This post proves that Dick Cheney is definitely an example of the best in this form of capitalism. i.e. The Ultimate Laissez Faire Capitalist.
First, What Is Laissez Faire Capitalism?
Having no restrictions/regulations means you can do anything (2nd Amendment clearly uses the word "regulated militia", so regulation isn't unConstitutional). If you have no restrictions as per Lassaire Faire capitalism then you have a robber baron type society. Why? Because greed is very common (some even say it's a part of human nature!)
"Greeb" The word for people/corporations who have everything and still want more.
IN DETAIL: Laissez-Faire Capitalism is the idea that there should be no rules that in any way hinders private enterprise.
Colbert Report On Ayn Rand: Her philosophy is of rational self interest and she states that the purpose of life is in pursuing your own happiness with NO regard for others...
Here is the definition of Laissez-Faire Capitalism: Laissez-faire capitalism is an economic system. Capitalism involves the ownership of property by individuals. The individual's goal is to use this property, or capital (buildings, machines, and other equipment used to produce goods and services), to create income. Individuals and companies compete with one another to earn money. This competition between companies determines the amount of goods produced and the prices company owners may demand for these goods. The French term laissez-faire literally means "to let people do as they wish." Thus, supporters of laissez-faire capitalism do not want the government to interfere in business matters, or if governments do involve themselves in business matters, to keep government influence to a minimum.
One result of no rules in private enterprise is that a person with money and thus the ability to buy influence (i.e. allot of money equals greater power, political and social) can destroy any chance of a competitor entering the marketplace.
In fact, without rules and law, people tend to be greedy and selfish. Something which is normally well-known. With no law there is no control over anyone with power using it unfairly against someone who is socially and politically weaker. Generally, this is seen as immoral by all religions and philosophies as being ruthless means there is no 'charity' and others must be manipulated to gain even more wealth and control (a never ending process). That is why religious sources tend to be against the 'might is right' belief embedded in Laissez-Faire Capitalism.
The following is a religious explanation(from Christianity) which is naturally against the type of behavior which takes from fellow human beings to the detriment of society;
Darwin's ideas played a critically important role in the development and growth, not only of Nazism and communism, but also of the ruthless form of capitalism as best illustrated by the robber barons. While it is difficult to conclude confidently that ruthless capitalism would not have blossomed as it did if Darwin had not developed his evolution theory, it is clear that if Carnegie, Rockefeller, and others had continued to embrace the unadulterated JudeoChristian worldview of their youth and had not become Darwinists, capitalism would not have become as ruthless as it did in the late 1800s and early 1900s. Morris and Morris (p. 84) have suggested that other motivations (including greed, ambition, even a type of a missionary zeal) stimulated the fierce, unprincipled robber baron business practices long before Darwin. Darwinism, however, gave capitalism an apparent scientific rationale that allowed it to be taken to the extremes that were so evident in the early parts of last century.
The basic argument against Laissez-Faire Capitalism (as opposed to a mixed economy with laws to help keep the market fair - see definition above) is that without rules, ruthlessness and "might is right" reigns supreme. Allowing the rich and powerful to take advantage of the weak.
In the feudal system, allot of power (through control of land and resources) was given to a few people by a king. These people would then do everything they could to take whatever they could at the cost of society and every other human that could be conned (that is generally in a different clan or family, though this didn't hold in all cases).
Such economic behavior (and an effect of Laissez-Faire Capitalism) was and is referred to as "Robber Barons";
What Does Robber Barons Mean? A disparaging term dating back to the 12th century which refers to: 1. Unscrupulous feudal lords who amassed personal fortunes by using illegal and immoral business practices, such as illegally charging tolls to passing merchant ships. 2. Modern-day businesspeople who allegedly engage in unethical business tactics and questionable stock market transactions to build large personal fortunes.
Regulating immoral business practices is an old function of modern democracies and modern economies. This is another reason why in the modern world government is mixed with private enterprise. To provide rules and a framework for a fairer society with more opportunity for all its citizens not just a few who happen to be on top and thus have the wealth and influence to get more and more while giving back less and less to the community that these individuals are from.
