It’s hard to imagine how we would get through life without necessities like bacon and duct tape. But have you ever thought about how the free market gives you so much for so little?
Here’s a video that should be mandatory viewing in Washington. Too bad politicians didn’t watch it before imposing government-run healthcare.
And since we’re contemplating the big-picture issue of whether markets are better than statism, here’s some very sobering polling data from EurActiv.
A recent survey has found deep pessimism among European Commission staff on a wide range of issues, including the course of European integration over the past decade and the likelihood of success of the EU’s strategy for economic growth. Some 63% partially or totally agreed that “the European model has entered into a lasting crisis”.
This is remarkable. Even the statist über-bureaucrats of the European Commission realize the house of cards of big government is collapsing, yet politicians in Washington still want to make America more like Europe.
[…] And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy. […]
[…] And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy. […]
[…] Interestingly, the academic researchers confirmed the insights provided in this video. […]
[…] Last but not least, I don’t think this final image is close to being laugh-out-loud funny, but I nonetheless liked it a lot because it points out that leftists in the capitalist world are usually very happy to enjoy the benefits of free markets. […]
[…] Curiosamente, los investigadores académicos confirmaron las ideas proporcionadas en este video . […]
[…] Interestingly, the academic researchers confirmed the insights provided in this video. […]
[…] with huge value, by the way. Ask yourself the question in this video. How much money would you need to give up the Internet for the rest of your […]
[…] with huge value, by the way. Ask yourself the question in this video. How much money would you need to give up the Internet for the rest of your […]
[…] with huge value, by the way. Ask yourself the question in this video. How much money would you need to give up the Internet for the rest of your […]
[…] And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy. […]
[…] And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy. […]
[…] And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy. […]
[…] Here’s another video from TFAS that uses an unusual tactic to get people to think about the value of capitalism and free […]
[…] Here’s another video from TFAS that uses an unusual tactic to get people to think about the value of capitalism and free markets. […]
[…] Here’s another video from TFAS that uses an unusual tactic to get people to think about the value of capitalism and free markets. […]
Today is far from the GD. Any comparison would not be legit.
I hate to say it but Socialism really is the Heartless Greed that buffons such as Bernie Sanders rant about in Congressional sessions.
Think about it. When a socialist sees someone in need, s/he almost always reflexively blames someone who is better off (also works for groups).
That is absolutely necessary to build sympathy for the unlucky fellow while building justification to confiscate the earnings/assets of the well-off person.
Capitalism does not really have a reflexive ‘blame-button’ > in some cases people will point out how the misfortune is the fault of the unlucky person (considered heartless in many circles) while other productive individuals might look @ the matter from a perspective that works towards a solution (without necessarily blaming anyone).
Case in point > Unemployment > many government figures will point out how heartlessly greedy corporations hoard cash during a period of time w/ 9+% unemployment while people in the real world will point out the flaws in policy that lead to 9+% unemployment and steps to take to resolve that issue.
I think it was Henry Kaufmann who pointed out that policy needs to be instituted that lead to the conditions in which enough individuals establish their own businesses; preferably businesses that grow rapidly so that eventually you will have some that turn into billion-dollar enterprises….history clearly suggests that works far better than governmental stimulus.
Your post is an excellent overview of the benefits inherent with large scale capitalism. In the 1980’s, I worked for a nationwide electronic retailer. Every six months, a new model of an existing device would be introduced. The next generation of product was always more advanced and less expensive than the preceding unit as the costs involved with initial production were recovered and the profits were invested in the development of the new units. This is how the capitalistic model of economy is supposed to work.
However, what we have in this country is a blend of socialism mixed with the private ownership of the tools of production and the ability to make a profit for the originators of a product. The government seeks to take a portion of these profits in order to redistribute them to those who did not have anything to do with any aspect of the product in question. The obvious attempt is to distribute from those who ‘have’, to those who ‘have not’. This ‘spreading the wealth around’ is the hallmark of socialism, which plays on the human nature of envy. Instead of a person directly taking the profits of another persons venture by theft or subterfuge, the government does this for them by acting as the intermediary in the process. The entrepreneur seeks the equal opportunity to profit from their business and distribute the revenue generated to their employees. The government seeks to create equal outcome by taking profits and redistributing them to everyone. This ‘mix’ is not and will not work.
As long as the policy makers in Washington continue to extract more of the profits from a dwindling number of private employers, our economy will never live up to the true potential that capitalism has always provided. Unbridled capitalism will cure the ills of this economy and lift our potential working public from the government dependency roles. Our Congress and President must stop squeezing the productive part of our society in order fund a government structure that produces nothing. Maybe a capitalistic version of the old socialist maxim could be: “To each according to their ability to produce, from those according to their ability to pay.”