Margaret Hoover interviews Alexandria Cortez, askes asinine question about capitalism


#1

While interviewing Socialist Alexandria Ocasio-Cortez on PBS Firing-Line, July 15th, 2018, Margaret Hoover asked Cortez, “Do you think that capitalism has failed to deliver for working class Americans?”

What is problematic is our economic system is not “capitalism”, and it should be referred to as “capitalism” by those who support and defend the economic system our Founders created and left to us.

The fact is, the word “capitalism” was unknown to our founders. In fact it was used and popularized by Karl Marx to describe a free market system in an evil light. By contrast, our founder’s often describe our system in a manner promoting a free market, free trade, or free enterprise ___ “free” being the operative word. For example see Thomas Jefferson : First Annual Message to Congress

”Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise.”

I have never found our founders using the word “capitalism” to describe our system. In fact, the very reason for granting power to Congress to “regulate commerce” among the States was to protect and advance free trade among the States by forbidding one state taxing another state’s exports which passed through its borders. This is further illustrated in Article 1, Section 9 which declares: “No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one States over those of another; nor shall Vessels bound to, or from, one States, be obliged to enter, clear, or pay Duties in another.”

But our progressive/socialist domestic enemies do not like the word “free” being used to describe our economic system because it is hard to attack the word “free” which clearly implies the people are to be “free” to engage in commerce and freely trade with by mutual consent ___ an original inalienable right of mankind. “Capitalism” on the other hand gives great latitude to cast America’s system in an evil light, particularly as a system manipulated by evil “Crony Capitalists”.

For more on the distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:

Capitalism (crony capitalism): A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.

Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.

The bottom line is, we know Alexandria Ocasio-Cortez has attacked “capitalism”. But does she support the free market system our Founders left us with and reject the force of our federal government being used to confiscate the earnings of one group of Citizens which is then transferred to another for their personal economic needs?

JWK


The unavoidable truth is, our Fifth Column democrat political leaders’ plan for “free” college tuition will be paid for by confiscating and redistributing the paychecks of millions of college graduates who worked for and paid their own way through college and are now trying to finance their own economic needs.


#2

Yes, free markets. It’s the best way, period. I sure wish the adherents of the current major ideologies would recognize this. It would be nice if Republicans at least began pretending again that they actually care about free markets. Alas, except for a small minority of Americans, “Fair Markets” seems to be today’s rallying cry across the board :confused:

But I’m left to wonder looking at this, and If I get a chance to read your link, I might find an answer: What does it mean to “encourage” market forces even with that caveat of no special treatment? Is it really free when the law “encourages”? That term really isn’t appropriate to free markets or free enterprise.

I object the force of our federal government being used to confiscate the earnings of me and transfer them to anyone else – except for the purpose of securing our individual rights, the minimum needed to protect the existence of free markets.

That means I reject Donald Trump and his ongoing and ridiculous trade war, which is increasing our tax burdens (using private companies as tax collectors in the form of higher prices), confiscating our earnings and transferring them to other persons for their personal economic needs.


#3

I wish things were not as complicated as they are, but other countries tax the crap out of our exports while expecting us to allow their exports in tax free.

The way I see it, I have no problem taxing imports, just like one pays to sell their crap at a flea market. Why shouldn’t foreigners pay for the privilege of selling their crap in America? They use our ports of entry, get the same protection our domestic sellers get, use our highways, waterways and airports to transport their goods. What I don’t like is countries taxing the crap out of our exports and expect to import their crap tax free. I think Trump makes a valid point when he wants reciprocal trade.

But getting back to the subject of the thread, we should never refer to our system as “capitalism”, it plays into the hands of those who do not believe in a free market system.

JWK


#4

Just so it’s clear, we also tax the crap out of other countries, whose ports Americans use, receiving the same protections as their domestic sellers. Those products use their highways, waterways and airports.

Any import tariff should be the same, without picking winners and losers as in “crony capitalism.” It should be linked to the services you listed don’t ya think? Otherwise, it’s just moving money from my pocket and yours to some American steel exec’s.

And 25 and 50 percents is absurdly confiscatory.

I think “free markets” and what they mean in context of the hypocrisy of the alleged free market party and its leader is a highly important part of this topic. The president was even mentioned at the top of the article.

That said, I have a mixed opinion about this. I use “capitalism” interchangeably with “free markets.” Capitalism never meant anything else to me whatever its origin. But I realize that modern Americans do not understand much about economics in general let alone what it means to be capitalist, socialist, communist or free market.


#5

Reading the article now.

Just some running commentary and QFT:

The United States, Canada, Britain, France, Switzerland, Japan and other leading free nations of the world today have far too much mercantilism, corporatism, crony capitalism, and Keynesianism—and not enough free enterprise.

This is surprising to most citizens of America and the free world. For example, many conservatives in the United States argue that we are a “capitalist” nation or vote for the “capitalist” candidate and conclude that all is well, when in fact free enterprise is under attack from socialism but also just as strongly from mercantilists, corporatists, Keynesians and crony capitalists.

Another way to test the level of free enterprise in your society it to start a business in your local area. In fact, start two. Let the local zoning commissions, city council and other regulating agencies know that you are starting a business, that it will employ you and two additional employees, and then keep track of what fees you must pay and how many hoops you must jump through to gain the needed approvals.

At the same time, have your agent announce to the same government officials that a separate company, a big corporation, is bringing in a large enterprise that will employ 4,000 people—all of whom will pay taxes to the local area and bring growth and prestige. (Don’t really announce this—because if it’s untrue you might be breaking the law, unlike big corporations that are allowed to routinely float such trial balloons.)

