The government interferes with free enterprise by creating red tape, wasting hard-earned tax- payer money and undermining market incentives. The solution is to shrink government. Fortunately we have managed to elect a number of representatives to Congress to ensure that we get the government off our backs. It is important to support their efforts in order to achieve maximum prosperity. Here are three reasons to support their efforts and what you can do to help.
First, we must keep in mind that there are two ways to make money. One is by building new and better products that meet real social needs and generate much needed work for citizens. The other is by taking advantage of people by developing financial instruments that generate wealth through speculation and the drain resources and eliminate jobs in the those parts of our economy that are productive. Lately the latter types of investments have been much more profitable. Eliminating government oversight makes it much easier to develop fraudulent financial instruments and to generate the fast money associated with speculative investment.
Second, all production generates waste and stresses the environment. Profits are enhanced when the social costs of production are borne by others and the private gains are concentrated in the hands of a few. Government oversight of the environmental impact of business makes it much more difficult to avoid paying the social costs associated with production. By shrinking the EPA and by gutting State and local environmental regulations, we can more easily pass off the environmental cost of production while enhancing the corporate bottom line.
Third. We all know competition is bad for business. When we compete for markets we inevitably drive prices down, bid up wages and are forced to innovate to create better products. All of this activity reduces profits. Our bottom line is enhanced when we can erect obstacles to prevent competitors from entering markets. Fortunately, once monopoly conditions are created, our monopolies create profits, profits that enable us to establish effective barriers to entry in industry, permitting us to gouge consumers and use the obscene profits to underwrite public relations, “think” tanks and journalists that celebrate the invisible hand of the market. Governments are the main means by which monopolies are undermined and so government efforts to destroy monopoly need to be nipped in the bud.
What can you do to support our efforts? Just keep buying the line that we are doing this for your benefit. Keep voting for congress people we are financing – representatives that will help us to disassemble and disable government oversight of business. After all, our interests are your interests, are they not? Let’s all work together to get the government off of our backs.