“The Lie That is Capitalism”: Glen Pizzolorusso’s True Story Blog

by Bruce Judson on September 20th, 2009

Bruce Judson does a phenomenal job at walking you through history in his book titled “It can happen here, America on the Brink.” A society can not sustain without a middle class, and we have allowed the weakening of Unions, and the creation of a greed machine called Wall St. to erode this middle class.

Excerpts from full blog post:

I think it’s important to establish first that I am a Conservative Christian Republican although some of my views here are contrary to my party’s ideology. I do although support true capitalism, but true capitalism in America does not exist and we need to take drastic measures to realign the country with the dream our founding fathers had.

I grew up with a great respect for free markets and this notion of Laissez-Faire economics. I was a product of Corporate America and truly believed that we are the America we are because of these principles. Oh how sadly I have been misled. First lets address the context to which Adam Smith described “the invisible hand” and Laissez-Faire Economics. If you do not know the term Laissez-Faire its literal translation is “let the business alone,” a philosophy that free markets will always regulate themselves. While this is a brilliant concept it has been grossly distorted through the eyes of Corporate America. Regan’s trickle down economics started a landslide of Corporate Power and I would have to argue that Corporate America has become a Monarch, reigning over all the power and all the money, making it harder and harder for middle class Americans to voice their hopes and dreams.

When Smith coined this concept it was in direct relationship to local business, that a localized community would regulate supply and demand. Unfortunately it has been the catalyst of income concentration to a minute percentage of the US population, and many middle class Americans do not understand the concepts they so rigidly fight to uphold, myself formally one of them. Bruce Judson does a phenomenal job at walking you through history in his book titled “It can happen here, America on the Brink.” A society can not sustain without a middle class, and we have allowed the weakening of Unions, and the creation of a greed machine called Wall St. to erode this middle class.

Note:  Glen Pizzolorusso has appeared  on NPR’s This American Life and  Planet Money.

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