A Moral Case for Capitalism | PragerU
What is the only economic system that values freedom, lifts people out of poverty, disdains distinctions of race and creed, and draws us into productive…
FF to 4:15 for the moral part
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A Moral Case For Capitalism
- Thread starter 918v
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FF to 4:15 for the moral part
This is an excellent video and I wish it would be viewed as broadly as whatever viral clip is currently trending. Bonus: watching it requires substantially less time than reading Atlas Shrugged.
Folks that are all waxing lyrical and singing the praises of Capitalism should first understand that the USA IS NOT and for a long time HAS NOT been a "capitalist" country, rather we have been an Oligarchy where the Richest of the Rich and the biggest corporations, privatize all the profits and socialize all the losses and the middle class subsidizes the rich.
Unbridled and unrestrained "capitalism" is almost as bad as communism, because in the end they become very similar in outcomes for the country.
Just remember that when someone starts up the hymnbook to praise whatever their favourite ism is.
The Elites have brainwashed the good folks to think that it's great for the rich to steal everything and oppress everyone and rule because well they deserve it for being better at being rich...
Unbridled and unrestrained "capitalism" is almost as bad as communism, because in the end they become very similar in outcomes for the country.
Just remember that when someone starts up the hymnbook to praise whatever their favourite ism is.
The Elites have brainwashed the good folks to think that it's great for the rich to steal everything and oppress everyone and rule because well they deserve it for being better at being rich...
I read "Atlas Shrugged" in one of the early edition hardbacks. 1,069 pages, I remember, to this day. It took a while to read.
The moral case for capitalism is that you are responsibile for yourself. It is the natural thing to gather resources and survive. Even smarter to conserve those, which is a kingpin of cultures from northern climates that have shorter growing seasons. You have to learn to have self control and save the bounty of harvest to get you through the lean winter months.
Communism steals from you. The person next to you gets the fruits of your labor and not because he earned them but because he drew a breath.
The moral case for capitalism is that you are responsibile for yourself. It is the natural thing to gather resources and survive. Even smarter to conserve those, which is a kingpin of cultures from northern climates that have shorter growing seasons. You have to learn to have self control and save the bounty of harvest to get you through the lean winter months.
Communism steals from you. The person next to you gets the fruits of your labor and not because he earned them but because he drew a breath.
Cackles doesn’t have the attention span to read a Dr. Seuss book, let alone to understand what she read.
Capitalism is corrupt, inhumane, and deeply unfair. It also happens to be the least worse economic system that humans have managed to come up with so far.
Anyone arguing for something else like communism, or socialism (communism in disguise) just wants to seize power no matter what the costs.
Anyone arguing for something else like communism, or socialism (communism in disguise) just wants to seize power no matter what the costs.
Ultra-capitalism gave us the Robber Barons. Another oligarchy. Can't let the pendulum swing too far....
It's why no serious civilization ever developed in equatorial regions, except the Inca, which is high altitude. When you live in Eden, you don't have to plan for jack shit, so the cycle of theft repeats for millennia.
Life is corrupt, inhumane, and deeply unfair.
It won't be.
If they don't notice "prageru.com" in the link and refuse to click at all most people will disengage as soon as they see the PragerU splash page in the video. By many, only sources like OAN and INFOWARS are considered to less credible and more biased than PragerU.
That's like asking people to actually think for themselves. People keep voting for one side or the other and think they're winning.
Maybe, but you can become the rich elite at anytime. All it requires is lots of risk and luck.
Actually no.
They sell you that that's the offer.
They don't tell you the other side of the contract.
Nobody becomes the Rich Elite at any time without selling their soul fully.
There is a lot less "luck" involved than you think as to who gets to be in the showy flashy look at me rich club.
What you’re talking about isn’t capitalism, but these arguments are almost always terrible because of such differing meanings. Capitalism is just an exchange of goods between consenting parties. It’s economics, nothing more. What you’re talking about is more like “crony” capitalism instead of “free market” capitalism. And any intervention by the state is always crony capitalism. Economics perverted by the state always leads to worse outcomes for the less fortunate
And if anyone wants some resources geared more towards a purer capitalism that Praeger see here:
mises.org
All of your answers are there
Mises Institute
With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of
All of your answers are there
How does that expression go? Capitalism is a horrible system, except when compared to every other system devised by man.
Also, I’m a huge Ayn Rand fan, but this is a better place to start if you want to start to build some intellectual foundations to defend/fight for Capitalism:
Click pic for link
Also, I’m a huge Ayn Rand fan, but this is a better place to start if you want to start to build some intellectual foundations to defend/fight for Capitalism:
Click pic for link
It almost always works the other way.
Those who manage to get big money the first / fastest or who have a big set of wealth at their disposal usually work on corrupting the state and the government as their first priority to help themselves get richer and set up barriers to anyone else trying.
The state does not pervert economics as much as economics enables the "capitalists" to pervert the state pretty quickly.
The same can be said about communism. People in charge live the good life. Everyone else suffers. When the state eventually collapses the people in charge remain in charge as “business owners” and with a decade become billionaires.
Capitalism works better than anything else because it remains functional even when some of the participants are dishonest self serving bastards. Everything else fails horribly because it guarantees that pretty quickly one of those bastards will use the power of the state to murder as many folks as it takes to get into power and stay there.
