Thursday, November 12, 2015
"Free market" is an illusion, everything has a cost (#2477)
When I hear Republicans talk about the free market taking care of things it astounds me that they don't get that having a market that costs just to visit is the first evidence that a "free market" is an illusion. Just to get to the market I need electricity, an Internet connection and some kind of device that will get me to a page where I can then potentially buy something. Or I need gas for a car, or money for a bus ride just to get to a market. Everything after that is cost prohibitive based upon factors that are due in most ways to some form of subsidy. So even the concept of bringing a product to market has a cost. Nothing is free about a market. So when few have most of the available money and many have but a little of the money we get poverty on a level that is unsustainable. What we should be doing is reducing poverty anyway we can since we see that having the illusion of a free market does nothing but exacerbate poverty. The reason I say that is because Republicans want to lower taxes for the wealthy and as a result the wealthy have less incentive to cycle their profits back into the economy in search of profit. Instead they bank their profit for various selfish reasons in order to accumulate unfathomable amounts. While this banking of profits is going on less work is available for the many and because of that the cost of wages is lowered through increased competition for work. Republicans do not want to expand our economic possibilities since increased competition would threaten their already secured profits. The Republican cold hard fact of keeping poverty as a paradigm is strategic and well worth the cost benefit they realize. Yet the illusion of a free market continues and the rest of us are left with little to no way to participate in the uneven practice. Our society needs more than an illusion, we need to effect economic policies that not only regulate how much wealth one can attain, while never letting anyone try to survive with no wealth or an opportunity to attain wealth.