As the grasp of governmental control has become more extensive consequently resulting in the gradual erosion of our freedom, it has become essential for elected officials to manage the blame game. Being able to assign and advance the assessment of blame has allowed the Government its opportunity to absolve itself of any wrongdoing while simultaneously crafting a self-serving remedy. Its favorite villain once again is capitalism and the free market, this seems fitting because these are the principle obstacles to absolute governmental control. Promoting the perception that capitalism has failed our nation allows politicians to expand their dominion by promising a more economical and benevolent outcome with public intervention. Funny how that works, capitalism stands in opposition to an expansionary Government thus it becomes constructive to discredit it with the goal of strategically promoting public solutions. The problem with this scheme is that it often sounds convenient and appealing to the masses, but the Government rarely delivers its promises as articulated and their implementation commonly plants the seeds of destruction.

Free market capitalism has in no way failed; it is still the preeminent economic system that provides the highest standard of living for everyone which explains why so many other nations are increasingly applying its practices. The failure being experienced is our nation’s lack of appetite for the ramifications of the capitalistic model. Unfortunately, it periodically requires a downturn or recession in order to consolidate and strengthen winning businesses while simultaneously purging the substandard ones. This is the often-touted creative destruction process and it is essential to allow the best to proceed forward. Our society has become intolerant to the process of failure particularly when large organizations are concerned thus giving rise to the “too big to fail” concept. We instead have accepted the Government’s intervention of propping up failed institutions rather than allowing for the clearing process of failure to occur. Capitalism will eliminate the inefficient and reward the successful without any hesitation through an effective market mechanism, and any intervention of that process only distorts and lengthens the suffering involved. It is this type of intrusion that historically turns recessions into depressions. We are currently experiencing a purging process and it is left to be seen what the outcome will be from our Government spending trillions of dollars in a futile attempt to circumvent this reality. The true market will prevail in the end despite intentions otherwise, for it is only a matter of when and how much damage will be created by obstructing the recognition of this basic truth. Capitalism is indeed alive and well when it is allowed to function freely, and it will bring the fastest and most economical solutions to society despite any associated distress from its often swift execution. For our Government to proclaim that capitalism has failed is akin to thinking that the weather has failed because it is raining, but we should in fact know it is both necessary and constructive. The role of allocating resources can not and will not ever be accomplished efficiently by politicians spending our money attempting to pick winners and losers for our alleged wellbeing, only capitalism can accomplish that.