ATTACKING CAPITALISM TO SELL CENTRALLY CONTROLLED ECONOMY

ATTACKING CAPITALISM TO SELL CENTRALLY CONTROLLED ECONOMY

By Domenick J. Maglio PhD. Tradizionale Realista

In 2008 the slogan” Too Big to Fail” spoken by President Bush treasury secretary, Henry Paulson was a shocking acknowledgement that the federal elites no longer felt the need to pretend they believed in capitalism. The merging of central government and international corporations through the revolving door process has become undeniable.

A major tenant of capitalism is that any business no matter its size will fail when it is unable to pay back the business’s liabilities. This elimination of non-profitable enterprises cleanses the market of inefficient businesses. In its place other newer or smaller businesses will expand to more effectively serve the customers of the failed corporation.

“Too Big to Fail" is antithetical to capitalism and a gateway to a centrally controlled economy and repressive state. It is a corruption of capitalism.

Big Government like large corporations even with the economy of scale has a difficult time controlling the explosion of bureaucratic expansion and waste.  Bureaucrats are incentivized to build their kingdoms rather than be efficient.  By restricting capitalistic competition it will blur any strong contrast or highlight the government inefficiencies of inferior service and products.

Presently in America the laws of a free marketplace are not being allowed to prevail. Our bloated federal government has gained enormous control of the economy through laws and regulation. The government connected corporations are given special waivers to bypass regulations that other companies have to meet thus giving them an unfair advantage in the competition.  Bundled campaign donations earn ambassadorships or access to the oval office. The offering of top corporate paying positions to political operatives in exchange for preferential legislation is becoming common practice.

The smaller the business the easier it is to monitor and supervise its employees to insure maximum agility. The large international corporations are on the other side of this continuum and have the most difficulty supervising its complex structure.  The diversity of operations and multiple sites all over the world creates an incredible challenge to maintain a streamlined operation.

This same phenomenon takes place in government agencies. We have witnessed this first hand in Obamacare. Attempting to manage 1/6 of the nation's economy has been a disaster. Even with ordering private insurance companies to artificially lower their insurance rates to cushion their insurance policies, the price and co-pay have risen.

In this symbiotic relationship government winners are chosen by how much support they give the administration. This can be through campaign contributions and lucrative jobs they are offering government operatives.  Losers are those who do not pay to play.

This marriage between major corporations and the federal government has recently been called “crony capitalism” and during the WWII period, “fascism.” The National Socialistic German Worker's Party used corporations to solidify their power.  

Every law abiding patriotic citizen should protest the confiscation and mishandling of the people’s money. The fear mongering of a global economy collapse by our D.C. government should have been dismissed as propaganda to protect these corporate and government elites special financial and power interests.

Americans should not hand over to our central government the power to pretend to micromanage our economy. The picking of winners and losers and the printing of “stimulus money” by the Federal Reserve does nothing other than increase potential corruption. The devaluation of our currency by “Quantitative Easing” is robbing a percentage of our purchasing power.

Anytime we hear “Too Big to Fail” we should be aware our D.C. government is selling this phony rationale to justify its expansion into every aspect of our lives. We need to refuse to be robbed by power seeking politicians that are only concerned with their own self-interest rather than the people’s.

This game has become transparent. “Too Big to Fail” policy is an attempt to transform the USA from a constitutional republic to a political elite control of the economy and rejection of our Constitutional Republic.

Our founders brilliantly provided us with a constitutional blueprint to prevent us from going down the path of elites controlling the government instead of the people controlling it. As these great men understood, large government siphons off the treasury and the freedom of the people.

Domenick Maglio, PhD. is a columnist carried by various newspapers, an author of several books and owner/director of Wider Horizons School, a college prep program. You can visit Dr. Maglio at www.drmaglio.blogspot.com.

