Since WWII, our free markets have been slowly disassembled

To the editor:

Throughout most of the United States’ history, free people acting within free markets built a nation of abundant opportunity and great prosperity. Within half a century of our founding, America was a challenging commercial powerhouse. By World War I, a dynamic, wealth-creating American economy provided for increases in the standard of living by magnitudes never before experienced.

During the century that followed, beginning with the creation of the privately owned Federal Reserve and running through the new spate of job-killing Environmental Protection Agency environmental regulations, those who loathe free markets and are intolerant of free people have so distorted and bound the American economy that we are now on the cusp of economic disintegration.

During the last 30 to 40 years, we have lived off our previously accumulated national wealth. One can only do that for so long, however, and then a great climax is due. Welcome to the end of the century in which elite, benevolent central planners disassembled free markets, undermined the entrepreneurial spirit and weakened the independence and industry of the people.

Some people describe the period since the 2007-08 meltdown as “the weakest economic recovery in America’s history.” In the not-too-distant future, we will more accurately recognize that which we are experiencing as the Greater Depression. Such are the consequences of the progressive’s deconstruction of the American free enterprise system.

Unfortunately, here we sit, working our way into fundamentally transforming ourselves into a Third World economy. By turning away from freedom, toward a central planning model bent on de-industrializing the economy to achieve radical environmental agendas and a new social order founded upon social justice, we found the path to the lower standard of living and reduced opportunities governments always produce when wealth production is removed from the private sector and transferred into the hands of big government statists.

One often hears that the United States is the richest country in the world. Nothing could be further from the truth. Honest, straight-forward accounting of assets and liabilities would report a bankrupt central government consuming and destroying the very last vestiges of the national wealth.

—Michael Lewinski

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