Capitalism, free-market capitalism specifically, has done more than any other thing/idea/system to solve problems for all of us, raise our standard of living, and pull billions out of poverty.
Critics of capitalism are hypocrites unless they do not have a phone, live in a hut, raise sheep to make their own clothes and grow their own food.
In a free market when an opportunity to provide a product or service is present, “capitalists” rush in to win over the consumers in hopes of making a profit. They compete with each other to do it better/faster and cheaper and we all win. Not all capitalists win. Many lose. The ones that make a lot of profit are the ones who serve you very well with what you want when you want it, where you want it and how you want it.
Once a winning capitalist makes money they spend it on other things and invest it to create more entities that solve more problems and create more jobs. They also pay a lot of taxes. Profit is a good thing. When a capitalist loses money for too long all the employees lose their jobs, suppliers get stuck not getting paid, and buildings go empty.
If we can keep from destroying free-market capitalism with policies rooted in envy and ignorance, we shall continue to do better and better as the years go by.
And I am too. Wish more people were vocal about it….
Capitalism is a wonderful economic system. I think that the best way we can help other nations is to export capitalism as a driver of more economies.
Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
Yet again, I agree wholeheartedly!
“Liberty and free markets are the way forward if we truly desire peace and prosperity.” ― Ron Paul
An instructor in an economics class I took decades ago called it, “A system of VOLUNTARY transactions.” It is perfect! You want it? Go buy it? Doesn’t exist? Build it and sell it. The market decides what’s a good value, price versus features. “VOTE with your DOLLAR!” You decide how to spend the fruits of your labor.
We need to protect our freedom.
I agree with all of that. however with out socialism, us capitalist would surely fail. if we define socialism as pooling resources for the community benefit… schools, roads, water and sewer systems, airports, and many others that enable us capitalists to succeed.
AMEN! Mike drop……