Capitalism | The Lonely Conservative

Praising Capitalism

Posted by Lonely Conservative On November - 14 - 2008 3 COMMENTS

I’m so happy I wasn’t the only one who noticed the way the Dow shot up after George Bush’s speech praising capitalism. Larry Kudlow noticed, too.

Here’s one of several great passages from Bush: “At its most basic level, capitalism offers people the freedom to choose where they work and what they do … the dignity that comes with profiting from their talent and hard work. … The free-market system also provides the incentives that lead to prosperity - the incentive to work, to innovate, to save and invest wisely, and to create jobs for others.”

In other words, free-market capitalism is the best path to prosperity.

Where has this George Bush been hiding? Maybe the Republicans should have had him out giving speeches like this one before the election. Heck, it couldn’t have hurt. It may even have helped to stabilize the markets. Read the rest of this entry »

Economy, Election 2008, Politics

Good Morning America’s Socialist Agenda

Posted by Lonely Conservative On October - 8 - 2008 4 COMMENTS

Good Morning America revealed fully their socialist agenda this morning. They’ve always leaned that way but are usually a bit more subtle. Wednesday morning the subtlety came to a screeching halt.

When I first turned on the TV Diane Sawyer was interviewing a man who is near or at retirement age. He said he’s embarrassed that much of his retirement savings has been lost due to the drop in the stock market. Read the rest of this entry »

Politics, Socialism

Making the case for capitalism

Posted by Lonely Conservative On August - 11 - 2008 1 COMMENT

Democrats and some Republicans lead us to believe that capitalism is bad, that it leaves some people behind while a few get rich, keeping everything to themselves. That sort of thinking is wrong and should be rejected.

In The Spoiled Children of Capitalism Jonah Goldberg makes the point that capitalism has spoiled us, and now many are rejecting capitalism because it has been so successful in improving conditions for humankind.

Capitalism is the greatest system ever created for alleviating general human misery, and yet it breeds ingratitude.

People ask, “Why is there poverty in the world?” It’s a silly question. Poverty is the default human condition. It is the factory preset of this mortal coil. As individuals and as a species, we are born naked and penniless, bereft of skills or possessions. Likewise, in his civilizational infancy man was poor, in every sense. He lived in ignorance, filth, hunger and pain, and he died very young, either by violence or disease. The interesting question isn’t “Why is there poverty?” It’s “Why is there wealth?” Or: “Why is there prosperity here but not there?”

Try to imagine life without capitalism. There would be no economy. There would be no tax base. There would be no “windfall profits” for politicians to try to tax. You wouldn’t be reading this right now without capitalism because who would have invented the computer without the incentive of profit? Profit is good, it isn’t bad. Capitalism has been a blessing, and we need to remember that.

Economy