William Thien

Socialism and our supposed “Free-Market” economy

Posted on: August 1, 2016

I have written about and we hear more and more now about how extensive socialism is in The United States yet we supposedly live in a free-market economy.

But in reality we don’t completely realize how extensively socialized the country really is.

Well, how extensively socialist is The US, Bill?

Without socialism our supposedly “free-market” economy would collapse overnight.

What? What the heeall is you talking about, Bill?

Well, take rent assistance for example, a socialist program which at first seems designed to keep people off of the streets and with a roof over their heads. But in reality what rent assistance does is prop up apartment rental prices. Rent assistance favors the land owner more than it favors the renter by elevating the value of property and keeping it occupied.

How about food stamps then, Bill? That’s socialism!

Well, food stamps do the same for the price of food that you purchase in the marketplace or at restaurants. Funny thing is, many places that accept food stamps or nutrition assistance funds also employ large numbers of people on food stamps. Take Wal-Mart, for example. A recent Forbes article attributes $6.2 Billion in food stamps and other public assistance to Walmart employees. McDonald’s (something I just discovered when reading the article this morning) and other large restaurant chains account for nearly $7 Billion during the same period. That’s right. If you patronize those establishments, you support the same system which enlarges the socialist state.

But it doesn’t stop there. There are hundreds of food stamp programs in the US. There are just as many other social programs, a large number of them designed to support women having children out-of-wedlock which likely accounts for the largest outlay in dollars for socialist programs.

This is my own observation but without all of these programs the so-called “free market” economy in the U.S. would collapse as prices would fall dramatically and profit margins would vanish. What are considered social programs here in The U.S. have the exact same effect as “price controls,” just on the upside as in a stimulus this time, in a completely socialized country.

Is there a way around or out of this economic condition? Yes, as I was the first to suggest, instead of simply canceling all of the social welfare programs, gradually reduce the outlay over a five or ten-year period by a certain percentage every year, thereby the shock to the beneficiaries of the socialist system by canceling funds immediately.

If in a particular urban area, for example, you cancel rent assistance programs, property values would plummet overnight.

The same is true for food prices if you cancel food stamps.

I’m not saying either is a bad thing, but it explains a lot.

Copyright © William Thien 2016

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