What if capitalists wrapped up "Socialism" into a product and sold it to the masses?

submitted by sawboss from self.ShowerThoughts

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[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Excellent articulation.

I couldn't have said it better.

+3

Edit: In classical economics the term "Free Market" meant goods produced for the common community good should be priced barely above the cost to produce them, as if they were almost free; plus the cost to produce. A free market.

That was the original, and technical meaning of the "free market" economy. This was implemented in relatively effective manner for a brief time (and in specific instances). Utilities are a vestige of this philosophy, with a publically granted monopoly to subsidize and protect the investors; in exchange for modest margins.

The economy grew tremendously in the early 20th for this reason. This is an example of middle class socialism in action.

This fact of US economics has been written out of the history books.

College texts don't even discuss it.

The brainwashing and propaganda has been so effective that most in the public cannot even hear the words; let alone discuss the obvious facts.

[–]Jesus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

That's why people allow the neoliberals and neocons to think for them. It's much easier but more destructive in the long run.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

You may be right.