Capitalism: There Is Only The Vilification

Capitalism : There Is Only The Vilification

By: Marcel Didier, Professor / Business Faculty, UD mdidier@dbq.edu

Fans of  Saul Alinsky, the theoretician of the Chicago School of left-wing ideology, are familiar with this radical slogan: There Is Only The Fight.  Hillary Clinton used it to write a loving tribute to Alinsky’s RULES FOR RADICALS in her 1969 Wellesley College degree thesis, and Obama enthusiastically taught these disturbing concepts to his band of community organizers. And there you have the inspiration for the continuing vilification by the Left of its ideological opposition. For various reasons, many politicians, college instructors and even corporate CEOs have been misrepresenting if not vilifying the basic  tenets of the ideal of Free-Market Capitalism, the only one of the theories  of political economy ties hat has ever produced wealth for its true adherents. What better way to discredit a theory than to enact anti-free-market policies (bailouts, green loans, circumventing bankruptcy laws for favored companies…) then blaming their failures on capitalism? While recognizing  the fundamental human need to pursue  one’s personal interest without abridging that of our fellow citizens, free-market capitalism requires three fundamentals:  right to property ownership, free and fair competition, and the rule of law. Unfortunately, the Federal Government, since at least FDR, has been diminishing  those very principles: eminent domain threatens property rights, competition is thwarted by government mandates, by redistributive interference and favoritism (or cronyism),  and the selective enforcement of laws.

The April 1, 2012 issue of the Telegraph Herald (page 1B) carried another article on the need for people to understand the impact of economics in reference to  the socalled   “settled science” of sustainable energy. Economics is obviously the most neglected and misunderstood subject in this ‘capitalist’ nation.  Thanks to professors like Mike Dalecki (UW-P), students could figure out, for example,  that to justify the purchase of President Obama’s ideologically-favored car, i.e. GM’s all-electric VOLT, the price of gasoline would have to be $12… and the President will make sure the price “will necessarily skyrocket” to eventually mandate the purchase of that kind of vehicle.

No wonder the favorability gap between capitalism and socialism among college undergrads is closing (PEW RESEARCH). This is amply demonstrated by the seriously misdirected OCCUPY WALL STREET movement which objects to Wall Street’s First Amendment right to “petition the government”.  They’re wrong to protest  Wall Street  which has acted within the laws enacted by Congress. Only Congress can change laws, not Wall Street.  Even Republican candidates for president in the primaries were having difficulty articulating the absolute benefits of free markets. Wishing to sound “popular”, they participate in the generalized corruption of the free market notion, and  are basically endorsing “Crony Capitalism”,  the lifeblood of socialist and communist states. The growth of the IRS code from 1.4 million words  in 1965 to today’s 9.1 million words (Tax Foundation) should be ample proof of rampant cronyism (a.k.a. corporate welfare) and wealth re-distribution (a.k.a main street welfare), greatly accelerating under Obama.  A basic reading of Adam Smith (WEALTH OF NATIONS , 1776, coinciding with the US Declaration of Independence) would  tell us that free and fair competition is the best formula for improved and cost-effective products and services. At a recent intramural debate at UD (Dr. P. Jensen and Dr. L. Muzinga) we heard some ominously disturbing notions of “fairness” in America:  the top 10% of wage earners already paying (only?) 70% of all federal income taxes is declared unfair, though no-one dares specify what “fair” is. But the 47% of US residents  who are paying zero income tax or receiving welfare checks is perfectly fair.   Dr. Jensen correctly pointed to the overwhelming need for students to read informative books by authors like Dr. Thomas Sowell and  Milton Friedman (FREE TO CHOOSE. 1980), and F. Hayek (ROAD TO SERFDOM) of the socalled Austrian School of Economics. The philosophy of John Maynard Keynes, the progressive friend of too many recent US presidents, has reigned supreme over the past 100 years. Lacking persuasive argumentation, the forces of the Command Economy and Central Planning can only resort to the villification of the very principles of the founding of these United States. It is as if the enemy were that uniquely American free-market capitalism which after all built the most propserous nation in the history of mankind for the benefit of the greatest number of its citizens, and not the misguided programs of socalled progressive presidents.  

