And I'll add that Communism has never been what we were taught to understand it to be. Marxism, Communism and Socialism and many other -ism's that are branches of that philosophical tree are all a part of the same tree: Man controls the natural world. While Adam Smith's "invisible hand" understanding of the Wealth of Nations recognizes that man doesn't control the enterprise of other men in the most efficient and productive manner, capitalism as we've been taught to understand it to be hasn't truly existed for much of our nation's existence like we were taught that Adam Smith's insights inspired from its earliest incorporation into economic theory. It quickly evolved into Crony Capitalism as government control dictated the terms and conditions of economic activity with public policy infringements on absolutely free markets. Always for "public safety" concerns. Real or not.
The US economy hasn't been a free market economy for most of our nation's existence, but especially in the past century when volumes of laws have been passed to constrain dangerous "unbridled capitalism." We have a very controlled economy. Just not quite as controlled as China's. But closer to CCP China's economic model than Adam Smith's. Your assertion that we benefit from a free market that China doesn't is a false narrative of our own nation's propagandists. Our not free market is in the process of hitting a wall. Pointing at your neighbors home that's imploding because it's foundation was poorly built while your own home's foundation is also failing is foolish pride. We must fix our own home before we worry about our neighbors.
Aug 4, 2023
at
8:30 PM
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