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"
Wednesday, October 05, 2005
Rights (and wrongs),
Today we have a lot of people who don't produce anything, while they demand the right to have what others produce. Such people don't recognize private property rights. Not a favorite term these days. Everyone benefits from private property rights even those who don't own property. American farmers supply grocery stores with fresh food at affordable prices because they can make money from their property. As a result the poor aren't lowered to dumpster diving to find affordable food. In the Soviet Union there was a lot of fertile land for food to grow, yet people starved. That's called Communism.
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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...