Why laissez faire is a good thing

The truth is that Capitalism is the only economic system in which someone who is dirt poor can become a billionaire while someone who is a billionaire can end up dirt poor. It’s really revolutionary in a sense. Free market has its drawbacks. Hell it’s even self-destructive at times, but the ability for the rich to be held accountable and the poor to run the rich out of business because he/she has a better idea.

Now with the ideology, the idea to topple giants is great, but for the past 40 years, we have stopped becoming a capitalist society and here is why. In 1969, there was a new plane that was introduced to the world. It was called the Boeing 747. This plane allowed for businessmen to go to any corner of the world to do business and it made trade agreements. Now before the 1970’s, there were trade agreements. In the 1950’s, Toyota sold Japanese cars to Americans though not as popular, But by the 1970’s there were three issues that affected and boosted the sales of foreign cars in the United States.

1. There were only four American Car companies left. Ford, GM, AMC and Chrysler.
2. There was an energy crisis that was caused by a Muslim embargo thanks to the US support of Israel.
3. There were more business deals made overseas.

These three issues made it so that the Japanese, German and Italian car companies invaded the US Market (Ironic?) What that did was make a shift in market power. You have an American muscle car. Gets horrible gas mileage, it’s expensive and it doesn’t last long. Then you have a Japanese car. It’s cheaper, more fuel-efficient and it NEVER dies. You can abuse it and never get it serviced and those cars are still around today even with insane mileage.

Now here is the issue back into capitalism. With you as a consumer, you have 2 choices. You can get a cheap, efficient and durable Japanese car or get a shityy American car that is planned to be obsolete after three years. Which one will you chose? The Japanese one obviously. And Most Americans did. It drove AMC out of business and the rest were suffering. The death of Capitalism stems from this because the dying out American car was revived by the US government thanks to corporate lobbying. They made it so we had higher tariffs, laws that make it illegal for the government to use foreign vehicles and limited advertisement rights for imports. Did it work? Yes and it worked even today. American cars are still around and they are still crap. Yet they stand toe to toe with superior cars that never die and never lose performance.

It’s not just automotive. We use old designed M-16 AR’s instead of newer H&K416’s. We use the M9 which is Italian over the M1911, but the 1911 was old anyway. We use American planes, we use American boats (Not ships for some reason), we have banks that are bailed out when they should have failed, we use a lot of things that are American and planned to be obsolete. The reason they last is because of laws that give the rich a safety net. The same way mercantilism used to work. Keep the rich rich and the poor poor. Now I’m not arguing that we should have no regulation. That for one is free enterprise, not free market. All I am saying is that the way things are now, it’s impossible for a new of foreign company to compete when the American company had its golden age.

  1. #1 by Larry Bergan on March 18, 2012 - 12:57 am

    Perhaps “planned obsolescence” – still hard to believe that’s a real thing – should be a term applied to our society.

    Every American has gotten weary for many decades of taking an appliance in for repair and told, “it would cost more to fix it then it would be to buy a new one”. So you buy a new one and throw the “old” appliance in the landfill. This gave rise to the protection plans that every salesman is required to tell you to buy when you purchase anything because it can be blamed on you if the product stops working too soon.

    I hate to say this about “the greatest country on the face of the earth”, but sometimes we are just a Hollywood facade. I think we’re all dog tired of this short term gain crap and are ready for some long term solutions, not fo-solutions.

    If we could only vote.

  2. #2 by cav on March 18, 2012 - 1:06 am

    …on a paper ballot, and have it correctly counted!

  3. #3 by Larry Bergan on March 18, 2012 - 1:11 am


    Only the greatest generation knew how to count ballots. The hippies ruined everything.

  4. #4 by Larry Bergan on March 18, 2012 - 1:14 am

    By the way I’ve only owned four cars for the forty plus years I’ve been driving and all of them were either based on Toyota or an actual Toyota.

    A Nova, a Corolla, a Celica, and a Corolla.

    My present car was built in 1994 and hasn’t given me a bit of trouble. If I had a chance to get another one, I wouldn’t hesitate to pay more then I did for a moment.

    I will never understand why Americans didn’t learn a lesson from the 70?s and started buying cars that resembled cathedrals the moment gas went down. I do remember a huge campaign on television telling people they were safer in a huge car even though some of them were so tall they would tip over on curves.

  5. #5 by Larry Bergan on March 18, 2012 - 1:18 am

    Also my present car had 80,000 miles on it when I bought it about 10 years ago.

    Just about everything I have is made in Japan, but I still remember when we used to laugh at their finger traps.

    Something about he who laughs last…

  6. #6 by brewski on March 18, 2012 - 10:38 pm

    I drive a Toyota with 226,000 miles on it. My previous one was a Honda when I sold it had about the same.

  7. #7 by cav on March 18, 2012 - 11:15 pm

    Interesting graphic depicting population / density. Check it out.


  8. #8 by Larry Bergan on March 19, 2012 - 2:25 pm

    226,000 miles? Wow, that’s encouraging.

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