 

737 words

MDidier

 

UD- V.1.2.

 

originally published in the Dubuque Telegraph Herald April 15, 2012

Advertisements

Galena Will have the Last Word

Galena Will Have The Last Word

Galena will have the last word in the American Civil War Sesquicentennial celebrations. The final act of this five-year struggle for the soul of America will be celebrated throughout America in April 2015 with the re-enactment of the surrender at Appomattox, Virginia. But there is one more event of interest not just to this community, but to the national community of fans of US history. And Galena will punctuate this history with a firm “exclamation point” in the form of the Triumphant Return of our Number-One citizen and American Hero: Ulysses S. Grant.  The triumphal arch that was erected on Main Street in his honor in August 1865, and reenacted in 1965, will see perhaps its most memorable incarnation in August of 2015. This news is starting to ripple across America through the civil war re-enacting community, the hospitality industry and word-of-mouth, likely bringing legions of new visitors from many parts of America, fans of Civil War History and dedicated admirers of the man who went from “Useless Grant” to “Unconditional Surrender Grant” in less than five years.

Plans are taking shape and are raising expectations. Most assuredly, parades will be held, speeches will be given, contests will be held, stories will be told, fashions will be displayed, music will be played, songs will be sung. The cry of freedom and pride will be on display as we rally once again. Most of the organizers of the 1965 Reenactment have passed on, but many of the youngsters appearing on program lists and in pictures from that event  will have a chance to relive those days, tell their stories and dust off those family pictures yet to be rediscovered in forgotten photo albums and shoe boxes. If you have a copy of the souvenir book titled RALLY ONCE MORE, be proud of your ownership and its tangible evidence of a magnificent historic event. If indeed you have such memories and/or pictures, the organizers of the Sesquicentennial are anxious to hear from you. Should anyone have memories or pictures of the original 1865 event, such an interview is guaranteed to be headlined in the planned Souvenir Book, and probably have international attention too. In the meantime, we will ask the public’s help in identifying individuals in pictures from the 1965 event.  Indeed, Tristate Historical Presentations (THP), a not-for-profit organization, is anxious to get this process started. Contact THP soon at: mrdidier@att.net, or via Facebook https://www.facebook.com/TristateHistoricalPresentationsInc?ref=hl or call and leave a message at 815-528-5402. The best memories and pictures will be awarded recognition and prizes. Soon, other specific contests will be announced for volunteers and contributors of this event. Among them are popular ones such as a beard contest, a best-dressed contest, best musical talent, period dance talent, etc…. Of course, military contests will be staged on the battlefield: musket and cannon firing, drill competition and much more…..So, be part of history; join in the fun, and experience the thrill as a volunteer and/or contributor. Tax-deductible contributions can be deposited in the Tristate Historical Presentations, Inc. checking account at the Galena State Bank. To be interviewed or to reveal exciting photographs, contact THP at the above email address or phone number. THP intends to live up to its name and connect the tristate region with events also in Dubuque (IA) and Grant County (WI). THP volunteers will be active in Dubuque at the River Museum’s Civil War display (beginning this April) and at the Mathias Ham House (September). The first public event of the year is on the calendar with a civil war “cantonment”, i.e. a temporary encampment and a battle re-enactment on April 26 and 27 on the river at Depot Park, Galena. The interaction between civil war re-enactors, the public and boy scouts will be novel and exciting in a town that ranks among the top ten best-cities in the country.  THP will announce shortly an informational meeting and a public Q & A opportunity.

679 words

M Didier – Founder/Treasurer

Tristate Historical Presentations, Inc.

Galena, IL