Why Capitalism Works and Government Doesn't
Or, How Government Is Recycling the American Workforce to Pay Its Bills and How the Rich Profit from Big Government
by
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Excerpt Chapter 2, page 20 Socialism is the last adversary of free humankind. But it is a far different opponent than Communism or Fascism. …………………………………………………. Socialism is a cancer that grows from within. It is devious and devastates its opponents by blaming the economic host for the ill it creates. When programs fail, its bureaucrats decry the lack of funds or the failure of the economic system. Socialists no doubt believe what they say; their idealism is sincere. They also believe that the simple platitudes they use protect them from contaminated logic. Their idealism protects them only from reason, and as true believers, they will never accept being wrong. It would be harder still for Socialists to understand that their effort encumbers the many that receive the benefits they advocate. But Socialist guidance must be subdued before those who receive their larder from socialism too far outnumber those who fill the storehouse. It is not the rich we need fear; we need protection from those whom we nurture. AUTHOR’S NOTE: THE 2008 ECONOMIC CRISIS Page v This book took years of reflection and even more years to write and does not mention the 2008 economic crisis, although it does foretell its possibility. Therefore, I felt that I should discuss that crisis. To begin, I do not support current economic theories and am not a proponent of any political party. The book makes an emphatic statement that definitive economic solutions exist that are based on the economics of labor and not demand or supply side economics. Additionally, the old writers, Smith-Marx-Engels-Mandeville-Schumpeter-Keynes, were simply observers in an embryonic revolution. These brilliant men did not and possibly could not have known where capitalism would take society. They made meaningful observations, and they were thinkers, unlike modern economists, who, it seems, have limited themselves to a debate over old ideas. Now to explain: In the book I suggest that a modern economy should be more stable, and indeed, we have had nearly twenty-five years of mostly uphill growth in the number employed and our stock market. The reckoning for stable economic growth was made based on the observation that the division of labor had been evolving in stages that I call Rural, Transitional, and Complex. Basically, labor has become so divided into professions, occupations, and work responsibilities that any individual catastrophic event would typically have only local consequences. Also, we have come to a point where private-sector businesses have the flexibility to adapt to market forces that are indicative of a Complex economy and needed to fulfill increasing government demands. Thus, given normal circumstances, our Complex economy would not suffer greatly from any event. The only ostensible cracks in this theory would be the recession related to the dot-com revolution and the 2008 debacle. The dot-coms did consume enormous amounts of capital and manpower, and that recession resolved itself quickly and with no meaningful disturbance in employment. Its occurrence is not an exception to the rule. There is one fl y in the ointment, which brings us to the 2008 crisis.
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About the Book
This book will revolutionize economics. Do not expect an easy read. Physics was not easy, chemistry was not easy and neither will be the science of economics. This book discloses that economics is not a philosophy, but like all science, it is a subject of mathematics. And, if we truly understand what is happening in the economy, how much easier will it be to control our own future.
It displays an entirely different approach to solving the problems and understanding the functions of an economy. The author uses mathematics to create economic theory. Economists spend too much time gathering data and then trying to draw some rational conclusion from the information. But, the same information produces different results that are dependent on the researcher’s political or ideological bent. Like a dog chasing its tail these economists go round and round telling each other that he or she knows how an economy should be handled. Millions have died and billions have suffered as a result of their failed wisdom. And, so it shall continue until everyone can first start with mathematically based theory and logic.
"Why Capitalism Works and Government Doesn’t" is written in text book fashion. As with all text books, the reader should plan additional time when necessary to read and re-read the passages. If the reader is patient, he/she will be rewarded with a clear understanding of the logic and mathematics that the book presents.
Freedom and Capitalism are inseparable. By supporting one, we support them both, by opposing one, we oppose both. "Why Capitalism Works and Government Doesn't" provides the understanding needed to win the war of ideas and provide a basis for freedom to exist for millenniums.
About the Author
EW Dedelow is a Certified Public Accountant and a successful businessman with an incredibly varied background. Experiencing work in the industrialized north with union jobs in steel mills, processing plants, and on construction sites and subsequently compiling nearly forty years as a professional in the often vigorous up and down economy of Florida. Working as a consultant for businesses, he handed large and small financial matters, created accounting systems and advised and applied tax law. As CEO of his own successful business he developed and invested in real estate while privately investing in the stock market. His background in economics began in his youth when he first studied economics on his own. That knowledge was furthered by a college education and his never-ending reading of business subject matter. Over a period of fifteen years he wrote commentary on his opinions into personal writings which were eventually assembled into “Why Capitalism Works and Government Doesn't” and the draft of the “Economics of Labor”. He doesn’t just believe in free market principles, he proves that capitalism is backed by natural irrefutable laws. His explanation will provide surprises for everyone as these laws when applied give results that will be revelations for both the right and the left.