Given some recent comments from our audience, we wanted to take the time to further explain free-market capitalism, fascism, and socialism in greater detail. We then take these definitions and make reasonable observations of our current environment. Clearly, from an objective viewpoint, it would be extremely difficult for one to argue that what exists in the USA is free-market capitalism. That’s because we do not have free-market capitalism. What exists in this country, and it’s an unfortunate reality, is fascism with a big side dish of socialism. The argument during the 2020 campaign is going to be primarily focused on free-market capitalism vs. socialism. The problem with this is that free-market capitalism does not exist in the USA. So what’s actually being argued? Ironically, there are growing calls for this country to adopt socialism. It’s ironic, because the same people who complain about free-market capitalism are actually complaining about the distortionary effects that are caused by socialism and fascism! This is why this podcast exists and why we specifically take the time today to discuss these definitions and the economic history of the USA in fuller detail.
On the 2020 Presidential campaign, it appears that another contender may be entering the race. Former mayor of NYC, Michael Bloomberg, filed the requisite paperwork in the state of Alabama to meet the state’s deadline to be on the ballot for 2020. Bloomberg gave serious consideration to entering the race before, but was waiting to see if Joe Biden would enter the contest. With Biden in the race, Bloomberg took a step back. Given the recent poll numbers and funding concerns around Biden has perhaps made Bloomberg give this a serious second look and may very well enter the race. Money is not an issue as Bloomberg is one of the wealthiest men on the planet and could entirely self-fund his campaign if he so decided. Bloomberg would likely be viewed as a centrist, both a former Republican and Independent, his appeal would be more broad-based as opposed to the gas-lighting nature of the like of Senators Warren and Sanders and their march towards socialism. Interesting to say the least. Stay diversified, stay vigilant, and stay with The Kapital News. #Capitalism #FreeMarkets #Economy #Politics #Recession #EndTheFed