Amerika

Someone asked in the comments what a mixed economy was, so it seems time to cite a slightly older article which gives you the skinny:

However the voters remain entirely oblivious because they still believe in the magic that is even more ludicrous than Santa Claus, the Tooth Fairy, Molech, and Jesus Christ all wrapped into one: free money. This is how silly people think, that the government just prints money and it is worth just as much as the money before they did this.

To them, capitalism is bad because it enforces reality and socialism is good because it suspends reality by giving them free stuff. They think we suffer under capitalism, not realizing that we live in a mixed economy:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

For example, the United States is a mixed economy, as it leaves ownership of the means of production in mostly private hands but incorporates elements such as subsidies for agriculture, regulation on manufacturing, and partial or full public ownership of some industries like letter delivery and national defense. In fact, all known historical and modern economies fall somewhere on the continuum of mixed economies. Both pure socialism and pure free markets represent theoretical constructs only.

Those who are not brainwashed by modernity — there may be up to a few million of you out there — recognize exactly what the mixed economy is. It has been re-branded, of course, because urban haute bourgeoisie consumers do not like associating with failed systems, but we know it now as market socialism or socialist society driven by capitalist markets:

Market socialism, also called liberal socialism, economic system representing a compromise between socialist planning and free enterprise, in which enterprises are publicly owned but production and consumption are guided by market forces rather than by government planning.

In other words, “mixed economy” is the polite term for “market socialism” which means capitalism markets used by government as a tax cash cow in order to fund socialist-style entitlements. They hide it behind three layers of terminology because the voter cannot penetrate more than one.

This means that if your economy is a cash cow, it is also a socialist provider, meaning that under a mixed economy your dead economy is being used to buy votes from minorities, cool box wine aunts, soy boys, promiscuous lost urbanites, and socially preening suburbanites because no one expects it to recover.

To translate that, we live in a Keynesian socialist economy grafted on to a capitalist system. The socialist side is responsible for most of our woes because it raises prices by adding taxes, regulations, legal uncertainty, and affirmative action to the cost to business, which they pass on directly to the consumers:

All costs are passed on to the consumer. Ordinary people think that those with wealth sit around in vaults of gold trying to figure out where to put it. In reality, wealth consists of betting everything on your hand like at poker, time after time, in order to get a percentage back, building more wealth so you can make bigger and more plentiful bets. As a result, any costs are included in the price consumers pay. Income taxes, property taxes, paperwork, lawsuits, unions, red tape, affirmative action, and insane laws all raise the cost to consumers, who then find that despite the free money from government, they never have enough. This keeps them vested in the system but always struggling to show allegiance so they can get a little more.

If you want to escape modernity, it is important first to detox from it, which means clearing your mind of illusions like that we live in a capitalist economy and there is free stuff from government. You are paying for a very expensive service which continually devalues your currency.

This service got itself a Golden Ticket back in the 1990s when Clinton declared that diversity was our “way forward” and started dumping tons of money on it. Suddenly, you could justify anything by finding a plausible claim that it increased diversity.

The same thing happens any time the Crowd panics. In the 1910s, people were terrified by the rise of anarchist violence, so they decided to adopt an income tax and a welfare state in order to buy off the restive proles.

By the time the 1930s rolled around, Keynes was in favor and the mixed economy was born, although it had already existed under Bismarck and other European conservatives for some time. The wisdom was that subsidizing the proles in a substitute for feudalism would avoid more French Revolution events.

That failed in the US of course, mostly because a huge open country exploits any free resource recklessly, and soon the country was heading toward bankruptcy with a dead economy. FDR bailed us out by provoking the Japanese into starting a war, and that worked for awhile.

By the time the 1960s came around however the integration policies of the 1950s had produced a new underclass of destabilized Black Americans who wanted more from life than a tenement and manual labor job. More subsidies came to the rescue from JFK and LBJ.

Things stayed relatively stable until the racial unrest flared again in the early 1990s, at which point Bill Clinton came in with some limits on welfare but a commitment to use Affirmative Action to shoehorn minorities into good salaries.

The Barack O’Bama presidency merely made this more solid and caused massive currency loss which has only been equaled by the Biden administration, which seems to be following the same playbook. Such is the curse of living in a mixed economy.

Tags: affirmative action, bill clinton, capitalism, FDR, JFK, LBJ, mixed economy, socialism, welfare