Tuesday, April 24, 2012

Maybe We Ought to Stop Using the Term “Capitalism”


Through the ages we have used the strengths of capitalism to help create, broaden and strengthen our society. We have appreciated its advantages without directly attributing those advantages to the actual capitalistic principles.

Capitalism, after all, is nothing more than the use of free market principles, which  all of us use in our private lives to a great extent. Many who call themselves socialists use free market ideas in their everyday actions though they would be the last to realize they do.

It’s when we gave a name to the capitalistic system that we have had a problem. Yet the strengths of capitalism have helped create, broaden and strengthen society.
 while we have developed theories about its disadvantages. Thus, the ideas that “socialism” is superior or perhaps anarchy is best.

However, repeated attempts to initiate experimental socialistic-style government have failed; meanwhile capitalism has become a vulgar expression for many of its alleged enemies.

Furthermore, the ills we attribute to capitalism are never the fault of tampering done by government planners who use cronyism and bureaucratic “regulation” and other heavy-handedness. Much of which have nothing to do with capitalism, but lots to do with socialistic experimentation. (See the Earl J. Weinreb NewsHole® comments.)












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