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"
Friday, July 22, 2005
Capitalists vs. The Elites,
Elites despise free trade. To them corporations and governments are the only important factors in free trade. Capitalists see ordinary individuals as the most important factor in any economy. For example, when you buy a car in America that is made in Japan you are exercising your freedom. Free trade is just that:people being free to make their own economic transactions with whomever they choose. If you say no to free trade, then you say no to ordinary individuals who want the freedom to deal with their fellow man. But to the elites only corporations benefit from free trade. To them corporation means greedy rich people; elites look down on normal citizens. What the elites forget is that normal citizens decide what businesses succeed and what businesses fail.
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Capitalism isn't the reason a coke bottle costs $3 today. Capitalism is the reason a coke bottle cost only 5 cents in the old days. G...
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Capitalism isn't just about making money. It's also about competition. When lots of people are trying to sell the same thing, the...