Monopolies are unhealthy for a capitalistic, free-market system. They stifle competition.
Politics » Government & Politics
Government & Politics
Beliefs: Christian - Protestant/Other
Tags: capitalism, founding fathers, government and founding fathers, government and monopoly, government and slavery, government and socialism, socialism
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Socialism. I can almost see your eyes glazing over. Fight the urge. You may think the topic is unimportant; will it change the price of my next latté, you may ask? Does it really matter what kind of government we have? Give me a moment and I will show you why the concept of socialism is profoundly important to you.
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“If men were angels, no government would be necessary,” wrote James Madison in 1788. It would be disingenuous to assert that all the founding fathers agreed on the extent of the federal government, but they all agreed that government was necessary.
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The Founding Fathers were well read in the areas of economics, political separation of powers, and the rule of law with an in-depth knowledge of history. Understanding their background may be why W.C. Skousen in "The Five Thousand Year Leap" commented,
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Six years after the American Revolutionary War, Congressmen from 12 states ratified the United States Constitution. However, the ratification process did not go as smoothly as many would have desired, and several members of congress needed to persuade their constituents. In fact, under the pseudonym Publius, James Madison, Alexander Hamilton, and John Jay wrote a series of 85 papers to persuade the citizens of New York to vote in favor of the proposed Constitution.
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The planned economy is imperative in socialism. It is by the method of planning the economy that the socialist attempts to actualize his ideals. One way he can achieve his goals is to dissolve private enterprise and organize a planned economy centralized in the state.
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