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Saturday, March 24, 2012

More Than One way to skin a Cat......

As the saying goes........there is more than one way to skin a cat.............to illustrate a point. What freedom and prosperity means, but more importantly how does a society achieve freedom and prosperity ?  In our time, despite the rich history of the foundations of the United States, and following the models of more controlled societies, it is presumed that intervention, and regulation is the way to prosperity. China has achieved remarkable growth in the last 30 years, yet despite having a billion people, and the companies of the Western nations clamoring for a share of the market there, their economy has only managed to attain a GDP of 5 trillion dollars, as compared to the United States having 300 million people and achieving a GDP level of 14 trillion dollars. On paper.........to borrow another phrase, it would seem that the Chinese would far out produce the Americans, a fear that tends to creep into the American psyche, but as much as the majesty of the Chinese population commands, the important inherent difference between the two societies is that one version rests on imitation. The other rests on innovation. The other stark difference is that the Chinese system relies on control, whereas the American system at it's design was conceived on chaos, which is the mark of a free market system.
                                                           From a standpoint of prosperity, markets can only achieve full prosperity under two conditions primarily. One would be allowing for the consumer to have the freedom to seek what ever product or service they desire in an open market. The other condition is having the flexibility for the price mechanism to fluctuate to meet the needs of those products and services as the demands of the consumer dictates. In China the goal of their system has been to focus on production alone, without regard to the demand side of the equation. It is the classic misunderstanding of the interventionist mind set, premised on the perception that inequality exists in the capital order of things. Individuals or more to the point HUMAN BEINGS given the opportunity, will change their mind constantly. It is a universal truth, just as all of us need a heart beat in order to stay alive.
                                                             Given our election cycle, and daily anecdotal conversations with people at random, I have noticed a trend for Americans IN GENERAL to reach a conclusion that our prosperity lies in a plan.....a plan for our economy, a plan for our energy needs, a plan for manufacturing, there seems to be a need for a plan for our entire way of life. Planning is the way that government's control their people, which in the case of the Chinese system is necessary for a small self proclaimed elite to control a large population, however here in the United States I would encourage all to do away with the control mind set and seek the way of chaos. In other words let us vow as AMERICANS, to seek our economic roots in freedom. There is more than one way to skin an economic cat......but there is only one way to seek freedom and economy, and that would be to throw off all the shackles of planners, and regulators in our economy, and return this country to A WORLD OF LIBERTY......