Good Question By Accident
This read is astonishing.
This raises a truly alarming question: can capitalism and democracy survive side by side?
[edited for relevant concision]
His conclusive question is valid, but not for the misguided notions he presents.
The answer is clearly no, Democracy and Capitalism are not compatible.
Capitalism is a system based on individual rights where Government acts to protect such rights as the sole agent of retaliatory force.
Democracy is mob-rule. Whether the gangs involved are political parties, lobby groups or grassroots organizations - they are all competing to condone and prescribe illegitimate government force to achieve their ends. Such goals can only be achieved by encroaching on other individuals right to life, liberty or property and cannot be accomplished under a system where said rights are sovereign.
The author seems to resort to the tired old false dichotomy of Keynesian meddling vs. full Statism, i.e., Socialism/Fascism vs. Communism - neither is the path to Capitalism and the prosperity that results.
America is not and was not constructed as a Democracy but rather a Constitutional Republic. To borrow Ayn Rand’s words -
The American system is a constitutionally limited republic, restricted to the protection of individual rights. In such a system, majority rule is applicable only to lesser details, such as the selection of certain personnel. But the majority has no say over the basic principles governing the government. It has no power to ask for or gain the infringement of individual rights.
Also, contrary to his apparent penchant for central planning, Keynesian madness is precisely the tactic (facilitated by a phony currency) responsible for all previous, current and our impending economic turmoil because it involves wholesale trumping of individual values, choices and accountability and the attempt to evade reality in a economic context.
I’ll end with the thoughts of Myrhaf:
The only solution to the entire crisis is the one thing our statist politicians cannot tolerate: individual rights. Get the state out of the economy and let free individuals dispose of their property according to their best judgment. No, Obama and his buddies want no talk of individual rights; they want the people to think of themselves as part of a collective controlled by the state.
Mob violence is a perfect manifestation of Obama’s collectivist vision of man’s nature. His altruist-collectivist-statist premises have no room for free, rational individuals trading peacefully with one another without interference from their masters in Washington, D.C.
