Why We Need Capitalism to Help the Poor

The other day, I was talking to an acquaintance and he was explaining why socialism was much better than capitalism, because it didn't leave the poor and downtrodden to rot in the gutter. Of course, as a capitalist, in a free market participant, I know this to be utter hogwash, and I was blown away that he'd even bother to make such a silly statement. The reality is society does better when everyone is free to do what they do best, and when individuals are the strongest, the overall society is even stronger due to the synergies and economies of scale.

Capitalism does not leave people high and dry, in fact the money is in such abundance and flowing so quickly, that it spreads around, and there's more of it, and more opportunities for each and every individual. Of course if someone doesn't want to work, or participate they can sit on their rear ends and do nothing, but then they will get exactly what they deserve, I don't see a problem with that. But apparently my acquaintance did.

Nationwide Society

And he asked me; "what about the people who are mentally or physically challenged, what about them we just gonna leave them?" Oh, certainly not, and I can tell you that the mentally challenged or physically challenged in the United States of America do much better here than they would in any other country. Think about it for a second, think about this silly argument that somehow socialism is better because they care about people that capitalism isn't - that's nonsense.

And in practice, socialism doesn't do good for the average population, it makes everyone the same, and usually they're all poor. It doesn't build the type of middle-class that we have here in the United States, and there's nothing wrong with a strong work ethic, or a solid middle class. And there's certainly nothing wrong in the United States when it comes to our nonprofit sector, and all the volunteers and people who give their extra spendable money to such causes.

And to his point of Mentally or Physically Challenges, the reality is with greater economies of scale and abundance there is more low-cost left-overs for all. A farm which is run by capitalist methods is efficient because it rewards efficiency, one run by communist methods doesn't - so, the efficiency stops, along with all the left overs, thus, the communist farm one runs up against shortages.

Did you know I bought a 10-Lb. bag of potatoes this week at the grocery store - and get this; I didn't have to wait in line to do it, in fact, there were so many bags of potatoes that everyone could have bought 5, they'd still have some left. Why? Thanks to the chaos of capitalism! Indeed, hope you'll please consider all this, and if you'd like to add anything to this discussion please shoot me an e-mail. Even if you have a critique, I'm certainly ready to debate these points.

Why We Need Capitalism to Help the Poor

State Run Capitalism - Can Two Play at That Game?

Chinese state-run capitalism seems to be giving Western free-market economies a run for their money, or is it? You see, the reason China's state run capitalism is working is because they have been up until now able to command labor to work for super low-wages, but in the future that won't be possible. Meanwhile, it appears that the Obama Administration wants to try state-run capitalism by nationalizing various industries.

Unfortunately, even though the Obama Administration has nearly nationalized health care, health insurance, banking, and the auto-sector - China has their own auto sector, which is moving towards free-market capitalism thanks to Warren Buffet [20% ownership in Greely Automotive]. Does the Obama Administration really believe that it can organize and allocate labor resources to run companies? It appears to me that the Obama Administration cannot even provide the jobs it promised.

Nationwide Society

But this is typical of socialist movements, as governments think they can run businesses better than those who do for a profit. Sometimes I wonder how many times this lesson will have to be learned before leaders get it? Are we doomed to repeat, as nation after nation flirts with such theories of socialism and communism over capitalism?

The US need not give up her Super Power status so a gentleman whose never run a business in his life, or ever made a payroll can learn the lesson again, along with his like minded friends. State-run capitalism is doomed to fail. Why? Because it is inefficient, and it cannot succeed over the long-term, even if the citizens are forced into labor of the nation-state's desires.

For those who believe that the US has to stoop that low to compete with China, as to copy such a failed concept, then they obviously have no business being in business, and they certainly don't deserve my tax dollar to pretend to be in business. What's next?

Is the Obama Administration going to nationalize GE, Caterpillar, Bechtel, and Boeing, and to that end how can we trust Obama and Company now after the damage they've already done to free markets. Don't laugh, think of the corporate names that the government is now in business with?

Advice to all businesses; Don't hire anybody, don't expand your business, don't invest in capital expenditures don't take the risk, this Administration in my opinion is unpredictable. God only knows what they will come up with next, what law they might pass before the next election when they are thrown out of office on their ears. Personally, and this is my opinion, I've never trusted a single word uttered from any of those teleprompter speeches.

Personally, I cannot trust what I believe to be the liberal-socialist left. Many folks claim the Democrats are not socialists, and I'd say most Democrat voters aren't, what I don't understand is why they keep voting for socialist leaning politicians. I personally can't believe any human can be that naïve. Please consider all this.

State Run Capitalism - Can Two Play at That Game?

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