Simply put, Capitalism is a form of economics, where the flow of capital is determined by the open market. Because capital is allowed to flow where it produces the greatest profit, it is the most efficient economic system. Is it a perfect system? NO, but it is the best.
Look around in the world. Where Capitalism flourishes, people prosper. While, the extent of prosperity depends on the availability of natural resources as well, it is the degree of economic freedom (the ability of individuals or groups to invest their capital unfettered) that is the biggest determinant of their success. The most glaring example was the state of agriculture in the Soviet Union. In spite of having the best agricultural land in the world, the Soviet Union could not produce enough wheat to feed its population.
Socialists (and different versions of them) profess other priorities, such as equality or public welfare and put all manners of restrictions in the way of the free flow of capital. Hence, Socialism is less efficient. Socialists can stay in power only through the lies dished out by the Media and pushed by the education establishment.
Saturday, June 23, 2012
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