-Caveat Lector-
MJ wrote:
>>The essential nature of capitalism is social harmony through
the pursuit of self-interest. Under capitalism, the individual's
pursuit of his own economic self-interest simultaneously
benefits the economic self-interests of all others. In allowing
each individual to act unhampered by government regulations,
capitalism causes wealth to be created in the most efficient
manner possible which ultimately raises the standard of living,
increases the economic opportunities, and makes available an
ever growing supply of products for everyone. The free-market
operates in such a way so that as one man creates more wealth
for himself, he simultaneously creates more wealth for everyone,
which means that as the rich become richer, the poor become
richer too. It must be understood that capitalism serves the
economic self-interests of all, including the non-capitalists.
Contrary to widely held beliefs, capitalism is not a system
which exploits a large portion of society for the sake of a
small minority of wealthy capitalists. Ironically, it is
actually socialism that causes the systematic exploitation
of labor. Since the socialist state holds a universal monopoly
on labor and production, no economic incentive exists for the
socialist state to provide anything more than minimum physical
subsistence for the workers except to perhaps prevent riots
or revolutions. Exploitation is inherent to the nature of
socialism because individuals cannot exist for their own sake,
rather, they exist merely as means to whatever ends the socialist
rulers -- the self-proclaimed spokesman of 'society', may have
in mind.
As I have previously pointed, America is mucked in a mixed
economy much to our detriment.<<
+++++++
I agree with MJ here. The system he is advocating does not exist. It is a
figment of Ayn Rand's imagination. Just look at the concepts he's
discussing and see what a crock he's trying to push down the the throats of
the people on this list:
"essential nature of capitalism is social harmony"
"allowing each individual to act unhampered by government regulations"
"capitalism causes wealth to be created in the most efficient manner
possible "
"free-market "
"capitalism serves the economic self-interests of all"
"capitalism is not a system which exploits a large portion of society for
the sake of a small minority of wealthy capitalists"
I believe capitalism is a commendable concept if it did not allow so many
advantages to the sons and daughters of those who have already achieved or
inherited wealth. All I would like explained to me is why the children of
wealthy people get to start so far above the rest of us? The problem with
capitalism is that it allows wealth to be passed down to the unworthy, just
as socialism does. Show me a system which truly allows everyone to start on
an even playing field, earn everything they get and get everything they
earn, and I'll be satisfied.
Linda
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