism used to willingly destroy free-market activities as much as possible.

In manifestly sharp contrast, free-market economics, as rightly defended by the ASE, strongly favors competition, innovation, invention, risk, entrepreneurship, and other positive, creative, and dynamic features of genuinely free economic activity in support of a true market-oriented economy.  Therefore, keeping in mind the highly important distinction between capitalism and free-market economics, it is clear that the latter agrees fundamentally with the thinking of interventionist-oriented states. 

The incredibly lame dis-economic excuse that “systemic institutional failure is unacceptable” is, thus, a fallacy engendered by collectivist-inspired cognition, not by any free-enterprise economics.   The too-big-to-fail syndrome is an ideologically-inspired bit of vile political rhetoric deliberately designed, therefore, to conveniently confuse and confound thinking; this is, of course, by creating the idolatrous worship of basic interventionism done under various disguises, terms, and euphemisms.

Conclusion

Thus, the redistributionists, Fabian Socialists, handling present government policies and programs will help significantly retard needed economic recovery and prosperity by shrinking the upper-class strata, sucking capital out of the private economy, growing the national debt into enormous proportions that will burden many future generations to come, and spreading interventionist propaganda with cognate activities aimed at substantially crippling the private sector of the economy. 

Oh, yes, a temporary but totally false recovery will yet occur, which is not at all surprising due, of course, to the literally trillions of dollars being so wildly pumped into the economic system — it  would, thus, be thoroughly impossible and quite an absolutely true shock if such a pseudo-recovery did not, in fact, ever happen.  However, no nation has ever spent its way toward prosperity; if nothing stops the present trends, the basic Weimarization of America will then certainly occur— and, it is, unfortunately and terribly, quite historically well known what must come after Weimar.

But, the cost of living (officially “repressed” or simply real inflation) will eventually skyrocket as the standard of living correspondingly plummets heavily, meaning as the economy enters into the fantastic lower depths of this new, second,  great depression in American history.