A struggle is going on between oligopolies and socialism. Control over industries in our economy is becoming more centralized everyday. As this happens power, both monetary and political, is more centralized. Our markets are becoming less free and the economic playing field is skewed in favor of the oligarch.
As this centralization of power and wealth is occurring, government can step in and try to “equalize” the playing field by either creating more social programs for the needy or better regulate industries so they are not dominated by crony capitalist. Since the depression of the 1930’s the government’s tendency has been to create more social programs.
This country was founded on the principle that everyone is born with the right to life, liberty and the pursuit of happiness. Our forefathers decided the best economic model to reach these pursuits was capitalism. Free markets were chosen to best attain the nations economic objectives. Capitalism is here to serve society. Society is not here to serve capitalism…. More