Faith in the Free Market

At a time when the economy is slumping and it looks like there is no relief on the horizon, we the American people tend to gravitate towards socialist economic reforms. But, we need to realize that it was the free market that built this great country. The liberals in Congress are discussing market regulation that would set back the liberalization of 80 years. They want to punish corporate profits, and procure votes from their vote banks all while flushing the middle class down the toilet. They scapegoat Big Oil, but conveniently forget that 40-60% of oil shares are owned by pension funds and IRA's. They will soon push price controls on oil, and forced production levels. Next they will reverse 20 years of negotiation on free trade and adopt a protectionist mind set, and consequently drive inflation through the roof. They talk as if that America is still the manufacturing super power that it was in the 1970's, and turn a blind eye to her evolution into a service oriented, innovation driven economy. The liberals identify themselves as the party that stands for progressive and pragmatic change, but in reality every step they take forward; the we are taking several steps back.

We the American people should retain our faith in the free market and realize that it is the free market that will rescue our economy. A free, de-regulated market enables businesses to raise capital and reap the benefits of their entrepreneurship. We should strive to build a competitive market, one that can compete in a truly global economy. Also, we should ensure that our securities markets are transparent and free. A free securities market will ensure distribution of risk, and will be a harbinger of future market trends.

In summary these are the policies I want to see:

• Privatization of Government Entities
• Downsizing the Washington Bureaucracy
• Decrease in Social Entitlements and reinvestment in knowledge and infrastructure
• Deregulation and liberalization of the markets
• Using tax incentives to motivate business agenda
• Increasing military spending
• Reducing barriers to trade
• Reducing punitive environmental regulations
• Securitizing small farms and distributing small farmers risk rather than using subsidies

I know that this is a deviation from what we usually talk about on this blog, but I couldn't keep this rant to myself. I had to speak out before we turn into the People's United States of America, and I love this country too much to see that happen. I just want to know everyone's thoughts on the state of the economy and what our new way forward should be.

God Bless America
Flag picture courtesy of : www.barnstable.k12.ma.us
Oil rig courtesy of: http://ntis04.hgac.cog.tx.us/website/photolab/photos/energy/oil-rig.jpg