O.W.S. CONVERSION TO ECONOMIC REALITY NEEDED

O.W.S. CONVERSION TO ECONOMIC REALITY NEEDED

By Domenick J. Maglio PhD Traditional Realist

This may be harsh to many people but none of us are entitled to other people’s property. When people decide to give someone else part of their earnings, it is called charity. When the government takes money through taxes from an honest individual and selects another to receive part of it after skimming off some for friends and self it is extortion or crony capitalism.

The Wall Street occupiers are right; crony capitalism is a cancer devouring our spirit. Instead of allowing market forces to determine what are the best products and companies, government leaders decide. They pick winners and losers based on politics. Large donations to campaigns purchase access to leaders and repayment in the form of special regulations, contracts and bailouts. Quasi-legal bribes become the cost of doing business. It is called state capitalism in China and is a hybrid economy, which is controlled by the central government. It leads in the long term to inefficiency and an undermining of competitiveness. It is a form of nationalistic socialism that Hitler used in Germany.

About 10-20% of Americans are confirmed socialists. These people are often so-called “intellectuals” who are indoctrinated in our universities. Many professors, media elites, students, union leaders and progressive politicians have been reluctant to publicly express their beliefs. They are now comfortable in this political environment to declare their political preference. This should be an eye opener to the average American.

This political forthrightness is good for our country as long as we have an open debate on the pros and cons of a centrally controlled society. Without the mature discussions we are vulnerable to a revolution from within led by a small band of ideologues. These intellectuals are destined to fail in establishing a better society.

For our country to regain its strength, citizens have to be weaned off government handing our money to certain groups to win their favor. This means perennial unemployment insurance, Obamacare, Medicare, Medicaid and other smaller give away programs have to be scaled back. The safety net has to be significantly reduced to save our nation.

There will be personal hardships that will have to be endured. Like any addict who has been seduced into a life style that leads to self-destruction, pain will have to be suffered before one can conquer the addiction. It will not be easy for many to return to reality.

Political officials parcel out the people’s money to others increasing these recipients reliance on government. This is the same way a pimp uses money and drugs to entice girls into prostitution. The caring folks help and encourage the addict to withdraw from a horrible existence. These mature people are not heartless. They understand to be free again a person has to give up the security and allegiance to false substances and promises spouted by charlatans.

Many charismatic leaders throughout history have created a vision based on falsehoods that have enslaved the citizens. Dependency on government inevitably is a path to slavery. Americans have to endure the agony of withdrawal from government bribes for their vote in order to gain freedom for themselves and their children.

Reality oriented people like those in the Old Testament and our founding fathers learned from human nature. In the Old Testament, Thessalonians 3/10, “If any man does no work, let him not have food.” In modern time these are the common adages that make the same point; “you don’t get something for nothing” or “there is no free lunch.”

Once we realize the historical validity of these common sense reality and economic observations it will help the OWS participants to understand why capitalism benefits the standard of living of so many while socialism/Communism does not.

Many Americans are learning the hard way that European socialism and crony capitalism cannot work. We are recognizing that our constitutional republic protects our economic and social freedom by restraining the power of the ever-expanding central government.

The people’s major weapon to return to economic reality is our self-education. Our citizens knowing history, understanding human nature and using common sense are the elements that will keep us on the right track to keep our free market system.

Dr. Maglio is the author of Invasion Within and Essential Parenting. He is a psychotherapist and the owner/director of Wider Horizons School.

Visit: www.drmaglio.com.

AMERICA IS FAR FROM DEAD

AMERICA IS FAR FROM DEAD

By Domenick J. Maglio PhD. Traditional Realist

Many nation’s malcontents and pundits are rooting for the demise of capitalism. The Arab Spring, the riots in Europe and its offshoot, Occupy Wall Street, are all angry with their national governments’ corrupt leadership and international corporate greed. The crucial issue for this turmoil is not capitalism but the insidious marriage between the power elites of government and that of the corporate world.

