The Illusion of Choice

.............The State’s self-serving version: Too Big to Fail? Where might the economy be if the weak hands had been eliminated from the market, ceding what remaining value they had on the books to institutions that had exercised prudence and good judgment while future bailout recipients busily indulged in excessive risk-taking and reckless profligacy?

We’ll never know, of course…because Bernanke, Paulson, Pelosi & Co.’s false dilemma scared enough people into thinking there was “no other option”........ it attacks the creative process by which new ideas come to “market” by slamming the door closed on alternative possibilities.

Nowhere is a free market alternative presented. And it’s little wonder why. At the precise point the free market ends, the tyranny of The State begins. Nowhere do the two overlap. (Crony capitalism, mixed market economies and the rest are NOT free markets.) Clearly, therefore, it is in The State’s best interest to see that free market activity is marginalized as far as possible in order that The State itself might occupy ever more space in people’s minds and, by extension, in the economies they are “allowed” to build....some confused people even contend that, were we to ignore the iron-fisted directives of The State, we would promptly descend into a Mad Max-style dystopia, in which a collection of unchecked territorial monopolies would roam the planet, stealing and damaging property at whim and torturing, imprisoning and killing whomever they so wished.....

By Joel Bowman