The Myth of Socialism Vs. The Reality of Crony Capitalism

Every red-blooded American knows that Capitalism is the only economic system that works, yet there are posters appearing in downtown Covington promoting Socialism. The poster in question appeared over the weekend, at the corner of Columbia and Kirkland streets, near the Junior League of Covington building. Are you angry? Don't be. Why would anyone reject a free market capitalist system in favor of socialism? In the academic world, the United States is referred to as a Mixed Economy, meaning that it exhibits traits of both Capitalism and Socialism. As difficult as it may be to grasp for some, the United States already exhibits socialist tendencies. This is seen in social programs as well as the so-called corporate welfare, both ends of the economic spectrum. Some would argue that the situation actually perpetuates the issues of poverty and economic disparity. David Gordon explains in The American Economy is Not a Free-Market Economy ( “Those of us who favor the free market must confront a problem. The virtues of the market, and the vices of socialism and interventionism, have been made incontestably clear by Mises, Rothbard, Hazlitt, and others... What we have today is not the free market but 'crony capitalism', an altogether different matter. Government and businesses are in a predatory partnership that extracts wealth to its own benefit.” As many readers are aware, Covington Weekly closely followed the tale of the Parish's Economic Development Foundation, which was recently dissolved. The St. Tammany Parish Development District, a subdivision of the state, recently posted a notice to fill the position of Executive Director/CEO. The link on their website then takes the applicant to GNO, INC: “St. Tammany Parish Development District CEO The St. Tammany Parish Development District, an independent public entity, seeks an Executive Director/Chief Executive Officer to lead its efforts to grow business, industry and jobs in St. Tammany Parish. To Apply: Email a letter of interest and your resume to: Please be aware that the St. Tammany Parish Development District is a public entity subject to the Louisiana Public Records Law. Courts have held that “applicants” for positions such as this are subject, upon request, to disclosure. To obtain additional information regarding the position (without becoming an 'applicant'), please email with a request to speak with someone regarding the position.” What is the relationship between GNO, Inc. and the STPDD such that applications for STPDD Executive Director are being mailed to E. Poitevent at GNO, Inc.? Bill Davis, President of the STPDD Board of Commissioners, responded to the question: “Dear Mr. Gates, Thank you for your inquiry. The St. Tammany Parish Development District is a political subdivision of the State of Louisiana and is not part of St. Tammany Parish Government. GNO, Inc. is collecting applications and responding to inquiries on behalf of STPDD, but it is not conducting the interview process. The interview process will be conducted by the STPDD Board of Commissioners. Sincerely, Bill Davis” While this response appears to give the STPDD an “out,” it does not address the actual question. When a larger regional economic development agency influences a smaller regional economic development agency by means of vetting candidates for a particular position, then the representation claimed for the public is irrelevant to the plutocrats making decisions behind closed doors. Timothy Achan Gates, CW Correspondent Questions? Comments? Email: