Tuesday, January 17, 2006

Capitalism Critics

When socialists and welfare state apologists critique capitalism they continually make the same mistake; namely they presume anything said or done by a busisnessman is an example of capitalism. For example slavery is blamed on capaitalism (because the wretched act of selling humans mercantile) yet it clearly conflicts with a capitalist credo of individual rights, and is in affect a consequence of tribal or statist thinking and because Hitler was friendly with the looting morally corrupt business leaders of Germany leftists affilliate fascism with capitalism when nothing could be further from the truth.

Not all businessmen are capitalists...

There are two types of businessmen. The first group seeks profit by production. They seek freedom to produce wealth by their own means. Their produced wealth comes at zero cost and risk to the public and when they are successful the public are the biggest benefactors-- see better medicine, the ability to travel cheaply....

The second group seeks profit through bureaucratic favor-- grants subsidy, favorable legislation-- mandated contracts, trade restriction-- protection from competition. This group of businessmen are not capitalists instead they are statist socialists with political connections-- see Air Canada and Bombardier.

Capitalism is not of that "which capitalists do" rather it a system of individual rights and limited government. Thus business men may be socialists.


At 8:23 AM, Anonymous Anonymous said...

I think you could add Maurice Strong to that latter category too.

At 12:09 AM, Anonymous Jeff Cosford said...

That was very well said. An obvious distinction that never seems to get said.


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