@AlexKidd5000:
You are correct the United States is a balance of regulatory statism and capitalism however what you dont acknowledge is that the greatest innovations in US history have been produced during eras that had deregulation and tax cuts.
So historically, the US has gained its prominence of off free market capitalism, lets take a look shall we.
- 1880s: A period of unregulated Capitalism produced: The first electric fan, first investor owned electronic utility, the first automobile plans, the first camera films, Coca Cola, earmuffs, Nintendo, Kodak box Camera etc etc. The list goes on and on
1920s: A period dominated by Coolidges free market capitalist and isolationist ideology. Hmm lets see: First US radio, TV, sunglasses, electric razor, jukebox, frozen food etc. Etc.
1980s: Reaganonomics and free market capitalism brought a 46% corporate tax rate down to 40%. This brought rise to companies such as Apple and Microsoft (The OS youre typing on basically). This was also the greatest economic expansion in US History, in which the black unemployment rate went down and many were provided jobs and oppurtunities.
1990s: Bill Clinton, another great president promoted innovation and entrepeneurship constantly in his term. The repeal of the glass steagall act, deregulation of telecoms and the welfare reform bill are proof of this. While he did raise the income tax by 3 percent he promoted business freedom across the board and was more than willing to work with Republicans to do so.
Historically, the more freedom you give people to produce what they want, the more evolved and prosperous a society becomes.
When you give people freedom instead of regulating them, the best tends comes out in themselves. Their self interest drives the society forward.
You're literally typing on something produced by free market capitalism, your argument was toast the second you decided to open your laptop.
If you hate Capitalism so much move to Cuba. No one is forcing you to stay.
Log in to comment