Capitalism

From iGeek
Noun environmental pollution 3216299.svg
America and freedom are founded on Capitalism; the idea that you can own property (the means of production).
America and freedom are founded on Capitalism; the idea that you can own property (the means of production). Ultimately, if someone can steal from you, then you are a slave. If you can't start a business, or run it how you want? Then you're not a freeman, you're a serf to the state. Marxism is serfdom. The left wants everyone to be beholden to Uncle Government and Party.
ℹ️ Info          
~ Aristotle Sabouni
Created: 2022-07-27 

Capitalism is the only free-market economic system. It is based on the liberty, private ownership, and the idea that people should be able to keep as much of what they produce as possible. It's also based on "Capital" (money) and that you should be able to invest, produce, and voluntary exchange: the prices are set by the two sides (producers and consumers) and not bureaucrats or politicians (the law of supply and demand).

It was the most productive and free system ever created, and it raised billions out of poverty: though since it allows unequal results for unequal abilities or unequal effort, it allows for incomes to vary wildly based on the contributions made to humanity (as seen by consumers). The misinformed bigots (Marxists) think that it exists only through exploitation of the working class, or that it prioritizes profit over social good, natural resources and the environment. Or that it promotes inequality (kinda), corruption (false), or economical instability (also false). While in truth, Socialism does all of those, more than Capitalism: the political class is always empowered with more rights and money, and centralizing power always empowers corruption (you can't bribe someone that has no power), and Socialist systems underperform and usually collapse back to free'er markets, where they take off and become more stable. Innovation through competition, encouraging wealth to all productivity and decentralization of power, creates strong economic growth and yields productivity and prosperity that greatly benefit society.

Examples[edit | edit source]

  • American Exceptionalism - American Exceptionalism is about the first modern Democracy, the first Constitution and Bill of Rights, recognizing that Humans have rights and grant governments temporary power and not the other way around, the least imperialistic, the most charitable, we fought wars to free others, creating more of the world's innovations, first to go to the moon, and so on. That's not jingoism, that's history.
  • Anti-Americans - We can debate what it means to be an American. But generally, it means holding American values, and working in the interests of the country, it's laws, ideals, and people (nationalism). If you're a globalist, Marxist, or if your goals works against America, American Values, the Constitution, or rule of law, then that's anti-American.
  • Evil Corporations - A lot of people conflate their dislike of something, with it being bad. Instead of thinking of what life would be like without it. (For others). So many corporations are demonized for what they do, without people thinking about what it would be like if they didn't exist.
  • Financial crisis of 2007-2008 - The left's view of the financial crisis misses on everything from how over-regulated we were, to the causes of the criss, to what happened during it, or why we pulled out. They can't tell you how removing Glass-Steagall or derivatives caused the crash, or why it never happened anywhere else that didn't have Glass Steagall. But if the facts don't fit your narrative, just lie louder, and attack any sources that question you.
  • Is the left Anti-American? - Is the left Anti-American? Yes. Does that mean they're less American? As citizens? No. As patriots? Yes. The left doesn't really love America as it is, or its history, even the term (and reality of) American Exceptionalism drives them batty. They love America for the potential to turn it into something they could be proud of: the Progressive USSA.
  • The Jungle - While it was debunked at the time, pro-Government types used this book as an excuse to create the precursor to the FDA, which has become a boondoggle that's killed or hurt more people than it has ever helped. But it's a lot easier to convince the gullible than it ever is to de-program them.
  • Keynesian failures - It would be great if Keynesianism worked. But history shows it has failed every time it has been tried. Examples: the new deal, the new new deal, post WWII boom (cutting military should have caused depression), 1970's Stagflation broke the models, Japan's lost decades (Abenomics), every Communist economy that failed, every one that opened up and grew (N. Korea, Russia, China, Vietnam). All went the opposite of Keynes predictions.
  • The Great Depression - The Great Depression wasn't all that great. The left thinks the Great Depression was caused by capitalism/Wall Street and Hoover fiddled while Rome burned. The facts show the Democrats had magnified the depression for political gain, and FDR and the New Deal made things worse. It was the war that saved us, not FDR


GeekPirate.small.png



🔗 More

Economics
The study of choice, scarcity, Social reactions to policies, and unseen consequences.

Terms
We need to agree on what terms mean. This used to be easy, before SJW's/Marxists started Orwelling our language.


🔗 Links

Tags: Economics  Terms

Cookies help us deliver our services. By using our services, you agree to our use of cookies.