Indeed, I am truly amazed at how many people trash on capitalism. Interestingly enough, I cannot believe that labor unions believe that capitalism is bad, when it is capitalism that provides them their bread-and-butter and their higher pay. If companies were not making money and doing well in the marketplace using capitalistic principles there wouldn’t be any high-paying jobs, most of the labor unions in the private sector would not even exist today.
Not long ago I was talking to an international acquaintance in Canada and she mentioned that labor unions were needed, and capitalism was filled with so much greed, that the little guy never had a chance. That the front-line worker would never get a fair shake if there were not labor unions. And of course, like most socialists she tried to rewrite history and went all the way back to the industrial revolution and said without unions and regulations we would still have children doing slave labor. That’s complete nonsense.
I thought that was interesting because it is only in capitalist nations that they have child labor laws in the first place. And in all the other nations there is lots of child labor going on, but there’s no one to protect those kids. Generally speaking it is true that only capitalist nations have child labor laws. Or, I should say only nations that participate in free-market capitalism. Communist countries often put children to work, so do dictatorships, and those types of government forms certainly don’t exercise free-markets capitalism within their countries.
Oh, but they will certainly put the children to work to sell goods and services to other nations, and take the money for themselves, and their cronies. It is a false argument to say that capitalism is no good, and must be controlled with regulation, lawsuits, and labor unions to prevent children being exploited working 17 hours a day in factories barefooted. However, that happens every day in China, which is a communist country. It was also very typical in former Soviet Union. It happens all the time in the communist countries of Southeast Asia, in North Korea, in Cuba, and many other places.
What amazes me is that socialists will do whatever they can to trash on capitalism, and they will say whatever they might to get us to put more regulations on our businesses, and allow more lawsuits, and justify unions using false history, false facts, and false arguments. Then, after they create a social divide between business owners and workers, rich and poor, and create enough regulations to stifle the economic output of the business community – then they tell us to look and they say; “see, capitalism doesn’t work,” – but of course, it can’t work properly when you bury it in that much debris.
As I look out and see what’s happening today, it looks intentional, the socialists want to destroy our free markets, don’t listen to them. Socialism is not progressive, it is regressive, and it doesn’t work. If you study your history properly you will see that. If you think you have the intellect to have a conversation with me about capitalism, then go ahead and e-mail me but you better be on your best day and have an IQ of 180+ because there is not an argument on this planet that can prove that socialism is better than capitalism.