The Occupy movement has, over the period of over a month, taken over many cities’ infrastructure and resources with their crimes and unruly behavior (to put it extremely mildly). They wish for the greatest free-market system to be banned, and they want communism and failed socialist systems to rule the American system. They are crazy, many of whom have never held a legitimate job…… but you can read on the coverage of the Occupy movement in my other posts…
Three fundamental questions are asked in this video: Is being pro-business and pro-capitalism the same? Does capitalism generate an unfair distribution of income? Was capitalism responsible for the most recent financial crisis? Dr. Jeffrey Miron at Harvard answers these questions by exposing three common myths of capitalism.
Is being pro-business and pro-capitalism the same? Does capitalism generate an unfair distribution of income? Was capitalism responsible for the most recent financial crisis? Dr. Jeffrey Miron at Harvard answers these questions by exposing three common myths of capitalism.
Dr. Miron has done a great job, especially at describing the main factor of competition that defines capitalism. Many people’s misconceptions about capitalism are ties up in the financial systems that have become heavily intertwined with the government, when in fact they should look at everyday grocery chains, wholesale stores, and companies that vie for consumer business through lower pricing. If you wish to ask any questions, simply comment.
I am right now feeling a bit tired, but I wish to explain something for people who keep preaching for higher equality among people from rich to poor, black to white, all of that jazz…….
“So long as there are any differences, be them obvious or subtle, then there will be room for opposition and fuel for arguing against an opposing view.”
It is a part of humanity’s nature to strive for excellence, in moral character or in social standards. This drive is different for all people, each with different resources and backgrounds. Resulting from innate differences comes a variety of results; a poor man who came to be from economic collapse, or one who was never motivated… a rich man who worked to the top, and the rich who inherited success…… all of these people will argue for their own positions to gain success.
The Founding Fathers themselves were progressive for their time. They did not easily believe in free slaves, due to economic biases. They could not see women in an equal light; we still do not today, to an extent… However, they understood that among society differences in opinion would lead to misrepresentation. This misrepresentation can be created through migration to cities in the early 20th century, desperation for success in the Great Depression, or a lack of common sense as we now have……
The world will never be perfect, and so humanity shall never be equal. This, by the way, is why socialism and communism never work. Until we are either technologically ready or economically prepared for it, we shall maintain our innate differences.