james on Nostr: Yes, not unregulated, but free in the proper sense of the word. Christians are free, ...
Yes, not unregulated, but free in the proper sense of the word. Christians are free, not that we are free to sin but from it.
In the same sense, a truly free economy fully supports the freedom of its participants, not that they are free to take advantage of each other but that they are free to mutually benefit one another in their trade and labor. This requires a lack of compulsion (which is socialism), acknowledges ownership (which communism does not), does not systematically favor the already rich and powerful (which is crony capitalism), does not artificially favor larger organizations over the individual (which is corporatist capitalism), and rather endorses a subsidiarity in power, both economic and political (which all forms of totalitarianism rejects).
Our current system in the US is dangerously close to the latter three, unfortunately. The three-letter-agencies have created such a regulatory system that the individual is at an artificial disadvantage to compete with the larger organizations. In this way, I say our system is not free enough, not that we do away with regulation altogether but make it favor a subsidiary and decentralized system rather than a large and centralized one.
In the same sense, a truly free economy fully supports the freedom of its participants, not that they are free to take advantage of each other but that they are free to mutually benefit one another in their trade and labor. This requires a lack of compulsion (which is socialism), acknowledges ownership (which communism does not), does not systematically favor the already rich and powerful (which is crony capitalism), does not artificially favor larger organizations over the individual (which is corporatist capitalism), and rather endorses a subsidiarity in power, both economic and political (which all forms of totalitarianism rejects).
Our current system in the US is dangerously close to the latter three, unfortunately. The three-letter-agencies have created such a regulatory system that the individual is at an artificial disadvantage to compete with the larger organizations. In this way, I say our system is not free enough, not that we do away with regulation altogether but make it favor a subsidiary and decentralized system rather than a large and centralized one.