Here’s the original video.
Here’s the original video.
$799 in 1990 (the ad looks like it from around then) is equal to $1,529.77 in 2017.
It’s no coincidence that poverty has dropped as markets have been more allowed to breathe – at least historically and globally speaking. Yet the siren song of statism still calls to people who don’t know better.
If one is for lifting people from poverty one must also be for free enterprise. It is a system that empowers people to make more of their lives and which provides a path to life beyond a peasant existence.
Crony capitalism by the way short circuits free enterprise and is really almost a form of feudalism which severely limits the way out of poverty as the state is controlled for the benefit of the “rulers.”
Not only is it good, it is often spectacularly good.
It’s not just me saying this. This is an assertion which can be measured and seen. Anyone who does not understand that capitalism has made the world a better place, has filled stomachs, cured diseases, has helped people broaden their horizons, and has just generally made things in this life more tolerable either doesn’t understand what capitalism is or has simply never looked into the matter objectively.
It really does blow my mind that so many supposedly educated people do not understand what a force for good capitalism has been.
And there is absolutely such a thing as “deserving rich.” In many cases the “deserving rich” have made this world a better place.
We have our problems with Mr. Friedman, particularly on big monetary issues. But he was brilliant as one can see here.
Since I write about capitalism and crony capitalism and government and business every day I have the opportunity to read quite a lot about these subjects from various perspectives. I read libertarians, and conservatives, and liberals, and progressives, and just about anyone else who is interesting. I read the comments here at ACC, and at sites all over the web.
One of the things I am fascinated by is the degree to which some people are seriously afraid of free enterprise,
The voluntary exchange of goods and services, the essence of capitalism, is the most moral way to organize an economy. (It’s really self organizing mostly.) You give me something I want. I give you something you want. We both walk away better for the transaction.
Whereas socialism, often couched as somehow morally superior to capitalism, is based fundamentally on theft. Be it of wages, time, property etc. It is driven by force. As such it is deeply immoral.
Yup. Extremely well said. Voluntary exchange is moral and just. Legalized theft, facilitated by government via taxation and crony capitalism (often under the guise of “justice”) is immoral and unjust. We are either free people or we are not. Capitalism, or more exactly, “free enterprise” is the economics of free people. As Professor Williams explains.
We focus a lot of our energy on those businesses which are gaming the system. Companies like Boeing, GE, Monsanto, Goldman Sachs, you get it. But there are businesses which do business the non-crony way. (Though at times it can be hard to do given the crony structure of our economy.) There are still businesses out there committed to being the best in the marketplace, providing value to consumers, and which abhor getting into bed with politicians. (All we can say is use protection if you’re going to do it.) And these businesses and business people need to fight for economic liberty,
A picture from an Indian reservation in South Dakota. American Indians have gotten the rawest deal in America as a group, and the US government has managed their affairs to a large degree since conquering them. So what does that tell you?
This is what happens when government layers regulations on top of regulations. When it makes it very difficult to start businesses. When it encourages government dependence for electoral reasons. (It does. I hate that it does, but it does.) When government rewards companies which partner with politicians with taxpayer money and favors.This is what happens when the people running the show in Washington abandon the spirit of free enterprise,