"Some politicians believe that less regulation, spending and taxes will help the economy -- this belief comes from a longstanding blind faith in the so-called "free market."
Doesn't that sound a little bit like "Let go, let god" or "Let the freemarket rule", or "Let's get rid of goverment"?
Imagine a two-legged stool, one leg is owner of capital, another is government. What happens if the owners of capital gets out of balance with government?
Let's imagine a three-legged stool, one is owners of capital, another is government, the third is owners of labor.
What happens if owners of capital gains an advantage and gets out of balance with the other two legs?
What happens if owners of labor gains an advantage and gets out of balance with the other two legs?
What happens if government gains an advantage and gets out of balance with the other two legs?
Sweden has a three-legged type of government. Costs of health care, education, child care and elder care are decided by the three segments represented by the three-legged stool.
The conservatives that ramble on about Capitalism and free markets really make me mad. They are the same people who constantly support huge government subsidies to oil companies and large agricultural businesses. No nation could ever be successful if it were a pure Capitalistic society. Our society will always be a mixture of Capitalism and government. When right-wing politicians blather on about free markets it’s another simplistic mantra chanted to lead the uninformed masses to believe that America is something it isn’t. Business knows it can’t survive without government assistance it just likes to pretend it’s more capable than it really is.
Jonathan, you stated it perfectly.
Couldn't agree more Jonathan, anyone in the US who believes Socialism is the big evil really needs to take another look at the hard facts, under Dubya, government became bigger than ever, much bigger than any administration before it.
An example of Socialism in action is Medicare, the Right like to think everything is better under private control, without the taxpayer subsidies and favorable treatment by the States most of them wouldn't even survive.