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America was once the envy of the world. Even the poorest people in America had far more than most of the rest of the people in the world. Throughout the first two centuries of her existence, America welcomed people from everywhere, and supported their efforts to invent, to build, to create, and to produce wealth from whatever enterprise struck their fancy. Labor unions and government regulations have put an end to that era.
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For at least the last 50 years, government has continually tightened its grip on the economy by imposing ever-tighter controls over the activities of all businesses. Whether to promote safety or to protect the environment, government has made it nearly impossible for American business to compete with the rest of the world. In addition to this burden, labor unions, especially public employee labor unions, have fed Democrat candidates a healthy diet of campaign contributions in exchange for contracts that a free market would never tolerate.
. . . . America has almost forgotten what a free market really is. Government’s insidious expansion of control over business activity, while denying that its control is implementation of Marxist-Communist-Socialist-Progressive principles, is steadily killing free-market Capitalism in America.
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It will continue under Barack Obama and a Democrat majority in Congress. If free-market Capitalism is not restored in the next election, it may vanish from the earth.
— Henry Lamb, “Managed Economy or Free Markets?” (article), RenewAmerica
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[...] there’s Henry Lamb on Capitalism’s Impending Demise. The point here is that there is no longer a free market economy in the US. It begins something [...]