Friday, October 7, 2011

Occupy Wallstreet?

This story is one more example of why our country is in such a mess.  Capitalism is not the problem.  Government interference in the free market is the problem.  The free market is one of the main reasons our country achieved any level of economic greatness.  Capitalism and free enterprise are indispensable components to a free society.  Indeed, the freedom to trade in an unregulated market is a major reason standards of living rise among humans.  Certainly fraud and theft, which are not free transactions at all, have no place in a capitalist society and should be punished when properly proven.  

However, simply protesting against “Wall Street” or capitalism generally reveals a poor understanding of the very concepts which advance humanity and raise standards of living for humans.  To be sure, take a look at countries where markets have been strictly controlled by governments and witness substandard living standards.  Instead of promoting more government interference in markets, Americans should be vigorously clamoring for the government to get out of the way and allow the free market to regulate the flow of goods and services for a change.  Other than a selected few government ordained elite, we would all be better off. 

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