A man named Tom Nicholson posted on his Facebook account the sports car that he had just bought and how a man approached and told him that the money used to buy this car could've fed thousands of less fortunate people.
His response to this man made him famous on the internet. READ his story as stated on Facebook below:
A guy looked at my Corvette the other day and said,
"I wonder how many people could have been fed for the money that sports car cost?
I replied I'm not sure; it fed a lot of families in Bowling Green, Kentucky who built it, it fed the people who make the tires, it fed the people who made the components that went into it, it fed the people in the copper mine who mined the copper for the wires, it fed people in at Caterpillar who make the trucks that haul the copper ore. It fed the trucking people who hauled it from the plant to the dealer and fed the people working at the dealership and their families.
BUT,... I have to admit, I guess I really don’t know how many people it fed. That is the difference between capitalism and the welfare mentality. When you buy something, you put money in people’s pockets and give them dignity for their skills. When you give someone something for nothing, you rob them of their dignity and self-worth.
Capitalism is freely giving your money in exchange for something of value. Socialism is having the government take your money against your will and give it to someone else for doing nothing.
I think this is well written and well thought out If you agree please send it to your friends. If you don’t agree just delete it and have a nice day.
Capitalism is often misunderstood.
Every single man and woman is a capitalist by the very nature of existence. The body allows for the creation i.e. transformation of something in nature into a product of use to you.
At certain points, the product you created is of value to those who have an inclination to obtain it. Hence, the exchange of one good for the next.
Relationships are built on this idea. The exchange of goods an services to the well being of the community both partners establish.
Every contract/ agreement creates a community = together one based on value perception.
This precludes the institution of socialism. It doesn't mean that there is no social effect. In the course of running a community, there are things that community does for it's own sake: survival of the community or well being of the community.
There are even communistic traits. Think of the way children are being cared for, or parents in old age.
So, there is a relationship between individual freedom of exchange, and the community on the micro and lager level. The bigger the community, the more abstract the ideas. It then becomes a matter of how to establish such mechanism that no one person or group of persons can rob any participant of it's own agency and retain freedom?
There are several examples over time showing how this is done, and how loss of freedom is reversed. Unfortunately, the powers of suppression of freedom based on this simple idea are strong. these days: the mechanism to subject people to slavery is LAW and STATUTE.