Saturday, December 31, 2005

A market for respect,

Capitalism has many benefits. One of those many benefits is respect. Any nation that is a Capitalist nation has respect for private property rights; in turn its citizens respect each other. A good example is a restaurant owner who bans smoking from his restaurant; when he posts a sign that says "No Smoking", smokers respond by going to where they may smoke. So the smoker has freedom to choose to smoke elsewhere and the restaurant owner has the freedom to not allow smoking in his business. It is easy to see why Capitalism is the most moral of all economic systems.

Tuesday, December 27, 2005

The life source,

What is it exactly that keeps Capitalism alive? Money? People? Institutions? The answer is
none of the above. The thing that fuels Capitalism is ideas. Before Thomas Edison gave us the
light bulb, it was an idea in his mind. In the midst of the Great Depression, people with ideas thrived (Henry Ford). The unfortunate reality is that Socialist thinking minds (with no ideas) want the benefits created by the ideas of Capitalists. This is true despite the contempt that Socialists hold for Capitalists.

Wednesday, December 21, 2005

Truth is always with us,

People who keep track of the news a lot often don't realize that Capitalism's Truths never leave the news cycle. It's easy to spot whenever the topic has to do with economic matters, but is less obvious when it comes to issues like crime and the war in Iraq. When it comes to the issue of crime, Capitalism explains a lot: when you increase the cost of crime (this is done by punishing criminals) people commit less of it. When you lessen the cost of crime (this is done by lessening criminal punishment) people commit more of it. Keep that in mind during news coverage of the war on terror; do you want terrorists to commit more or fewer acts of terror? If you want fewer you now know how to make that happen.

Wednesday, December 14, 2005

Along comes Nathan,

"We do not hear the term "compassionate" applied to business executives or entrepreneurs, certainly not when they are engaged in their normal work. Yet in terms of results in the measurable form of jobs created, lives enriched, communities built, living standards raised, and poverty healed, a handful of capitalists has done infinitely more for mankind than all the self-serving politicians, academics, social workers, and religionists who march under the banner of "compassion". "- Nathaniel Branden

Nathaniel Branden

Saturday, December 10, 2005

Understanding it all,

During war time we realize that America fights for freedom. It is doubtful that all Americans understand just what makes America glued to the idea of freedom. In a word, Capitalism. If dictatorships ruled the world, only people who believe in Capitalist ideas could save the world. No Capitalism=No Freedom
Know Capitalism= Know Freedom

Tuesday, December 06, 2005

Paying the cost,

As much as the anti-Capitalists frustrate me, I don't entirely blame them for their reasoning. Big government programs have been with us for so long that people can't help but to not understand Capitalism. With programs such as Social Security and Medicare, why should anyone save for their own retirement when taxpayers will pay the bill? Why should children prepare to take care of their elderly parents when the government will do it for them? Years of big government has many people thinking that the government should provide for the people and elected politicians are glad to see that.

"Vote for me, and get more welfare!"

Sunday, December 04, 2005

Windfall profits,

While reading George Will's latest column, I learned a good definition of "windfall profit". George Will defined it this way :

windfall profit= a profit earned by someone else.

George Will

Friday, December 02, 2005

A great way to put it,

Economist Thomas Sowell uses a great sports analogy to explain Capitalism in his recent column:

"We are so much more rational about sports than we are about politics. No one considers it "unfair" that Tiger Woods does so much better than the average golfer, or resents him for it, or accuses him of "gouging" when he collects big bucks. "

Simple wisdom; something not popular or common these days.

Thomas Sowell