The Death of Capitalism in a Presidential Election Year

Posted by John Park on Oct 18th, 2008
2008
Oct 18

Abraham Lincoln Pro Capitalism

 
In this year of 700 Billion Dollar bailouts, 85 Billion Dollar loans to companies that like to spend 500K on company retreats, and possible write-offs of loan amounts speculative homeowners willingly signed for because of greed and envy: I can’t help but fall back on my true to the core capitalistic principles.  The fact that our politicians are now taking the lead from financial market decisions made in Europe might have something to do with it as well.
 
Both Barrack Obama and John McCain have abandoned CAPITALISM for an election.  In a Capitalistic Society, some will fail and some will succeed based on decisions made by individuals and because of market conditions (Timing).  Government should implement policies to grow these principles and afterwards, GET OUT OF THE WAY.  Government should not serve as a deterrent to failure.  Without failure, success cannot exist.
 
Now, you know how I REALLY feel.  Would you expect a Biz Crusader to have any belief other than the above?
 
As an example…I would like to offer you a few quotes from another Biz Crusader.
 
 
“Property is the fruit of labor…property is desirable…is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built.”
 
“The prudent, penniless beginner in the world labors for wages a while, saves a surplus with which to buy tools or land, for himself, then labors on his own account another while, and at length hires another new beginner to help him. . . .  Many independent men, in this assembly, doubtless a few years ago were hired laborers. . . .”
 
 
ABRAHAM LINCOLN
 
 

2 Responses

  1. Ted Nickle Says:

    Great post. I could not agree more. By the way, didn’t AIG party it up in your neck of the woods? I’ve added you to my blogroll.

  2. Katherine James Says:

    Interesting to watch capitalism deteriorate under this particular regime, isn’t it?

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