Don’t Confuse Free Markets with the Interventionist State

by Richard M. Ebeling
The American Institute for Economic Research

When most people put on their “reality” hats about politics, there are few among them who do not cynically see the power-lusting, the corruption, and the hypocrisy in most of what is said and done by those running for or sitting in political office. A constant point of dispute and disagreement is over how and why it is that governments have this seemingly inescapable tendency. The all too frequent answer in modern democratic societies is the claimed nefarious influences of businessmen to use government at the expense of most others everywhere around the world.

The latter is a near permanent theme in literature, movies, and the mass media. Widely used political and ideological rhetoric is portrayed as a false cover for what is really an often-successful attempt to dupe most people into thinking that what is “good for business is good for America.” Far too many politicians are the partners and accomplices to these private sector abusers of the public trust, it is said, since government is supposed to assure fairness and “social justice” for the many rather than privileges and favors for the capitalist few.

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