Tuesday, July 25, 2006

The Whipping Boy Policy of Democrats

Have you ever noticed how the economic policy of the Democratic Party is terribly inconsistant? Time and again I've heard my fellow Democrats complain about the "price gauging" and tremedous profits big oil companies. Do they not realize that this is how the market functions? Businesses set production levels and prices such that they yield maximum profits. Every other business in the market, from Microsoft to my grandfather's flea market booth, does this, but the big oil companies are "profit gauging" by commiting the same act.

The economic progressives, for political reasons, cannot afford to admit that they simply do not believe in the power of freedom in the marketplace. That is why they engage in this whipping boy policy. They attack individual businesses for engaging in common market practices that they are too affraid to attack directly. After all, even they recognize how stupid it would sound to suggest that profit maximization doesn't serve to incentivize productivity and efficiency in the free market.

Whether it's Exxon, Wal~Mart, McDonald's, or Nike, economic progressives will desparately search for any pathetic excuse to attack big business. Their attacks on individual businesses invariably apply to the market in general, but they would not dare to attack the ideal of economic liberty directly. Instead, they choose a prominant business as a scapegoat for common market practices they secretly despise. They have hoped that people would not realize that their attacks on individual businesses are nothing more than thinly disguised attacks on the free market. Unfortunately (for them) people have begun to see through this charade and now they must cease their whipping boy rhetoric or admitt that they do not believe in economic freedom as a means to ecnomic prosperity.


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