Moral Hazzards

Whose side are you one? Founding Fathers or Marx/Stalin/Hitler/etc?

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I’m so sick of hearing all about how evil capitalism is! How many wars has capitalism started? How many people does capitalism oppress? How about governments? Hmmm…?

Most of the problems we are facing today have less to do with capitalism and more to do with government meddling and manipulation. But the government, true to form, will always place the blame elsewhere.

Capitalism (true capitalism, not this govt-regulated-to-death capitalism) is the most just and fair system this world has ever seen. A capitalist system benefits the productive and industrious. A non-capitalist system coddles the useless and lazy. The argument against capitalism is always that self-interest is bad. Opponents of capitalism are wrong in their reasoning. A critical factor is left out of their equation: self interest, for most people, includes morals (this is why morals/religion in a free/capitalist society is critical).

Here’s something to think about:

There are those who say that we need government involvement to ensure fairness and morality. Saying that politicians will prevent corruption and increase competition is the biggest paradox I’ve ever heard. The trap is that men make mistakes. Men in government are not immune to corruption and mistakes. HA! I would even say there’s a 100% probability of politicians making worse and dire mistakes than a businessman whose livelihood depends on being fair and competitive.

Even if there is immorality and corruption in business, the beauty of true capitalism is that those businesses will fail once their deeds are exposed. If government controls industry, you can no longer choose to not participate. They cannot go “bankrupt” or “out of business.” They don’t have to be competitive or make a profit. You can’t sue them. They can’t go to jail.

Seriously, think about the consequences. The government always screws things up worse than they say they will.

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