Op-ed by Jessica Marie Baumgartner | Photo: Alamy
During Biden’s SOTU address in Washington, D.C., last night, he specifically spoke about controlling the free market.
He said, “I signed over 300 bipartisan pieces of legislation since becoming President.” Biden noted that the American government must “find consensus on important things in this Congress.”
His plan “to restore the soul of this nation” is highly focused on rebuilding. His Build Back Better Framework details: promoting taxpayer-funded government-run childcare and preschool, combating climate change, and further expanding government-controlled health care, housing, and college.
Instead of supporting free markets that succeed and fail based on the needs and will of the people, Biden stated, “I ran for President to fundamentally change things. To make sure our economy works for everyone. So we can all feel that pride in what we do. To build an economy from the bottom up through the middle out.”
He blamed the pandemic for inflation instead of the pandemic response — which locked down various businesses and disallowed millions of Americans from working and providing for their families, according to NPR.
He also spoke about giving the poor “a ladder up,” a concept embedded in the American free market based on everyone’s ability to go to school and pursue the career of their choice.
Efforts to control markets have proven to not only take power away from the people but destroy other nations in the past. Per the Foundation for Economic Education, Mussolini’s Italy entered a period of corporatism driven by “planned economic harmony.” The government focused on controlling markets and “directing the economy,” eventually leading to widespread suffering and an uprising.
Instead of focusing on allowing the nation to thrive within the foundation of a free market, Biden is choosing this controlled route and promised that “We have more to do.”
