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Capitalism is Freedom


               
2009 Dec 2, 2:35am   11,055 views  89 comments

by Peter P   follow (2)  

I came across this excellent article:

http://www.capmag.com/article.asp?ID=4399

The only economic system logically correlative to such political liberty was and is a free market. If men have a right to their own lives – and are not the chattel of state or church – including the right to pursue their own happiness, then it follows that they must possess the right to own the product of their intellectual and bodily effort, and to exchange their work and its products voluntarily for whatever other goods they desire. Capitalism is freedom – and this involves freedom of the marketplace fully as much as freedom of the mind.

There are a lot of different emotions going on in the world: healthcare, recession, war, climate change, etc. We must not get lost in the chaos and we must not forget that economic freedom is the only true freedom. We must resolutely reject soft moralism and take a stand. The only real propellant of human societies is, has always been, and will always be economic prosperity.

Evolution favors strength. In societies, economy is the source of strength. The only system that puts Evolution in the context of economy is Capitalism. Please support Free Market wherever it is attacked.

Beware of the following concepts:

  • Economic Justice - it leads to some form of communism
  • A better world - the world has no good or bad, it is all relative
  • Saving the planet - the planet will be here millions years after our extinction, people just want to save themselves

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1   Peter P   @   2009 Dec 2, 3:40am  

It may be cruel, merciless, and "unfair" but calling it failed is a case of bad word choice IMO.

2   Peter P   @   2009 Dec 2, 3:45am  

Information technology (not telecommunication) is one of the least regulated industries yet in the last 20 years we have been seeing a lot of

1. large, established companies being unseated
2. small, garage-type start-ups becoming giants (e.g. Google)

On the other hand, telecommunication is heavily regulated. See what LARGE corporations are still running the show!

Have faith in Nature. Things take care of themselves.

3   Peter P   @   2009 Dec 2, 3:49am  

but communism generally results in corruption and dispair and a collapse in the economy

That is a myth. Corruption ensured in communism mostly because of the big government it required to manage and regulate.

Remember, corruption is a symptom of over-regulation. Or more accurately, it is a product of:

1. under-paid government officials
2. over-powerful public employees
3. lack of public oversight

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