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all the remarks of Swilly are right on point.
For those who have access there is an interesting article in this weeks Economist on this very point. In essence, the article concludes that boosterism of how Superior the USA is to Europe are largely illusory. In fact the Europeans on several very important economic indicators excel the USA. Lower debt, greater income equality etc.
God, how much I despise the mindless statements the USA is a free market paradise. Thats an outright lie. In fact the ECB has far greater monetarist credentials than the Federal Reserve. The governments in the European Union spend money on welfare, the USA government spends money on prisons for the 2 million people in jail. Both are government wealth transfers, yet social welfare gets right wing scorn and jails get right wing praise. The West Europeans have universal health care, the USA has a grossly inefficient and wasteful health system etc etc.
Heres a bit of hosest truth, NO CORPORATION WANTS FREE MARKETS IF THEY CAN HELP IT. The corporations want free markets for the sources of their materials and the labour that makes their products to force the cost of manufacture down but they want monopolies and subsidies when they sell them. So what really happens is only the weak get the wonders of the free market, the corporations get subsidies, tax cuts, protectionism and big fat government contracts that arent up to competitive bidding.
The USA government is a wealth transfer system from the taxpayers to the big corporations and yet I don't think I have ever heard any right wingers ever complain or argue about the protectionism that is extended to the big corporations. This is what has happened to the USA:
State capture
Is defined as "the actions of individuals, groups, or firms both in the public and private sectors to influence the formation of laws, regulations, decrees, and other government policies to their own advantage as a result of the illicit and non-transparent provision of private benefits to public officials."
Witness the fact the Enron helped draft US energy policy and was instrumental in deregulating Californias energy market in order to rob californian energy consumers. All in the name of free enterprise.
And yet people thank the wonderful corporate system. Guys like Adam Smith knew that a capitalist system only works if there is a strong government to enforce the law, which in turn is accountable to the people. If people get the chance to steal they do.
And yet President Bush and his lads will probably win, despite the countless lies and scandals.
'When you have a society of sheep you should expect a government of wolves.'
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