What is Capitalism? (1948)

A primer on capitalism from 1948. http://www.LibertyPen.com

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[espada9]

This would never be allowed in school today, it would be considered “offensive” and “culturally biased.”

Today you learn Socialism and “social justice” Marxism, corporatism and communism, Capitalism is BAD according to the “progressives” who run academia.

[WizardKing78]

Bloody hell, if only modern American kids were so pro-capitalist.

[ericNsarah2010]

I'm 26, an tired of trying to explain capitalism to people. Some folks refuse to see that its OK to make a profit if your supplying people with goods they want or need. If it was'nt the best deal around, you'd go elsewhere..and BAM, competitions born. Now, i'm just a high school graduate with no enormous college debt or sense of entitlement..but w/out capitalism,technology would stop. Would you invent the Iphone for a pat on the back? Like big macs?..NO ONE will make them just to see you smile

[thomasey2]

Nice to see how easy it is to form opinion... wander how the toughs about that message are today . Also how often that happen to the current analysis and perceptions.

[Wilsontheterrible]

@MrPutokontact Your examples only show how prone government and socialism is to failure. Greece is burning and the rest of PIIGS is going south in a hurry and they all had heavy government intervention in public life and economics. Hong Kong and other free market nations, on the other hand, are doing phenomenal. In true capitalism the only way to get rid of a competitor is to do a job better and cheaper than them which means that everybody wins because the best possible person is making the item

[MrPutokontact]

@Wilsontheterrible

they call themselves socialists but they have capitalist ways,its all about profit just like u said,and its also about debt,and taking others of the market and economy ...like saying,its all about competition,when they erase all competition...its plain to see...im from portugal....and we bankrupt for 2 reasons:1-the international economics(laws etc) and because of corrupt governments and CORPORATION bosses..just like almost everywhere around...

[Wilsontheterrible]

@MrPutokontact As opposed to socialistic nations in Europe that are flat broke and nobody is rich and they have to go begging to their neighbors to bail them out every couple of months? At least capitalism gives you a shot. Capitalism at it's core is impossible to corrupt because it is only motivated by profit and if people don't want you're product they won't buy from you. The corruption comes entierly from government interferance and corrupt politicians using taxpayer money for their own gains

[radix756]

@Jazzper79 They are trading my mutual *parasitism*. Capitalism is the absence of morals and trading by the synthetic means of commerce. Where we analyze how beneficial it will be ME[very narcissistic too], with complete disregard to the status of all other universal factors. If we cease that state of mind we will not benefit from the system and we are not participating in the system.

[Jazzper79]

@radix756 Actually capitalism is the only system that makes it a win/win situation. Competition makes prices fall and goods and service are better. People are trading by mutual consent.

[MrPutokontact]

You get away With lies And corruption when youre in economics!!!long side with Capitalism,wich allows some to get richer and richer and giving the sense of competition to the market...its only a word,cause on real life,only some get rich with this system !!!

[TheCluelessMan]

@espada9 I agree, the Cultural Marxism in our "progressive society" is so sickening that it´s taking an groase ideological twist before fact and reality is even thought of. Sadly they are no brainchildren in the economic sector, only in the cultural one. Because in economics you deal with reality, in the cultural sector you can always get away with lies and childish idealism.

[s0beit]

@tocardx Yeah i laughed at that a bit as well lol