Then simply sit back and watch how the two businesses are treated. In most towns, counties and cities in the United States, the small business will face an amazing amount of red tape, meetings, filings and obstacles—the big business will likely be courted and given waivers, benefits and government-funded publicity.

Add up the cost to government of both of your proposed businesses, and two things will likely surprise you: 1) how much you will have to do to set up a small business, and 2) how much the government will be willing to spend to recruit the large business.

My goodness, this is right on target. You can just watch it unfold over and over again. I have watched it unfold over and over again. In my state, Nike and Intel get literally billions in tax breaks, and any expansion is met with what can we do to help. Intel didn’t even have to say anything about leaving the state or the country to get a $2 billion tax break the last time around. The Democrats here did just like Trump/Pence when Carrier talked about leaving for Mexico prior to their taking office. Peas in a pod.

The truth is that many people, probably most people, who feel positively about capitalism actually mean free enterprise when they say “capitalism.” The things they admire about “capitalism” aren’t special benefits to the rich and different laws for the rich versus the poor or middle class, but rather a true free market where everyone is treated equally by the law and where each person has true and equal freedom of opportunity.

Yes, when I utter the word “capitalism,” that very much applies. I agree. The use of “capitalism” causes some problems. He outlines how pretty well.

To put this all in perspective, the Trump Era is on target to emphasize mercantilism, corporatism, Keynesianism, and especially crony capitalism.

This needs to change. We need to focus on free enterprise.

But first, people need to realize that this is even an issue. The truth is, the battle between free enterprise and other types of capitalism isn’t just an issue right now—it is the central issue of the Trump Era.

We need to start acting like it.

This writer is right on target, exactly on target, and it’s most apparent in Trump’s unilateral imposition of heavy tariffs.


#6

Because policy should be based on results, not sentiments.

Hong Kong, which has no import tariffs, prospers better than we do.

Same to Qatar, which taxes only 5%, and sees better growth rates than Shanghai.

Tariffs destroy and disrupt, just like any other tax. When they’re low, people prosper. When they’re high, people suffer.

It doesn’t matter how you dress it up; hiking tariffs leads to poorer results.


#7

I noticed you ignored my response to your remarks about Trump’s alleged “ongoing and ridiculous trade war.”

In any event we should never refer to our system as “capitalism”. Doing so plays into the hands of those who do not believe in a free market system.

JWK


#8

They are also an excellent way to allow the federal government to raise a federal revenue. Far better then the communist income tax.

JWK

“…a national revenue must be obtained; but the system must be such a one, that, while it secures the object of revenue it shall not be oppressive to our constituents.”___ ___Madison, during the creation of our Nation’s first revenue raising Act


#9

Then you’re still undone by the Laffer Curve; low tariffs bring in more revenue than high ones.

Why? Because you get more economic activity, and that activity scales the revenue. That’s the basic premise for why conservatives want low taxes & argue that it will balance the budget better than high taxes.


#10

[quote=“Alaska_Slim, post:9, topic:77044, full:true”]

Then you’re still undone by the Laffer Curve

:roll_eyes:


#11

[quote=“johnwk, post:10, topic:77044, full:true”]

It’s why Detroit is a ****hole. Same to France. Results don’t lie. High tariffs, or high taxes of any kind, destroy your economy.


#12

[quote=“Alaska_Slim, post:11, topic:77044, full:true”]

:roll_eyes:


#13

[quote=“johnwk, post:12, topic:77044, full:true”]

John, why is it you don’t study economics?

Do you not remember that the Bush-era steel tariff killed 250,000 jobs in our economy?

Don’t you think that’s something we should avoid?

Or do you not understand why that happened?


#14

:roll_eyes:

Why not refer to our system with the pretext “free” instead of referring to it as “capitalism”?

JWK


The primary function of a Supreme Court Justice is to be obedient to the text of our Constitution, and give effect to its documented legislative intent which gives context to its text.


#15

I’m all for that, and paying attention to what it means here.

I have a transcdent right to buy goods & services from foreigners, and to not be interfered with.
It’s my liberty at work. That’s apart of free enterprise.

If you’re using tariffs to coerce my decisions, then you’re tarnishing my liberty. You’re violating free enterprise.

My businesses decisions, are not a collective decision. My resources are not the Government’s.


#16

Goody for you. And our federal government has been delegated a power to tax at our water’s edge “… to pay the Debts and provide for the common Defense and general Welfare of the United States…”

JWK


#17

If that’s the goal, maximizing revenue means keeping tariffs low. It’s simple logic.

The Laffer Curve, Reagan himself talked it up for a reason:


#18

.

Laffer is a nitwit or dangerous operative who supports the communist inspired income tax.

He certainly does not support and defend the free market system our founders left to us, nor does he support the rule of apportioning direct taxes if and when they are found necessary to fund our federal government.

Laffer is also a big supporter of the Federal Reserve Banking Cartel and allowing Federal Reserve Notes being made a “legal tender” in spite of our Founders forbidding any bank notes to be made a legal tender. The Federal Reserve system was a direct attack on our free market system and created a money monopoly which now plunders the wealth created by America’s businesses and labor.

JWK

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep. Pa)


#19

Doesn’t change that his curve is correct. Reagan proved it.

What’s also not changed, is that Madison in your quote is pointing out that you can’t levy tariffs that are oppressive.

If you’re using tariffs to change citizens’ buying decisions, instead of raising revenue, then you’re being oppressive.


#20

If this and if that :roll_eyes:

As I previously wrote, our federal government has been delegated a power to tax at our water’s edge “… to pay the Debts and provide for the common Defense and general Welfare of the United States…”

JWK