"The World According To Dick Cheney" - Interview with R.J Cutler...
Notice that at 30 seconds Dick Cheney makes a distraction between "Honor" & 'getting the job done' to describe his actions after 9/11.
So Dick Cheney admits what he did wasn't honorable, lets see how dishonorable he got shall we?...
Dick Cheney's record on Iraq shows that he pursued war with utter disregard for anyone but his own benefit...
Halliburton got $7B in no-bid Iraq contracts
During Vice President Dick Cheney's tenure as its chief executive, the Halliburton Corporation altered its accounting policies so it could report as revenue more than $100 million in disputed costs on big construction projects, public filings by the company show. Halliburton did not disclose the change to investors for over a year.
Vice President Dick Cheney’s stock options in Halliburton rose from $241,498 in 2004 to over $8 million in 2005, an increase of more than 3,000 percent, as Halliburton continues to rake in billions of dollars from no-bid/no-audit government contracts.
Cheney literally said Iraq would be a quagmire before invading it...
A long overdue investigative report (overdue by several years!), stated plainly that the authorities seem to have intentionally misled us into a war....
WASHINGTON, Sept. 26, 2003: Cheney's Halliburton Ties Remain
(CBS/AP) A report by the Congressional Research Service undermines Vice President Dick Cheney's denial of a continuing relationship with Halliburton Co., the energy company he once led, Sen. Frank Lautenberg said Thursday.
The report says a public official's unexercised stock options and deferred salary fall within the definition of "retained ties" to his former company.
Cheney said Sunday on NBC that since becoming vice president, "I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years."
Iraq's invasion was for oil:
From The Gaurdian: Greenspan admits Iraq was about oil, as deaths put at 1.2m
Greenspan's damning comments about the war come as a survey of Iraqis, which was released last week, claims that up to 1.2 million people may have died because of the conflict in Iraq - lending weight to a 2006 survey in the Lancet that reported similarly high levels.
More than one million deaths were already being suggested by anti-war campaigners, but such high counts have consistently been rejected by US and UK officials. The estimates, extrapolated from a sample of 1,461 adults around the country, were collected by a British polling agency, ORB, which asked a random selection of Iraqis how many people living in their household had died as a result of the violence rather than from natural causes.
Previous estimates gave a range between 390,000 and 940,000, the most prominent of which - collected by the Johns Hopkins Bloomberg School of Public Health and reported in the Lancet in October 2006 - suggested 654,965 deaths
Dick Cheney's Record On 9/11 (In Visual Form)...
Dick Cheney doesn't recall Richard Clarke warning the White House of an imminent terrorist attack months before 9/11...
Thomas Kean talks about the process of getting over two million documents in spite of bipartisan resistance to the 9/11 commission...
Accountability in the U.K. - David Cameron Kills it (A side by side comparison of what an investigation looks like in the UK as compared to the US - when there is an investigation, which is rare)
More examples of accountability in the USA...
More about accountability in the US under Bush (example of Rice)...
Moment Of Zen...
Just some of the things that were going on that we didn't find out till after Dick Cheney left office (i.e. torture and assassination squads)
Cheney's Secret Assassination Squad
It's hard to believe Dick Cheney had the time to command a secret lawless assassination squad with all the secret lawless torture. (02:10)
Constantly disobeying the law (or creating your own laws), using war to gain money, lying for war... utterly indifferent to everyone but himself and his desire for whatever he wants i.e. Cheney will do whatever it takes to make himself happy makes Dick a truly accomplished Laissez Faire Capitalist. The ultimate result of a society with no oversight/regulating by "We the people"... only corporate stooges.
This post of examples of Dick Cheney's Capitalism of COMPLETE utter self-interest with NO regard for anyone else ... ONLY HIS OWN HAPPINESS... makes him a contender for #1 Laissez Faire Capitalist of The 21st Century! (Related:
Colbert Report On Ayn Rand: Her philosophy is of rational self interest and she states that the purpose of life is in pursuing your own happiness with NO regard for others.)
Dick Cheney is definitely an example of the best in this form of capitalism. i.e. He IS The Ultimate Laissez Faire Capitalist.