When then confronted with the obvious failures of the current economic system, where so many are living below the poverty line (which by the way doesn't mean that only those people are poor), where crime runs rampant, where half the population can't even read or write - if we point those things out to economists, they'll point fingers at the government - saying - well, yes - that's because the market isn't allowed to freely operate. You have the government officials who fuck things up.
So - what's the deal with the government? Where the economic principles impulse individuals to act in their own self-interest, government officials are supposed to act in a way that is best for society as a whole. What needs to be understood, though - is that politicians form part of the very same economic system - they don't stand 'outside' of it - and so, they as well are being impulsed to act in their own self-interest - in fact, they are following the rules of the game of capitalism as it currently exists - the rules that free market economists like to defend so much. So - how can you point fingers at the government for not doing their job effectively, when they are actually doing exactly what you ask of them.
What free market economists will argue is that the free market must be allowed to just reign freely - and that the government really has no business interfering. But, I mean - isn't the very purpose of the government to correct market failures? There really is no other function for government - AT ALL. The origin of government is the realization that there's people who suffer if the market has free reign.
So - the entire philosophy - which is really just a belief - is completely debunked by practical reality. You can't argue your way out of this. So - having tried the idea that if you act in your own self-interest, you manifest a world that's best for all and seeing how it just doesn't work - the common sensical thing to do is to stop an economic system that is build on this philosophy - and to, instead, develop an economy that is based on the principle of: If you act in a way that is best for all, you automatically manifest the best solution for yourself as well. Considering that the world is a closed system and that we are not separate from the environment we live in - it makes sense to support the system as a whole in the most effective way - as this will ensure that we live in the healthiest and most supportive environment on an individual level. It is the most simplest common sensical truth that if you lift up society as a whole - you lift up each one that is part of society as well.
Equal Money Capitalism is the proposed economic system that is built upon and aligned with the principle of doing what's best for all, from which flows what is best for each one individually. To read more about this economic system, consult the blog-posts on the Equal Money Capitalism page of this blog: http://economistjourneytolife.blogspot.com/p/emc.html#.URKuI_JBnTo.
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