Thursday, February 26, 2009

Capitalism still works. It works everyday

In the column, “Economic Miracle,” Walt Williams eloquently illustrates how Capitalism works in our daily lives in very simple way through a grocery store. With Obama trying to force Keynesian economics morphed with full-blown Socialism, so many are saying Capitalism is outdated and is the problem. Obama, actually, said, “Capitalism is cruel and chaotic.” Then, he continued that the government needed to intervene to improve the system and stop this injustice. This is absolutely wrong in so many ways.

Williams explains very well that not one person or government, not even the Almighty Obama or Ingenious Geithner, can control the millions of variables in an economy the size of America. The reason the U.S.S.R. and so many other Socialist economies collapse is that the central planning government can not control every outcome in their economy and eventually can not meet the needs of all the people. Therefore, they could not generate enough capital, resources, goods, and wealth for it to sustain their people. This is why Communist China instituted key Capitalist principles to generate enough wealth, resources, and goods to try to sustain their people. That is why the U.S.S.R had waiting lines for toilet paper and bread and still did not have enough, although they had more than enough land and timber to make both.

The issue that Liberals, Progressives, Socialists, and the like have with Capitalism is that, first, they do not, cannot, and shall not have control of everything or anything in the economy. The People do. The people that are active in the economy do the controlling, not the government. Second, the system makes people work, succeed, fail, and there is a definite result based upon the people’s actions. It works. It works without government. The people make it work. It works with freedom and liberty. All of this is the antithesis of what Liberals and Progressives believe.

Now, who would want to institute an economic system that does promote freedom, liberty, wealth, success, and definite results? Liberals and Progressives. Who wants to be a part of this type of system? Obviously, not Americans. That is why they are marching in the streets.

Capitalism is organized and just, not chaotic and unjust. In the column, Williams quotes Adam Smith, as follows:

Adam Smith, the father of economics, captured the essence of this wonderful human cooperation when he said, "He (the businessman) generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. ... He intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain." Adam Smith continues, "He is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. ... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." And later he adds, "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest."

The debate will always be how much intervening the government shall or can meddle into a capitalist economy; however, the People will always want a free Capitalistic system as a base, not an oppressive Socialistic one. The People will always choose freedom over oppression. The problem today is the People do not understand enough about economics to understand how bad Socialism is and how great Capitalism is, especially when times are hard like now. The People don’t understand the oppression of Socialism and the freedoms of Capitalism. Our educational system has failed our country, our principles, and our forefathers. That is for another discussion for another day.

We must spread the word of the greatness of country and our freedom, liberties, and wealth to anyone who will listen. We need to educate them how and why our great economy works and why Socialism is so wrong. We need to take a lesson from Walt Williams and break economics down to something as simple as a can of tuna.


  1. Obama and all of his brilliant Marxist friends, as intelligent as they may be, cannot outperform the collective wisdom of the market.

  2. the question is how are u going to educate the 305 million people of america???? will they all listen? are all of them are too compalacent??? too bad its too late now the $787b already been approved and been spread all over....too bad for the people who voted for him now definitely they are completely wrong and i doubt if they do realize that...

  3. First of all, excellent article. I am extremely saddened at Obama and his posse's attack on Capitalism. It is our most wonderful national treasure. I get a little sick when I think about all the people out there who wouldn't listen when we tried to tell them that Obama was a socialist/communist and that he did not love capitalism, but despised it. You all remember how many examples were availabe for the masses, but they could not hear it over the chant of O-Ba-Ma and Yes We Can!

    My own mother has told me that she would be happy if our country became a socialist nation. She is head over heals in love with the Obamas and they can do NO wrong. Can you imagine my shock and utter disappointment? My mother is well educated and could be an active member of Colonial Dames and the Daughters of the American Revolution if she so desired.

    I am a great optimist who feels that it isn't over yet. I love my country, the constitution and capitalism.

    I went to hear Michael Medved speak about his new book in December in Houston. He said that the third Great Awakening is coming by all indicators. We are in great need of something to wake the masses.