In Reply to: About Capitalism posted by lechuga verde on December 03, 1996 at 14:23:40:
I'd like to remind you that capitalism is the only
economic system which allows for true economic freeedom --
one of the most important virtues which, thank God, is
recognized by a great deal of people across the world.Capitalism certainly does NOT exploit -- it extends freedom,
much unlike socialism, or especially Communism, in which the
government exploits everybody. Capitalism is the natural extention
of Democracy; freedom does not only mean social freedoms but freedom of
the economic variety as well. If capitalism was not the right
path, then why is it that the countries of the world
today which have high levels of economic freedom (e.g. USA, UK, Japan)
also the countries with the strongest economies and the highest
per-capita income?In addition, why is it that people who embrace left-wing
economics always the ones to advocate violence (e.g. the current
terrorist situation is Peru)? I've never heard of a free-market
group going around terrorising innocent people. I suppose that
is due to the fact that Communism and Marxism is dying around the
world and the left-wing fanatics can't find any way to advance their
agenda, so they find it nessacary to resort to violence.
I'm glad I live in the United States, the only superpower left in
the world, and (not coincidently) owner of one of the most free economies
in all the world. We in the U.S. enjoy some of the highest levels of freedom
in the world, and we have our long-standing tradition of democracy and
capitalism to thank for our success.Three cheers for Capitalism, Adam Smith, and the Entrepreneurial spirit!