Frye: “Laissez-Faire is Anti-Democratic”

The trillion dollar bailouts of just three years ago demonstrated that we now have a “too big to fail” oligarchy who fleece citizens by whatever means necessary. It has nothing to do with democracy; it is kleptocracy

Laissez-faire is as anti-democratic is as it is “anti-Christian“:

The geopolitical America, unlike the European countries, was able to add its colonies to its own body, and hence was a kind of proving ground for all the expansionist energies of its age, economic laissez-faire, political liberalism, and religious individualism included. The belief that men can be and have a right to be equal and independent is the growing point of this expansionism and the source of everything vital in it, and that belief, rather than any political modus operandi, is what is usually implied first of all by the word “democracy.” As the conception of democracy has matured, it has separated itself from its vague background of Utopian optimism. Many Americans still believe that laissez-faire is the economic aspect of democracy, but there is a growing realization that laissez-faire by itself does not lead to democracy, but to oligarchy, and thence to managerial dictatorship. Laissez-faire by itself is antidemocratic: all progress in the conditions of the working classes has been wrung from it in a kind of cold civil war — not always so cold, as it has included lynchings, sadistic beatings, systematic starvation, and an occasional massacre. (CW 11, 251)

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