The leader of the free world, America, has received the brunt of the criticism nationally and internationally for the current economic downturn. We have played power politics to foster international and internal stability. Our support of certain dictatorships and international corporations over freedom seeking young people as in Iran and small businesses has rightfully been questioned. We need to reevaluate our foreign policy and allow the free market to work.

Governments worldwide and international corporations have entered into unholy alliances, which are contrary to capitalism. These corporations have funneled money to government representatives to receive special legislative favors that give them an unfair competitive advantage. The revolving door between government and nearly monopolistic corporations has resulted in what is called today “crony capitalism” and in the past was fascism.

In the United States both political parties have used the power of the executive branch to pursue policies to grow government’s power disregarding the Constitution and the people’s will. We are rightfully losing trust in our institutions.

Our leaders and culture have been corrupted by the notion that “it is all about money.” We have lost our moral bearing, the social backbone of our society. Our nation is indeed in a poor place in the economic and moral cycle, although we definitely can rebound.

There are plenty of things that are wrong but there are more things right about the U.S. History shows us that living is difficult in whatever period of time one examines. Somehow America has muddled along from the beginning making the necessary changes to put us on a steady course. During crisis after crisis, the Revolution, the War of 1812, the Civil War, WWI and WWII, the great depression, the Cuban Missile Crisis, assassinations of the 1960s, Carter’s Iran hostage crisis, 9/11 and this Great Recession many people have thought the USA’s end is near.

At those frightening moments Americans have thought about all we have to lose. September 11, like other major crises in our history united us all. We forgot about our differences and remembered what makes us an exceptional nation. These realizations of what we have to lose are similar to what families and friends feel at a funeral. The death of a person brings a flood of all the things we will never again experience with the person. The shortcomings are overlooked or forgotten, all the goodness flashes in front of the mourner. This brings on the regrets of not telling the individual when he was alive how much he was appreciated for his being and actions.

Today our appreciation for all we have in the United States is almost non-existent. We have a tremendous amount to lose if we turn our backs on our moral principles and our capitalistic roots that have allowed our nation to prosper.

Before we topple our entire system because some corrupt businessmen and politicians are exploiting it, we must realize all the advantages of living in the United States we would lose. Our free market has allowed people from all over the world the opportunity to keep the wealth they earned through their own efforts . The possibility of obtaining the American dream has made us a beacon to the world.

Americans have a responsibility to openly criticize their leaders and nation whenever the will of the people is not being represented by the government. Freedom of speech is a unique and essential element that makes us great. However, citizens do not have the right to resort to violence nor blatant deception. A significant majority of our citizens do not believe that the end justifies the means.

Many people in the past counted America as a society close to death. Our weaknesses have caused other nations to misjudge our internal strength. The only thing these attacks on our homeland have done is wake up a sleeping giant.

Anarchy and chaos do not lead to improvement but to destruction. No civilization, culture or person has ever been perfect. Man, by his nature is imperfect.

Creating a better world is much harder to accomplish than tearing down the old one.

United States citizens reject the road of redistributing wealth. Socialism, even in the milder form of European Democratic Socialism, is unsustainable. The combining of big government and corporations- crony capitalism/fascism – also will fail as the corruption is uncovered.

Americans need to insist on the free market where there is a level playing field to insure there is no favoritism of bailouts or picking winners and losers. Fair competitive capitalism needs to be the ideal not crony capitalism. This reestablishment of capitalism not arbitrary redistributing of wealth would resolve the major objections of both Occupy Wall Street and the Tea Party to the present shenanigans of Wall Street and big government joining together.

It will take most of us to improve our country and benefit all of us. By being more fiscally sound, morally prudent and doing our civic duty we will improve the nation one person at a time

The return to a more moral and less intrusive government will unite America. It will revitalize our economy and citizens. We will enter an era of strength and prosperity. The rest of the world of nations will follow our lead.

Dr. Maglio is the author of Invasion Within and Essential Parenting. He is a psychotherapist and the owner/director of Wider Horizons School.

Visit: www.drmaglio.com.