Wednesday, 9 January 2013

Corporatists not capitalists

I found this gem of an explanation of contemporary elites in the comments section of a popular blog. The commentators nom de plume was Chris Z.
A common misconception is that the wealthy are capitalists. Most of the biggest enemies of laissez-faire capitalism (ie. the real kind) are in fact people who are only called capitalists. The reason for this should be pretty obvious - people who have amassed great wealth and power (often with the help of the government) seek to keep competitors at bay. The best way to do this is to lobby the government for subsidies and protection from competition. Paradoxically, a regulation that seems to hurt big business often has the opposite effect, e.g. restricting new coal mines or oil refineries makes existing ones worth more, thus enriching their owners, and prevents new competitors from entering the market. Gore became fabulously wealthy by exploiting the global warming panic (which he whipped up into hysteria), and cashing in on the massive subsidies paid by the government, as well as regulations that forced people to buy ‘carbon offsets’.
These people aren’t capitalists as the word used to be understood, they are corporatists who wouldn’t stay wealthy for long in a real free market. I don’t think terms like left wing and right wing are particularly helpful, but because these so-called capitalists are the biggest supporters and the biggest beneficiaries of big government, I would say they are left wing.
 
Oh well said Chris Z...Corporatists!
Thus falls the woollen veil that has been so skillfully pulled over the eyes of those who do not want to see...here I speak of the main-stream-media who use these wealthy, big government Trojan horses to attack 'capitalism' and keep the unreflective men-in-the-street from understanding that true free market economics impedes big government totalitarian rule.
When we allow big government to rule we allow an elite few inner urban red/green extremists to guide our every move and thought.
Welcome to the future Big Brother and I don't mean the TV show. We are not far away now.

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