There is a big difference between Capitalism and Free Market Enterprise.
Here what our first Republican President and American Hero Abraham Lincoln said about this issue:
'Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.'
To me that means that the workers, meaning WE THE PEOPLE, who get up everyday and go make an honest living who do all the labor. Does anyone really believe some investor or CEO on Wall Street labors? Do you believe they got there honestly? Did Bill Gates get rich honestly?
Capitalism means capital which is the property, machinery, the cars/trucks, the technology that makes the economy work. Who makes all these things? The capitalists or the those who labor? A hammer doesn't just appear out of nowhere. The machinery that helps make the hammer just doesn't appear out of nowhere. Someone had to labor to put up the factory, make and install the machinery, and and give us the end product the hammer.
Don't listen to the Chicago School of Economics Milton Friedman and others who preach the 'virtues of capitalism'. What they don't tell you is if it weren't for labor no one would get a thing and the rich would never become rich. Insanely rich just like the headline in this story mentions. The profit motive (Milton Friedman's god) is all that matters no matter the consequences and damn labor and the rest of public.
From 1st Timothy 6:10 of the Holy Bible:
"For the love of money is a root of all kinds of evil"
I still can't wrap my head around how those who claim to follow Jesus worship money.
PS. Call me a communist all you want. But making sure Capitalist are kept under control via government laws and reasonable regulations guarantees that there is a true free market enterprise system.
So you think that money is the root of all evil? . . . Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?
When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor—your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money. Is this what you consider evil?
Have you ever looked for the root of production? Take a look at an electric generator and dare tell yourself that it was created by the muscular effort of unthinking brutes. Try to grow a seed of wheat without the knowledge left to you by men who had to discover it for the first time. Try to obtain your food by means of nothing but physical motions—and you’ll learn that man’s mind is the root of all the goods produced and of all the wealth that has ever existed on earth.
But you say that money is made by the strong at the expense of the weak? What strength do you mean? It is not the strength of guns or muscles. Wealth is the product of man’s capacity to think. Then is money made by the man who invents a motor at the expense of those who did not invent it? Is money made by the intelligent at the expense of the fools? By the able at the expense of the incompetent? By the ambitious at the expense of the lazy? Money is made—before it can be looted or mooched—made by the effort of every honest man, each to the extent of his ability. An honest man is one who knows that he can’t consume more than he has produced.
Can you break this down into a sentence or two? Are you for unfettered capitalism, which is basically fascism, or for true free market enterprise that makes sure that everyone has a level playing field and prevents a few from monopolizing everything?
There is a big difference between Capitalism and Free Market Enterprise.
Here what our first Republican President and American Hero Abraham Lincoln said about this issue:
'Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.'
To me that means that the workers, meaning WE THE PEOPLE, who get up everyday and go make an honest living who do all the labor. Does anyone really believe some investor or CEO on Wall Street labors? Do you believe they got there honestly? Did Bill Gates get rich honestly?
Capitalism means capital which is the property, machinery, the cars/trucks, the technology that makes the economy work. Who makes all these things? The capitalists or the those who labor? A hammer doesn't just appear out of nowhere. The machinery that helps make the hammer just doesn't appear out of nowhere. Someone had to labor to put up the factory, make and install the machinery, and and give us the end product the hammer.
Don't listen to the Chicago School of Economics Milton Friedman and others who preach the 'virtues of capitalism'. What they don't tell you is if it weren't for labor no one would get a thing and the rich would never become rich. Insanely rich just like the headline in this story mentions. The profit motive (Milton Friedman's god) is all that matters no matter the consequences and damn labor and the rest of public.
From 1st Timothy 6:10 of the Holy Bible:
"For the love of money is a root of all kinds of evil"
I still can't wrap my head around how those who claim to follow Jesus worship money.
PS. Call me a communist all you want. But making sure Capitalist are kept under control via government laws and reasonable regulations guarantees that there is a true free market enterprise system.
On the other hand,
Can you break this down into a sentence or two? Are you for unfettered capitalism, which is basically fascism, or for true free market enterprise that makes sure that everyone has a level playing field and prevents a few from monopolizing everything?
.....