Crony Capitalism Isn't The Free Market.

Many on the left proclaim that capitalism doesn't work because of inequality and wages. However, wages are agreed upon by the employer and the employee, no one forced anyone to take a job; at least it is voluntary. However, I will admit corporatations have misused their wealth, to gain advantages that otherwise they couldn't garner.

Corporate personhood is something I disagree with completely. The idea that the corporation is a person, because they can be penalized is ludicrous. Merely because you can fine an institution such as a corporation, but you cannot jail them, such as you could do an individual. 

If we abolish corporate personhood, then people would personally be held responsible for the actions they perpetrated with their corporations. With people knowing they would personally be held liable, corporate abuse and other absurdities they commit would decrease as people would be subject to the consequences of their actions directly, not just their businesses paying fines.

Alot of those C.E.O's make their money, and when their company gets caught doing whatever illegal endeavor, the company is fined and pays penalties but those individuals don't pay out of their own pocket books and rarely go to prison.Ultimately it's the investors in the market whether rich poor who burden the loss.

Many would be surprised that a lot of billionaires have amassed their wealth working with government contracts. We complain a lot about how government should fix inequality; whereas they are producing most of it. Raytheon among other companies are paid billions in tax payer money to be funded and manufacture munitions.

That is why wars are perpetual. In order for these companies to keep profiting billions of tax payer money. The American war machine must continue indefinetely. If they are to make a profit, we must be involved in some conflict some where; as you have noticed most of those intitatives have nothing to do with us or our property.

So why should we put our persons and property in constantly propagating war? If it brings no benefit to us, and most Americans would rather be at peace than in be at war. Not only is it costly, but it has cost so many families their dear ones life. Many more trillionares have amassed their wealth by guaranteed government contracts even for years, at ridiculous costs at the tax payers expense.

So to suggest that the same mechanism that prevents people from getting wealthy, and allows others to get wealthy; is the same one you will use to reduce inequality is ridiculous. We all know that lobbying exists. A lot of politicians cater to their donors and those donors must be wealthy enough to influence politicians, thus they amass more wealth than they would through the market.

Unless we can decentralize more power to the states, and disenable lobbying; the federal government with its special interests cannot be the mechanism to achieve more prosperity or equality. A lot of their economic policies harbor special favor privileges to those wealthy donors that funded their campaigns. The fact that people think this same government, can create actual income equality whereas it is causing it, is illogical to any reasonable person.

Subsidies are also another mechanism the government benefits one business over the others. Why should tax payers money be used to keep afloat inefficient businesses? If they are not making a profit, it means people are demanding less of what they have. To reward them for it, does not make any sense. To make more of what less people want, isn't economical.

Also that labor and capital that has been proven to be inefficient to the market in that particular industry, could be used in other sectors of the economy. Those people would have to seek other forms of income, thus the standard of living of society would rise, due to the rise of capital brought in by these people. Either through labor or even creation of new businesses.

The last point I'd like to emphasize is barriers to entry. They make it more complicated and expensive for smaller businesseses to start, by creating an unnecessary and costly expense just to start a business. If such barriers would not exist, many businesseses could be established and compete mostly locally.

Capitalism has eliminated poverty more than any other system we have ever practiced. However to throw away the whole free market because a few have abused it, is not logical. What we must do is examine the law, or even lessen it; so it won't be able to be misused to profit the already wealthy. The inequality between the super rich and the people wouldn't be as big, without government. What we have is crony capitalism, this truly isn't the real free market.