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Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Tuesday, December 1, 2009

Entrepreneurs Go on Strike

http://www.americanthinker.com/2009/11/entrepreneurs_go_on_strike.html

The point is that politicians are equally ill-equipped to run the auto industry or the health industry or the lending industry or the insurance industry -- and their determination to do so is sucking all the dynamism from the entrepreneurial class in this country.

Taking risks and investing blood, sweat, and tears into a business that will -- should it become successful -- fall under the strict supervision of Washingtonians is simply a non-starter.

For many decades, the American dream has been undergirded by the faith that regardless of its current state, the economy would come back around thanks to the greatness of ordinary people being free to do extraordinary things. Thus the bold gunslinger mentality many business owners have had in previous recessions, refusing to participate, and even expanding cheaply to grab market share in the next recovery.

But it's different now, and there is no denying it. The dream itself is being killed by legal and regulatory micromanagement. Washington is determined to employ policies to cure something that can be cured only by government getting the hell out of the way.

Howard Dean Declares Debate Between Capitalism and Socialism to Be Over

http://www.breitbart.tv/howard-dean-declares-debate-between-capitalism-and-socialism-to-be-over/

Wednesday, November 25, 2009

The Real Story of Thanksgiving: A Celebration of Private Property and the Free Market

http://www.freerepublic.com/focus/f-news/1742553/posts

Here is the part [of Thanksgiving] that has been omitted: The original contract the Pilgrims had entered into with their merchant-sponsors in London called for everything they produced to go into a common store, and each member of the community was entitled to one common share.
"All of the land they cleared and the houses they built belong to the community as well. They were going to distribute it equally. All of the land they cleared and the houses they built belonged to the community as well. Nobody owned anything. They just had a share in it. It was a commune, folks. It was the forerunner to the communes we saw in the '60s and '70s out in California – and it was complete with organic vegetables, by the way.

Bradford, who had become the new governor of the colony, recognized that this form of collectivism was as costly and destructive to the Pilgrims as that first harsh winter, which had taken so many lives.

He decided to take bold action. Bradford assigned a plot of land to each family to work and manage, thus turning loose the power of the marketplace.

"That's right. Long before Karl Marx was even born, the Pilgrims had discovered and experimented with what could only be described as socialism. And what happened?
It didn't work! Surprise, surprise, huh?

What Bradford and his community found was that the most creative and industrious people had no incentive to work any harder than anyone else, unless they could utilize the power of personal motivation!

But while most of the rest of the world has been experimenting with socialism for well over a hundred years – trying to refine it, perfect it, and re-invent it – the Pilgrims decided early on to scrap it permanently.

What Bradford wrote about this social experiment should be in every schoolchild's history lesson. If it were, we might prevent much needless suffering in the future.

"'The experience that we had in this common course and condition, tried sundry years...that by taking away property, and bringing community into a common wealth, would make them happy and flourishing – as if they were wiser than God,' Bradford wrote. 'For this community [so far as it was] was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For young men that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men's wives and children without any recompense...that was thought injustice.'

Why should you work for other people when you can't work for yourself? What's the point?
"Do you hear what he was saying, ladies and gentlemen? The Pilgrims found that people could not be expected to do their best work without incentive. So what did Bradford's community try next? They unharnessed the power of good old free enterprise by invoking the undergirding capitalistic principle of private property.

Every family was assigned its own plot of land to work and permitted to market its own crops and products. And what was the result?

'This had very good success,' wrote Bradford, 'for it made all hands industrious, so as much more corn was planted than otherwise would have been.'

Bradford doesn't sound like much of a... liberal Democrat, "does he? Is it possible that supply-side economics could have existed before the 1980s? Yes.

"Read the story of Joseph and Pharaoh in Genesis 41. Following Joseph's suggestion (Gen 41:34), Pharaoh reduced the tax on Egyptians to 20% during the 'seven years of plenty' and the 'Earth brought forth in heaps.' (Gen. 41:47)

In no time, the Pilgrims found they had more food than they could eat themselves.... So they set up trading posts and exchanged goods with the Indians. The profits allowed them to pay off their debts to the merchants in London.

And the success and prosperity of the Plymouth settlement attracted more Europeans and began what came to be known as the 'Great Puritan Migration.'"

Monday, April 20, 2009

US to put conditions on Tarp repayment

http://www.ft.com/cms/s/0/f3bc75b2-2d1a-11de-8710-00144feabdc0.html

"The official, meanwhile, said banks that had plenty of capital and had demonstrated an ability to raise fresh capital from the market should in principle be able to repay government funds. But the judgment would be made in the context of the wider economic interest."

hmm, having the government decide what is best for the economy, sounds like central planning to me...

Thursday, April 9, 2009

Just 53% in US Say Capitalism Better Than Socialism

http://www.rasmussenreports.com/public_content/politics/general_politics/just_53_say_capitalism_better_than_socialism

This is what happens when you don't teach kids civics in schools. We have already had the socialism/free market debate 200 years ago when this country was founded. There is no discussion to be had: socialism is a failed economic system. Why do you think our country has made more impvorements to our way of life in the last 200 years than all of the 5000 years of recorded history? We must have been doing something right. And now because no one is taught the principles on which this country was founded, we are throwing it all away.