Thursday, July 19, 2012

The Moral Imperative of Free Markets

Forbes ^ | 07/12/2012 | Bill Flax

President Obama’s campaign trumpets compassion while portraying Mitt Romney’s business acumen as immoral. Obama presumes righteous superiority, but how is exploiting the poor for political props presidential? Why must Romney justify success? How, two decades after communism collapsed, does antagonistic class rhetoric retain credibility?
Liberals paint free markets as morally lacking by bemoaning that capitalism plunders workers and pillages the environment. Progressives compare real world capitalism – distorted by fallen man and political intrusion as it inevitably exists – against theoretical ideals never attained anywhere, leastwise in socialist systems prone to oppression and ecological calamity.
Progressives exaggerate the excesses and failures of free enterprise while affording government moral approbation. Tellingly, those most bothered by greedy businessmen, (who generally profit by pleasing customers), appear unperturbed by greedy politicians even as government power derives from feasting on the wealth of others.
Businesses merely make offers which customers may accept, or depart peaceably. Government enforces demands. Washington mandates, err “taxes” us, bending citizens to the sinecure’s will under the shallow guise of “social justice.”
Economically, justice entails that transactions are entered freely and measured fairly. Funded by confiscatory taxation, government programs rarely achieve either. The Left’s beloved “social justice” is rooted in covetousness; an anti-social and unjust cancer vexing American culture.
Per the OECD, America has amongst the developed world’s most progressive income taxes, which fuel a federal behemoth primarily disposed toward paying people not to produce. As dependency surges Tim Geithner boasts about mailing 80 million checks a month.
Only wealth’s creation can elevate the lower rungs. Stunting high earners to attain equality lifts nobody. America’s working poor fare exceptionally well as our poverty line exceeds per capita income most anywhere else. Markets permit those born destitute to rise by merit, which explains why immigrants come.
(Excerpt) Read more at forbes.com ...

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