Economic principles

The Economic principles of Societism during the late 1800's were based on the Manchester School, or the laissez-faire doctrine. These were political, economic and social movements that originated from the Corn Laws and the Anti-Corn Law League in Manchester, England. The League campaigned against the Corn Laws to reduce food prices and increase the competitiveness of manufactured goods abroad. Afterward, the league challenged protectionist practices throughout the United Kingdom with the objective of establishing a fully free-trade economy.

Today, the economic principles of Societism follow the Austrian School of economic thought advocating laissez faire economic principles of limited government and Austrian Business Cycle Theory.  Societists view entrepreneurship as the driving force in economic development, see private property as essential to the efficient use of resources, and see government interference in market processes as counterproductive.  Like the Austrian School Societism discourages monopolies and other individuals and groups that because of their greed cause unnecessary costs to the greater society. 

While every group has certain economic interests identical with those of all groups, every group also has interests antagonistic to all other groups.  While certain public policies benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case.  And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking in the subject becomes next to impossible. 

We must reclaim common sense economic solutions so profoundly missing yet so vitally needed today.

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