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A Blunt Pope Francis Targets Free Market Economics

Photo Credit: breitbartSince taking over as head of the Roman Catholic Church in March, Pope Francis has made several stark comments on world economic issues: He’s cited the pitfalls of capitalism, decried global income inequality and equated low-wage labor to a form of “slavery.”

He’s even described the financial corruption in the church he leads as a “spiritual sickness.”

Analysts say Pope Francis—leader of some 1.2 billion Catholics—is not necessarily calling for the demise of free market theory. Instead, he’s issuing a very strong warning to economic leaders over its future.

“Like many people he thinks capitalism won’t survive unless it decreases income disparity,” said George Haley, professor of marketing and international business at the University of New Haven.

“I think it’s fair to say he’s arguing for a more European version of capitalism going forward, especially after the Great Recession, so there’s more of a safety net for people when they need it,” Haley added.

Read more from this story HERE.

When will Republicans Understand Free Market Healthcare?

Photo Credit: WND

Healthcare is one of the most complex policy issues. The lack of free market healthcare, engendered by endless government interventions (and secondary interventions to fix the original interventions), has made policy solutions even more cumbersome. But the overarching principle of any reform must begin with the understanding that federal intervention in the healthcare industry has inexorably driven up the cost of healthcare and health insurance. As such, no healthcare policy panacea can begin with growing government and further distorting the already grossly-altered healthcare market.

Instead of proposing more free market solutions, Republicans are offering pale-pastel versions of Democrat government intervention as solutions. Here are two examples.

Last week, Congressman Larry Bucshon (R-IN) introduced the Orwellian-named “Truth in Healthcare Marketing Act of 2013” (HR 1427) – a bill that forces optometrists to disclose all their licensing and qualifications in all advertising. It grants wide latitude to the Federal Trade Commission to regulate and penalize offenders. The bill is heavily backed by special interest hustlers like the AMA and American Academy of Ophthalmology (AAO). The ophthalmologist lobby doesn’t want competition from cheaper healthcare providers (optometrists), and they want to use the boot of the federal government to ensnare them in red tape.

It is this sort of anti-free market special interest legislating that has crowded out choice and competition from the marketplace. The reality is that there are already strict laws in most states to punish those optometrists who step outside of their scope of service beyond their qualifications. There is no reason, beyond special interest politicking, for the federal government to get involved. The bill was introduced on April 9, a day before the AAOs national meetings in DC commenced.

Read more from this story HERE.

Video: Walter Williams On the Morality of the Free Market

Economist Walter Williams dispels the myth of the zero-sum game, and in so doing presents a simple and straightforward exposition of free market economics.

Far from being a system based upon greed and selfishness as some claim, Williams ably demonstrates how free exchange is a way of service and mutual benefit to all, and as such is invested with a moral quality.

And it is upon such a view of reality that free market economics reposes.

VIDEO: ObamaCare and the Road to Serfdom

Via AAPSOnline and John Stossel’s Fox News program:

Orthopedic Surgeon and AAPS President Lee Hieb, MD explains to John Stossel why restoring a free market in U.S. medical care will increase access to care, lower costs and improve quality. Government involvement in health care hurts patients.