Capitalism is not a magical system. It is a system under what men can earn
profit from their actions. It is nothing more or nothing less. It is the
logical way. Capital is not something like butter you put on bread.
Capital is earned. In a natural free market some portion of the population
receive far more then others but that is because of talent as it should be.
One of the big mistake classical liberals and libertarians make when
debating statists/socialists is trying to show that it’s a good thing. It is
how it is and it cannot be changed. Capital uneven distribution is normal.
Freedom and liberty itself do not create vast material inequality but people
themselves do. Any person can make a good living if him/her puts her mind to it
and is willing to put in the extra effort. Liberty is one of the tools to help
men prosper. If you decide to use it its your choise. Today’s well to do men
live better then kings of yesterday. Under a truly free economic system
capital difference could actually be smaller since there would not be any
incentives created by the state to not have people working. In today’s world
many owe their fortunes to the state as well. It could be by government
contracts or just ''friendly'' legislation. 20 and 21 century are unique since
we have unemployment and a lack of work force. This situation has never before
happened during history. ’’Liberalism and capitalism address themselves
to the cool, well-balanced mind. They proceed by strict logic, eliminating any
appeal to the emotions. Socialism, on the contrary, works on the emotions,
tries to violate logical considerations by rousing a sense of personal interest
and to stifle the voice of reason by awakening primitive instincts.’’ - Ludwig
von Mises
Urmas
On 11/17/2005 00:30, Deus Ex Machina wrote:
>
>
> Terry L Parker [EMAIL PROTECTED] wrote:
>
> >
>
> > In its most generic sense, capitalism tracks the flow though
>
> > an enterprise of identifiable values, almost always measured
>
> > in money, and especially for the benefit of owners and/or
lenders.
>
> thats rather limited view in itself. in fair value exchange both sides
>
> come out ahead. so not just especially the value of owners, but customers
and
>
> staff as well. the sum of the value created for customers is equal to
>
> the cash the shareholders (less expenses) end up with.
>
> the beauty of this balance is that owners can get ahead very fast by
>
> creating a lot of value for others.
>
> it is in fact a general principal that free and fair systems produce
>
> vastly unequal distribution of outcome. and that really urks the
>
> liberals/socialists. they focus on the outcome and apply hatred to the
>
> causes regardless of the fact the causes are freedom and fairness.
>
> it is very important to understand that freedom and liberty do create
>
> vast material inequality and that is the way it should be.
>
> Vic
>
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