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View Diary: No, Seriously, What is Libertarian Populism? (124 comments)

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  •  Great diary Shef, but allow me to add a few points (4+ / 0-)
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    Shef, native, Temmoku, caul

    There is no such thing as a free market. We saw that in the 1870s. Unregulated markets lead to monopolies and cartels. We were not founded on free markets. We practiced protectionism from start to only quite recently when we embraced free trade after we had established our industry and shifted away from manufactoring. We tried free markets after the Civil War with tariff barriers keeping out foreign competitiion. Yes it is an oxymoron but we did that as a manner of policy.

    What we actually have is a system that protects large corporations. The last serious anti-trust case was AT&T decaeds ago. Nobody really wants free markets unless they are allowed to cartelize the living hell out of the economy. We manage our economy today but we manage it in favor of the wealthy and powerful. The difference between todays economy and socialism is that in our economy today there is no care or concern for the bottom 90%. No concern for consumers. And no concern for the future. We are in the process of gleefully burning our bridges. The enviornment, education, health care, infrastructure and our civic life. We live as if the world is ending tomorrow so tomorrow does not matter.

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