Tuesday, July 03, 2012

Freedom with a name change.

Capitalism since day one has been given a bad reputation. When the word is used people often think of words like 'greed' or 'wealth'. So when polls have been done asking people's opinion of capitalism, over half of Americans support it in the 60% range. But when the words 'free enterprise' are used as much as 80% or more of Americans support it. Capitalism is the freedom to choose. Not just freedom to do smart things, but freedom to do unwise things. Anti-capitalists often have sympathy for the individuals who put theirself in a bad situation due to their unwise decisions, and thus they dislike the freedom that those unwise people had. In doing so they are disliking Capitalism.

I'm back!

I'm back ladies and gentleman! Sorry for the delay but I just now was able to return and you all can look forward to many more good posts coming soon. Economics 101 is back!