An Open Letter to my Friends on the Left
http://myslu.stlawu.edu/~shorwitz/open_letter.htm
"No free market economist thinks "greed is always good." What we think is good are institutions that play to the self-interest of private actors by rewarding them for serving the public, not just themselves. We believe that's what genuinely free markets do. Market exchanges are mutually beneficial. When the law messes up by either poorly defining the rules of the game or trying to override them through regulation, self-interested behavior is no longer economically mutually beneficial. The private sector then profits by serving narrow political ends rather than serving the public. In such cases, greed leads to bad consequences. But it's bad not because it's greed/self-interest rather because the institutional context within which it operates channels self-interest in socially unproductive ways.
This, my friends, is exactly what has brought us to the mess we are now in."
Please share this letter with every single person you know. We MUST get the word out about the failure of statist government central planning and the total failure of Keynesian economics.
Speaking as a former leftist...
...I think we need to point out that we don't have "free market capitalism" in North America, Europe or the Far East.
That might seem obvious to everyone on the Daily Paul, but our news media love to propagate the idea that we live under capitalism and that the business cycle is an inherent flaw in the system.
I would start with an expose of the central banking system and the history of money. That is unfamiliar territory to most people.
I had heard plenty of people wax lyrical about "free markets" but all I could see around me were monopolies and cartels. So I never listened! I tuned it out.
Ron Paul threw me a "curve ball" by telling me things that I had simply never heard before. He also told me things that I already knew were true (about the military industrial complex) but I had never expected to hear from a conservative. Very refreshing!
http://brits4ronpaul.blogspot.com/
http://lpuk.blogspot.com/
http://northwestlibertarians.blogspot.com/
bump
for a healthy exchange of opinions.*)
(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies. ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul