Free trade mean anti-capitalism

Free trade mean anti-capitalism (the obvious argument again?)

For centuries now, economists en-masse refuse to acknowledge the
simplest of conclusions: the private finance-sector is a hostile
factor in a free trade (free price setting) economy.

The consumer and labor pressure already selects for quality
production, no other effect is necessary for the purpose of getting
good products/services. It is true that greedy consumers select for a
poor wage, a poor working conditions and a poor law `loyalty' behavior
in companies, because these things are cost factors in the price of a
consumer good. However, the greater consumer masses bite their own leg,
they have to live and work in the companies they are stimulating. That
in addition to a more problematic effect that happens when wages are
already low: people on low wages have no option but to choose for low
prices, a vicious circle starts keeping the economy in its grip.
This opens up the potential of a long-term learning-cycle in consumers,
so that consumers would select more for fair-wage good-behavior
companies -- in which they then will be workers, serving their own
need.

So far so good with the trade economy. But private finance has
its own selection criteria: good products and services, certainly.
But that was already covered by consumer choice. What private Capital
investment want, is profit for allowing a position of power (money)
to be (temporarily) shared with a business (owner). This "privilege"
of using inventors money is not work on the part of the investor,
it is a gambling game and as such non-productive. If only that was
the entire problem, if the Capitalists were only a sector of parasites
not doing too much damage outside of their immediate profit taking.

The investor looks for high return, and will therefore also stimulate
what the greedy consumer stimulates: poor conditions for workers,
evasion of the law, and on top of that dictatorial companies. For
the investor there will not be a learning-cycle toward "good,"
the investor does not work (the professional money gambler), and
investors who "do good," will simply end up losing their money,
becoming irrelevant. Doing good costs money, it won't flow back to
private Capital. These things are roughly as obvious as that a
boat needs to be water-tight in order to sail. Yet economists refuse
to acknowledge and decimate the obvious. Partners in crime with
Capitalists, organized crime, elitism and Imperialism (extorting money
from other economies, pretending to have earned it yourself and
parading the wealth as proof of a succesful economy ...) ?

The private finance-sector has no place in a free trade economy.
It occupies the place of the democratic government, which needs the
power of money-investment to keep the economy healthy, and combat
(rather then stimulate) the effects of greedy consumers. A free
trade economy needs to be supported by a public finance sector,
which is non-profit and controlled by voters.

Free market = anti-capitalism and public-finance. (This means that
the American/Western ideology is self-contradictory, it is
(self-serving) nonsense; a populist ploy (IMHO) to keep voters coming.)
--
http://www.xs4all.nl/~joshb
.

Relevant Pages

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