Thursday, January 29, 2015

American Economic Ills Explained from Aspen

Sturm: The real deflate-gate: the depressed state of our union |

Aspen CO is commonly thought of as a upscale hideaway for the rich, famous and usually far left politically. The linked article is proof that they have some people with actual minds there as well! Go read the whole thing, not that long and WELL worth it! I'll throw in a couple teasers.

The bottom line is that much like someone being over-medicated, our economy is being killed by bloated government acting in concert with the biggest businesses and public entities that can lobby government to aid themselves and hobble competition.

"When profits accrue for those with the most to invest in politics — and the most to lose in the free market — wealth and opportunity shift from ordinary people to the government and its friends. That’s why Americans struggling to maintain living standards must contend with ever-increasing prices in government-controlled sectors — housing, health and education.

And this little history lesson ... 
Free to pursue their individual life objectives, American entrepreneurs — and immigrants fleeing societies where one’s start predetermined one’s end — transformed an agrarian backwater into human history’s greatest economic wonder. Between 1800 and 2007, economic well-being (real gross domestic product per capita) increased 32-fold in America compared with 14-fold in Great Britain and fivefold in India. 
It’s not a miracle; it’s the free market, where rivals meet in open competition, generating a continuous stream of innovation, choice and value. In return for pleasing customers and being good corporate citizens, entrepreneurs earn profits

'via Blog this'

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