Friday, March 5, 2010

The Daily Note - Capitalism Denied

Think about it; we are deluged with the idea that the rich, the corporations, the wall street greedy and the those that "have" are at fault for all that ails America. In other words, Capitalism is the culprit. You might as well say those who wish to run a business because after all, that is capitalism: the desire to make better for ourselves. This country would not have prospered if that truly meant "greedy".

Yet I hear it daily from people oft just repeating what they hear and taking it on as their mantra. The very same people often who have worked and made well in this country. It is the new slogan, and it makes me mad for one reason. When I ask what would work instead, most do not have an answer. Correct that, most don't have a clue. These people are not dumb, they just don't think.... for themselves. If it was for bad intentions, I would not be as angry, but for the reason that it's because they think media to be more intelligent.

The campaign happened over time and took many years, but it's effect is no less dangerous. The venom with which many now talk about company leaders makes one cringe. Many educators have driven the anti-capitalist agenda for years. What is even more surprising is when I hear it from business owners who do not recognize that they are capitalists themselves until it's defined for them, which is this:

cap·i·tal·ism   [kap-i-tl-iz-uhm] Show IPA
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

The real clue in the above and the one thing that should make people pause who hate capitalism for being "greedy" and having the "power" to rule is: "as contrasted to state-owned means of wealth."

Wealth will always rule. If you recognize that fact, the rest ought to be a little bit easier. The question becomes then whether you wish to have wealth centralized or dispersed.

Capitalism allows for the dispersion of wealth because it is owned by the many who started and own the businesses, most of whom have vastly different agendas. Contrast that with centralized wealth, one that is with one government, with one agenda.

If you define greedy as being the ones with the ability to rule via wealth, then you better look to your government. The one that has been collecting your taxes for decades and spending it according to their terms and then wanting more, often without consideration or service. A government that wishes to look benevolent by the promise of wealth dispensation is the greediest because that is total control. And as you hear your fellow citizens cry out "we want our fair share" think of them as people who have been denied knowing how to capitalize on their own talents and therefore denied their own wealth.

Happy Trading, Living and Dancing

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