Progressives lament the harshness and corruption of the private sector, capitalistic economy – insurance companies denying coverage or charge too much for their product are common grievances – yet they naively assume that as long as politicians and government bureaucrats control things, greedy and self-serving behaviors will disappear, and the “collective good” will reign supreme.
But there is no historical basis for this assumption. Indeed, most of the world’s roughly five-thousand years of history paint a brutal picture of government “rulers” and “ruling classes” of people, abusively lording their power over the poorer classes. This is to say that there is no one individual (not even President Obama), nor any one select group of people (like Congressional Democrats) that are so “moral” and “virtuous” that they will consistently set aside their own personal self-interests ( self-interests like increasing their power and popularity), as a means of serving the collective good.
No, part of being human is to be self-interested, and the Obama Democrats have displayed in painful ways that they will do whatever they want with other people’s economic resources, so long as it makes them feel good.
This is why conservatives believe in the free-market economy. And not a free-market devoid of any and all forms of regulation (such economic systems only exist on paper). But rather, a free-market economy where market competition provides a check-and-balance to bad behavior.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.