June 03, 2006
Misesian Thought is Old and "Worn"

According to this socialist nincompoopery, Ludwig von Mises, the greatest social scientist of modern times, was all wet, and his ideas have been proven to be unrealistic.

In spite of the move away from public ownership and toward private ownership, governments around the world have continued to take taxpayers’ money and essentially use it to subsidize private industry and to enhance the instruments of repression and war.

...What about private industry? Has allowing the free market to rip meant less corporate bureaucracy? Not really. Through the first half of the 1990s, the heyday of neoliberal capitalism, the corporate bureaucracy in the U.S. grew considerably.

A look at the health care system in the United States completely destroys the argument that private is less bureaucratic than public. The private, for-profit health care industry in the U.S. generates a massive bureaucracy whose sole purpose is to perform the paperwork involved in ensuring that revenues and profits flow to the “right” people.

Uhh. Ahem. Governments take taxpayers money because government has a monopoly on law and order, and thus takes the property of its captives by force. Nothing "free market" about that. And the health care system is not private. This is where I am sick of idiots not defining their words. The health care system is a mishmash of private and public concerns wherein the medical corporatocracy is enabled by the state via patents, subsidies, and regulation. There is not a goddamn thing "private" about health care in this country. The worst is yet to come:

Corporate bureaucracy is not a product of "state interference" in the free market, but of the concentration and centralization of capital, the growth of the world market, and with it, the development of monopoly control of entire industries and markets by handfuls of giant transnational corporations.

Knowing that states everywhere have a monopoly on law and order, and thus use violence and coercion and murder to serve as a means to their ends, how then, does centralization and monopolization occur? State interference. These gigantic corporations that the socialists are so fearful of are constrained by competition and are enabled, in a statist sense, by regulatory/interventionist means that empower them above and beyond their competitors. The exact function performed by the market is the decentralization of capital. State corporatism grants corporate giants the means to monopolize where there would otherwise be no such ability to do so. All regulation enables the inefficient producers at the expense of the more efficient producers, who are penalized because they are not enabled by arbitrary law to protect their own interests.

Posted by Karen De Coster