The Case Against Capitalism Isn’t a Case at All

You hear these kinds of things all the time:

“20 percent of the population holds 80 percent of the wealth.”

Or: “The richest 1 percent now owns more of the nation’s wealth than at any time ever.”

The assumption here is that all that wealth would still be around if you evened it out.

But it wouldn’t. Wealth has to be created. And it also has to be maintained.

Governments don’t create or maintain wealth. Only private owners can or will.

When people are free to think, act and choose as they wish (aside from force or fraud), then they create much more wealth — and maintain it much more efficiently and successfully — than when they are not free to act, think or choose at all.

Under socialism you lose the ability to think and decide for yourself. A central government tells you what you may and may not do, earn, keep and even think.

Under total capitalism you have unlimited ability to create, innovate, keep, earn, invest, spend, give away or do whatever you wish to do. Once you earn any amount of money, it’s all yours. YES that’s fair. You’re the one who earned it!

To the control freaks and anxiety-ridden who yearn for socialism, this seems like chaos and anarchy. In reality, it’s the only way a society has any wealth at all.

Notice that in totally socialist (i.e. Communist) countries, there is virtually no wealth at all. Sure, everyone may be equal (aside from the rulers and politically connected who always have more). But they’re all equally poor.

At some point, all these socialist millennials and others must make up their minds: Do you want an always rising standard of living for everyone where some have more than others?

Or do you want a stagnant realm of despair where nobody has anything, but at least they’re equal?

Because that’s your choice. Wake up and grow up, all you socialist supporters out there.

 

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