Monica Crowley was on the Bill O’Reilly’s television program this week.
They both asserted the superiority of capitalism and Monica added something to the effect of needing government to check the excesses of capitalism. Sounds reasonable, no? Not so fast.
You see, politicians, regulators, central bankers (aka government) have been trying to check the excesses of capitalism since the early 1900’s. They’ve tried taxes, regulations, manipulation of interest rates, government spending, public provision of services, the war on poverty, the war on drugs, import tariffs, bans, wars against other countries. There’s no end to the social engineering and interference in our lives.
We are now at the point in history where they’ve checked it so much the capitalist organism is crippled. Hence the economic stagnation, discontent, fear and anger.
No, government’s basic job is to protect life, liberty, and property. That’s enough to keep it busy.
We need to guard against government’s excess control of capitalism.