A capitalist economic system?
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
A productive suffix in the formation of nouns denoting action or practice, state or condition, principles, doctrines, a usage or characteristic, devotion or adherence, etc.
So, to be accurate, the significant feature of capitalism is the investment of capital to achieve an anticipated profit and/or goal.
On the other hand, a free market, free enterprise system, which our Founders intended, allows for the investment of capital to achieve profits and goals by the people, but also restricts our federal government’s actions as directed by our Constitution.
Keep in mind our Founder’s often describe our system in a manner promoting a “free” market, “free” trade, or “free” enterprise ___ “free” being the operative word, e.g., see Thomas Jefferson’s First Annual Message to Congress: ”Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise.”
The lawful powers delegated to our federal government, as distinguished from those retained by the states, were summarized as follows in Federalist 45:
“ The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation, and foreign commerce; with which last the power of taxation will, for the most part, be connected.
The powers reserved to the several States will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people, and the internal order, improvement, and prosperity of the State."
Some examples of today’s unconstitutional federal capitalism are: Obama’s green energy money laundering “investment” operation, Fannie Mae and Freddie Mac, our student loan crisis, the 2018 farm subsidy bill, small business loans, and many other taxpayer financed schemes in which our federal treasury is plundered by folks in government, and a privileged few benefit at the expense of hard working citizens having their earned wages confiscated to finance the above mentioned privileged few.
Are you a fan of the above mentioned unconstitutional federal capitalism?