Posted on 07/10/2021 4:05:40 AM PDT by Kaslin
America’s $28.5 trillion in accumulated debt and likely $3 trillion in debt this year alone speaks loudly to the utter failure of government to be efficient and rational allocator of resources. Yet, in the face of failure, Joe Biden’s is pushing out executive orders “promoting competition in the American economy” as if government is going to manage private enterprise better than the actual CEOs of America’s biggest and most successful corporations.
These executive actions are creeping socialism. They will be harmful to economic growth and American competitiveness going forward. Government has no business meddling in the free market and private enterprise.
During Biden’s announcement of his sweeping attack on private enterprise, he describes himself as a “proud capitalist,” moments before he tried to redefine capitalism as something that needs to be managed by government regulations. It is much like the anti-gun Democrats who claim to support the Second Amendment natural rights of Americans to defend themselves with a firearm before they promote sweeping gun control. Biden’s announcement is strong evidence that his administration is going hard left to please a cadre of progressives pushing an ideology that sees large corporations as inherently a threat to competition.
The truth is that Amazon, Apple, Facebook and Google are examples of corporations that have made American’s lives better. I am not happy with the woke cancel culture that has infected many of these companies, yet I can’t imagine that leftist government bureaucrats will do anything other than accelerate that trend. No sane economist believes that attacking those successful corporations will miraculously transform the American economy into thousands of smaller versions of successful companies.
If you juxtapose the Big Tech balance sheet to the federal government’s, or any of the entities currently managed by Biden bureaucrats, it is obvious how economically stupid this move really is. One need to look no further than the United States Postal Service (USPS) for an example of a government entity that annually loses billions thanks to mismanagement and misplaced goals. The General Accounting Office (GAO) found that the USPS lost $69 billion over the past 11 years. The same bureaucrats who are losing billions in taxpayer dollars are now saying to American taxpayers and private business owners that they can make some woke anti-business decisions that will work better than the laws of supply and demand.
The Biden Administration announced 72 actions and recommendations that have opened the door for unelected bureaucrats to use government power to attack America’s most successful businesses. According to the order, the Biden Administration “calls on the leading antitrust agencies, the Department of Justice (DOJ) and Federal Trade Commission (FTC), to enforce the antitrust laws vigorously and recognizes that the law allows them to challenge prior bad mergers that past Administrations did not previously challenge.” The Biden Administration created a brand new “White House Competition Council” to become de facto managers of larger corporations.
This is an ominous development for economic growth and strong evidence that Biden has outsourced his economic policy to leftists on Capitol Hill like socialist Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), in addition to the AOC radical democratic socialist wing in the House of Representatives. The individuals put in charge of this effort are a who’s who of the anti-business left who want to use antitrust law to second guess big business. Adherents to a left wing economic theory, the New Brandeis movement, include Linda Kahn, Biden’s Federal Trade Commission Chair and Tim Wu of the Biden National Economic Council.
The business community who usually bow to whomever is occupying the White House for fear of retribution was not bending over this time for this extreme list of executive orders. The U.S. Chamber of Commerce, Business Roundtable and National Association of Manufacturers all put out statements criticizing the Biden actions. They understand that this order will empower radicals in government to use federal power to treat America’s most successful corporations like they are run by a bunch of Robber Barron criminals. American consumers should worry that these actions will make America less competitive while hurting consumers.
This may be the most dangerous act of the Biden Administration to date. Conservatives who are not blinded with rage at Big Tech should recognize that this is a naked attack on free market basics. It is time to stand up and strongly oppose this power grab by the Biden Administration to save a largely free market American economy that has produced historically high living standards for all Americans.
Just another money laundering scheme for payoffs to politicians so their corporation will be leftalone
‘Creeping’??
Hardly! For a free and autonomous people, it’s the runaway locomotive to oblivion.
The left is so far gone .. they have no truth.. they have no good to work with.
That’s how it is with evil... it does not compromise and there is no truth in them.
Obama said this is not a Christian nation.. he was gearing the nation and the people to islam...
A nation formed with biblical principles.. a nation set apart by God.. and the snake barry thought he could do with it as his evil heart wanted.
Biden served him.. the
Media served him and worshipped him. Still....
If big businesses dislike Biden’s executive orders they probably shouldn’t have supported him during the election.
“These executive actions are creeping socialism.”
____________
Wrong! This is blatant fascism, when corporations and government are aligned against free-market capitalism.
____________
“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.” ― Benito Mussolini
To be honest, the executive order looked pretty solidly centrist to me. We’ve been wanting to end the corporate welfare of the pharma industry by allowing us to buy at other countries (like Canada’s) pricing since Reagan. I also have no problem ending the odious anti-competition agreements workers (like myself) have been forced to sign. I’m also tired of small companies being gobbled whole everytime they start to make it. These are good populist things, what they aren’t is globalist. I think we should take the win.
Wait, so now we are supposed the defend these woke companies? The companies that are so big they can censor whoever they want? The companies who supported and help orchestrate putting Biden in office? Now you want to tell me they have made our lives better for it?
During Biden’s announcement of his sweeping attack on private enterprise, he describes himself as a “proud capitalist,” moments before he tried to redefine capitalism as something that needs to be managed by government regulations.
—
This is exactly what Xi Jinping and his CCP is doing in China, albeit with more authority and success. Like Master, like puppet.
Its actually more like Chinese Communism under Xi Jinping which blends elements of both Fascism and Communism into a socialist-like state. And don’t forget the goal of socialism is communism. Biden is just attempting to follow his master’s lead.
Mussolini was hung. He’s dead, Jim.
“free enterprise” being redefined by the bogus commie word “capitalism”
“free enterprise” being redefined by the bogus commie word “capitalism”
—
True, because the term ‘capitalism’ was coined by K. Marx
I think one item is good in this, eliminating non compete agreements. I see these all the time, in the construction industry, really the construction industry??? It’s ridiculous, the people who are bound by these agreements often lack the resources to find out exactly what the non compete even means. Then when they leave the employer, said employer sues them for working in their field of expertise again during whatever non compete period was in the agreements. The former employee, not having the deep pockets of the employer always ends up holding the short stick.
I can understand high level executives but employees! The Chamber of Commerce and all the business roundtable entities are not in support of this because it may put a damper on some of the monetary support they get from these companies.
I for one, as a business owner, who’s not afraid of competition, fully support the one portion of the XO which is eliminating non compete agreements on a nationwide level.
If the GOP tries to campaign against this on principle (as opposed to giving good solid rubber-meeting-the-road reasons instead of free-market unicorn farts), they will lose populists. It may be that this executive order was intended to split the GOP coalition.
Biden put “Right to Repair” in his executive order. So that’s one for the little guy vs. Big Corp.
Mussolini may have been hung, or he might have had a tiny pecker. In any case he met his demise when he was hanged.
Mussolini may have been hung, or he might have had a tiny pecker. In any case he met his demise when he was hanged.
—
So? That was a comment to another poster’s quote, not to you. He was hung that’s history. As for his anatomy, I know and want to know nothing.
what is the definition of fascism again?
something about a socialist tyrannical regime controlling business?
schindler made a lot of money but he could not make a decision without nazi approval. kind of something like that.
Not creeping socialism it’s full power ahead the next six months is not going to be good.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.