“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”
- Adam Smith (1723-1790) Scottish moral philosopher and a pioneering
political economist.
- Adam Smith (1723-1790) Scottish moral philosopher and a pioneering
political economist.
Self interest, what some may call “greed”; wrongly, is a good thing.
Put simply, capitalism, is as natural to humans as breathing. In the first moments of the dawn of mankind capitalism was present. Everyone who has ever lived, has participated in free market economics. This includes, the communist, marxist, socialist and every other follower of a political philosophy that has existed. The self-interest of an individual is the foundation of ’economy’. This self-interest is a force on both sides of the market. Someone has a need for a good or service, and someone else has the good or service to provide. It really is as simple as that.
When someone performs labor, they have transferred a part of themselves into that which they have done. The task has become intertwined with their very soul. Same with someone who creates a product, that endeavour also is a part of them. This, I believe is the inherent reason that wherever and whenever socialism or communism is experimented with, it always fails. It is because the economic system of socialism punishes the producer and rewards the mooch. It steals the very soul of man. When a person lays their hand to the plow, they do it to better their socio-economic status, not for their health. They do it for their family. This is why the recent remarks made by President Obama about small business owner’s hit such a sour note. “If you have a business, you didn’t build that, someone else made that happen.” The election that we happen upon will be a decision solely won or lost on who we think will do a better job of pulling the American economy out of the ditch. Capitalism vs. socialism. The difference’s, couldn’t be further apart. Our politicians are attempting to mix the two, and have. However, I suggest they are not compatible with one another. One steals from one party, and distributes the stolen money to those without the morality to know that they should refuse to take the money. One, lets the party who earned the money to keep the fruits of their labor, and spend it accordingly to their will. They do not mix as philosophies.CONTINUE READING
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