Yes exactly because in the end both almost reach around to touch the same idea.
Much like Facists and Communists tend in the end to be very similar in outcomes for the average person.
harsh,but essentially correct,humans being like they are. the issue is that capitalism is the ONLY economic system that supports individual liberty and freedom. that is all that really matters. every system has winners and losers. trying to balance those out justly is a problem that often leads to socialism,fascism and communism. developing a randian type system with control of abuse,corruption and exploitation,esp in the presence of "democracy". has yet to be developed anywhere at any time. i got no clue how.
Then the problem is the state itself and the blood-soaked monsters who run it, not an economic system.
This same economic system is also the one that is keeping people alive as we speak in North Korea. And it was the same system that kept people alive in the Soviet Union and Mao’s China at the height of their depravity
A lot of context is lost in the typed word vs. spoken word, but are you saying Communism isn’t so bad because people are still alive in China and N. Korea?
Yes, almost all of the problems arise from the people who run any system, but Communism…especially of the Maoist variety is almost pure evil in and of itself. It completely subverts the concept of the individual and “a higher power” than that of The State.
Regardless, I kind of get what you’re saying, but yeah… Capitalism is still the best way we humans have come up with so far, to provide equal opportunity to individuals. And IMHO, all forms of Communism and Socialism are evil. Period.
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The system is now carefully engineered to avoid that occurring without a nod from the elites, which is generally only given once they have secured blackmail control over you. It is a literal deal with the devil. The “American dream” is now a fallacy perpetrated be the priest class to maintain hope, and therefore control.
The problem is not capitalism, its the lack of free market capitalism. Through regulation, government puts its finger on the scales of winners and losers.
As soon as government regulates an industry, the small business is immediately disadvantaged to the larger one that have the resources to deal with compliance. Consider trucking as an example. As government regulations on truckers become more and more onerous, the result is the elimination of smaller companies or owner/operators who don't have the resources to comply, and larger mega companies buying up struggling mid-size ones that can't compete under the rules because they don't have a 30 attorney legal department and lobbyists in Washington. And you end up with 2-3 giant companies owning everything. That is not capitalism.
Dis-economies of scale should make it extremely difficult to dominate an industry as a mega-corporation. But those dis-economies are blown out of the water by the advantages of being huge when dealing with regulatory garbage.
Deregulation goes a long way to increasing competition, which is good for everyone.
As soon as government regulates an industry, the small business is immediately disadvantaged to the larger one that have the resources to deal with compliance. Consider trucking as an example. As government regulations on truckers become more and more onerous, the result is the elimination of smaller companies or owner/operators who don't have the resources to comply, and larger mega companies buying up struggling mid-size ones that can't compete under the rules because they don't have a 30 attorney legal department and lobbyists in Washington. And you end up with 2-3 giant companies owning everything. That is not capitalism.
Dis-economies of scale should make it extremely difficult to dominate an industry as a mega-corporation. But those dis-economies are blown out of the water by the advantages of being huge when dealing with regulatory garbage.
Deregulation goes a long way to increasing competition, which is good for everyone.
lol, indeed something was lost in translation. Reading that back to myself it does sound confusing. My reference to “this same economic system” is to any form of black market(read: free market) that enables people to get what goods they need to survive. There are some really good books about North Korea that explain a little about how the black markets and smugglers work.
It’s two faced envy. I can’t afford a plane so you can’t have one either. But I’ll mask it under some “for the children bs.”
@earthquake
Excellent post. I work in a niche part of construction that deals with a luxury item. So, before someone decides that the money spent on the item could have been spent helping people, remember, I just got a paycheck, as did a bunch of other people.
And that is why I don't grieve over some guy my age driving a tricked out corvette. His money, his toy, and food on the table for a countless number of people.
Instead of worrying about giving money to people who need it, get them a skill and a job. And take away wage controls. A lot of people cannot get hired because of "minimum wage." Many small companies cannot afford it and do without. If you, as a worker, could agree to a lower wage and get your foot in the door, very soon, you will be making more than minimum wage as you become more valuable to the company that you work for.
Excellent post. I work in a niche part of construction that deals with a luxury item. So, before someone decides that the money spent on the item could have been spent helping people, remember, I just got a paycheck, as did a bunch of other people.
And that is why I don't grieve over some guy my age driving a tricked out corvette. His money, his toy, and food on the table for a countless number of people.
Instead of worrying about giving money to people who need it, get them a skill and a job. And take away wage controls. A lot of people cannot get hired because of "minimum wage." Many small companies cannot afford it and do without. If you, as a worker, could agree to a lower wage and get your foot in the door, very soon, you will be making more than minimum wage as you become more valuable to the company that you work for.
Doesn't need any morality help.
Has produced the highest living standards/freedom known to man to date.
Only the meddling by fucking crooks has tarnished a once great system.
Always men that lack skill/integrity/marketable worth weasel into a system they can't compete in and tip the scales
through graft and regulation.
This also explains why these types hate competent/capable men, they remind them of all the things they aren't.
R
Has produced the highest living standards/freedom known to man to date.
Only the meddling by fucking crooks has tarnished a once great system.
Always men that lack skill/integrity/marketable worth weasel into a system they can't compete in and tip the scales
through graft and regulation.
This also explains why these types hate competent/capable men, they remind them of all the things they aren't.
R
