Learning about capitalism, in an engaging fun way; explained by a fun engaging young man trying to educate folks in a way they would like to learn. And enjoying every minute of being a part of the "new media"
Thursday, August 25, 2005
It doesn't get any better than this,
In America we have a demand economy that is rooted in free market Capitalism. There are so many examples to illustrate this that I could spend all day typing them. But one lesson all folks need to know is just how miraculous free market economies are. Since the free market is full of competitors, they are always looking for a cheaper and quicker way to provide their good or service. When this happens everybody benefits.....and they often benefit pretty darn quick. The very minute one competitor lowers its price one of its competitors will follow suit. And so on and so on throughout that industry's market. Prices drop quickly and often whenever the free market is allowed to do its thing apart from government control.
Wednesday, August 24, 2005
Standard of living,
We hear a lot about "the standard of living" and how it is so blessed in America, but we often don't stop to think about why that is. In a word: Capitalism. The goal of all people who willingly live in a Capitalist society is to advance the standard of living. You can't do that and continue to do things the same way time after time. Changing may mean having some jobs replaced by robots and other machines; change can also mean having some jobs in America replaced by workers in foreign countries. But if such things make products cheaper for consumers, then everyone benefits. A rising tide lifts all boats.
Monday, August 22, 2005
O ye of little faith,
Some people who champion Capitalism and its Truths waiver in their faith. Usually such people are politicians who give lip service to Capitalism but fail to support it when the heat gets turned up. They won't dare say anything that can cost them support; they won't make a pro-Capitalist statement if they fear it may cost them votes. Especially when it comes to helping the less fortunate; politicians of every stripe doubt the power of the human spirit. Capitalism supports the human spirit, it beleives in it; every time a seemingly hopeless situation emerges in the world it is the power of a free mind that provides an answer. There is no need for government dollars to support any cause that is better provided by an individuals' own strength.(with the exception of national defense, the individual is almost always a better creator than the government) Fredrick Douglas said it best:
" Do nothing with us! If the apples will not remain on the tree of their own strength, if they are worm-eaten at the core, if they are early ripe and disposed to fall, let them fall!"
If you don't have faith in yourself to be productive without government assistance, then you probably won't be much better off with it; o ye of little faith.

Fredrick Douglas
" Do nothing with us! If the apples will not remain on the tree of their own strength, if they are worm-eaten at the core, if they are early ripe and disposed to fall, let them fall!"
If you don't have faith in yourself to be productive without government assistance, then you probably won't be much better off with it; o ye of little faith.

Fredrick Douglas
Squashing freedom,
Is it possible to be a Capitalist and oppose freedom? The obvious answer is no, but even among conservative politicians in America there is a misunderstanding of what freedom really means; at least as far as economic matters go. You can't build any building for a business today without making it "handicapped accessible" along with countless other government regulations. That of course takes away the freedom of the business owner, but what most people don't realize is that the "handicapped" lose their freedom also because of the "handicapped accessible" regulations. By agreeing to such practices, the handicapped in America will be viewed as helpless as far as the government is concerned. So you can use your own imagination to discover that the government's next move is to get more control over the handicapped individuals' lives; as far as the government is concerned the handicapped couldn't function otherwise. It's what one famous author called "The Road to Serfdom".
Saturday, August 20, 2005
Monopolies and government,
Whenever you hear the anti-Capitalists speak of monopolies and the problems they cause they are often speaking of private industry. But the only oppressive monopolies that have existed in the history of Capitalist countries are government monopolies. You can't compete against the government for one reason; it's illegal to do so. State lotteries are a good example; in my home state of Tennessee I can play the Tennessee Lottery but I can't start my own numbers racket lottery (in Tennessee) because I would be breaking the law. Isn't it interesting that big government liberals in America oppose monopolies, while the government is the most oppressive monopoly in America?
Wednesday, August 17, 2005
The wonder of supply and demand,
While discussing the Fair Tax plan with my local talk show host Phil Valentine , he told me that he is not so sure that once we get rid of the IRS and its heavy taxation that prices will naturally drop once we tack on the extra 23% sales tax that the Fair Tax calls for. I would suggest to Phil that the law of supply and demand works every time it's tried. Supply and demand is what keeps the market in check even when greedy business owners try to shaft the consumers. Once one business drops its prices to gain a competitive advantage, other businesses follow suit in order to compete. I guess you could say such behavior is what Adam Smith called the "invisible hand" of Capitalism.
Saturday, August 13, 2005
True value,
Capitalism recognizes true value, not what is perceived as value. Some people may have to work at Mcdonald's until they get a better job; in such a situation working at Mcdonald's can be a Godsend. People who grow up in poverty learn to appreciate things like shoes on their feet, and a clunker of a car to drive. In that light experiencing poverty can be a blessing to a person as they age and earn more wealth. George Jones and Tammy Wynette said it best in a song titled Golden Ring:
"Golden ring with one tiny little stone.
Waiting there for someone to take it home.
By itself it's just a cold metallic thing.
Only love can make a golden wedding ring."
"Golden ring with one tiny little stone.
Waiting there for someone to take it home.
By itself it's just a cold metallic thing.
Only love can make a golden wedding ring."
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