A free
market is an economic system in which prices are
determined by unrestricted competition between privately owned businesses.
A free market is a system in which the prices for goods and
services are determined by the open market and consumers, in which the laws and
forces of supply and demand are free from
any intervention by a government, price-setting monopoly, or other authority. https://www.google.com/#q=free+market+system+definition
The law of supply and demand is the theory explaining the
interaction between the supply of a resource and the demand for that
resource. The law of supply and demand defines the effect the availability of
a particular product and the desire (or demand)
for that product has on price. https://www.google.com/#q=law+of+supply+and+demand+definition
Most of
our expenses are not subject to free market pricing. Our tax dollars are paying
for other peoples’ expenses. Our $20 trillion debt is the result of excessive
government spending. Unnecessary regulations and destructive government
policies are to blame for most of our problems.
Under a
free market system, government would not regulate or guarantee any industry or
commercial activity. In the US,
government would provide a system whereby grievances could be resolved
peaceably. Juries would hear testimony
and review evidence and determine guilt or innocence, winners and losers. Logically, the looser in a court case should
pay all costs, including the costs incurred by the winner. Our current judicial system doesn’t work like
that and allows lawsuits to be used as weapons.
The
alternative to this judicial system was the law of the West, the law of the gun. It was a lot cheaper, but it led to pockets
of governance by ‘war lords’.
Government
did develop systems to determine ownership, including document copies of Bills
of Sale that included descriptions of the property sold, titles recorded and
patents awarded. These are held as public records available for review by
juries adjudicating disputes.
The US
Constitution and Bill of Rights (as written), is evidence that the Founders
wanted an economic system as close to a free market system as they could get. But the founding depended on the acceptance
of the wording of the founding documents by 13 sovereign states, each with its
own agendas and concerns.
Government
in the US has adopted laws that violate free market principles. These included laws governing commerce, regulations
imposed on select industries, selective subsidies, selective favorable
treatment, selective punitive taxation and government run industries like lending,
healthcare and education and are not included in the “enumerated powers” granted
to the federal government.
The fact
that the US federal government operated on revenues from tariffs on foreign
goods indicated that the Founders did not consider free market principles for
imports as necessary. They rather wanted
Americans to buy American made goods to protect and develop full capability in
the US economy. All economies were
“national” and they still are.
Because
our private sector is required by law to comply with government regulations, it
incurs the cost of compliance in the pricing of its products. But the big problems with inflated prices are
embedded in industries that are controlled by government and funded by tax
revenues, like education, energy, healthcare, lending and government itself.
The cost of these services is unsustainable. These industries need to be
returned to free market, consumer controlled pricing and government needs to be
dismantled and returned to its proper size.
This
transition will need to take place over a number of years, to give communities
a chance to reduce the cost of education and give the healthcare industries a
chance to do the same. The US federal government will first need to adhere to a
balanced budget. Reducing tax expenditures for government, healthcare,
education and lending functions should begin immediately.
We are
witnessing consumer resistance to education costs and should see consumer
resistance to the rest as these costs become totally unacceptable.
The
quality of government, education and healthcare is abysmal. The fact that we are paying a premium for
these services is atrocious.
The
primary goal of educations should be help the student identify what they do
well and enjoy doing in addition to developing the skills to function as a
self-supporting adult.
The best
education is self-education and the closest thing we have to that is
homeschooling. Students need greater flexibility to satisfy their curiosity. We
are interested in things we are curious about. The most successful people love
what they do. Students need to choose to do what they love.
Education
classes need to group classes by academic ability to allow slower students to
master their skills before they advance to material that requires higher
skills. Education is the responsibility of the student, with help from parents,
relatives, tutors and teachers as needed.
The best
employment is self-employment. Students
would be wise to turn their natural abilities into family businesses. Working
as an apprentice or a helper is the place to start. You can experience the work
to see if you enjoy it before you invest your own money to learn it. It’s best to read all you can about how to go
about this work before you enroll in classes. Students who like to fix things
will find a wide array of opportunities.
Healthcare
needs to return to affordable treatments, but they won’t until consumers have
to pay for it out of their own pockets. Malpractice lawsuits need to be
replaced by suspensions and loss of licenses. Unnecessary tests will disappear.
Expensive treatments that don’t work should be abandoned. Overtreatment and over medicating should be
avoided. Patients are responsible for taking the necessary vitamins and
minerals to maintain their own health. The body has the ability to heal itself,
if it has the proper ingredients and maintenance.
Government
is a racket and needs to be made compliant with a short list of very limited
responsibilities. Our socialist government continues to tell us we need more
healthcare and education, but they have corrupted both beyond repair. These two
industries need to be purified in the fire of the free market system so that
consumers can regain control of the price.
Norb
Leahy, Dunwoody GA Tea Party Leader
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