Wednesday, December 25, 2013

What is a Capitalist?

American Thinker ^ | 12/08/2013 | Jonathan Moseley 

Are you for or against capitalism? Doesn't that depend on how you define it? If any reader of this publication believed capitalism were an evil, greedy, law-breaking corruption of society, similar to abuses in Pope Francis's native Argentina, he would be against it.
Conservative do not tolerate crony capitalism (that is, government intervention in business).
Most voters -- who cancel out your vote -- have very different ideas than you do. Buried assumptions and widely-varying definitions are being exposed by a recent debate over Christianity, socialism, and capitalism. Controversy sparked by Pope Francis' Apostolic Exhortation and Rush Limbaugh's criticism has revealed enormous differences in people's assumptions about what the words "capitalism" and "socialism" actually mean.
Your author asserts at the outset that the true definition of a capitalist is anyone who places his capital (money, tools, equipment, property, real estate, etc.) at risk, with no guarantee of making any money or even getting that capital back, in the hopes of earning enough money to pay back the cost of the investment and then go on to earn a profit for his troubles. It can also mean an advocate for such behavior as a preferable national system.
Capitalism is the only approach that can bring prosperity to humanity, especially the poor and disadvantaged, because in free enterprise, businesses cannot force anyone to buy their products or services. Companies must offer products or services that benefit society more than the purchase price or the capitalist will go out of business. This discipline of the marketplace is why government bailouts are poison.
Only transactions which produce a net benefit to society will occur -- others will be blocked by consumer choice. Freedom is the essential ingredient in this magic "invisible hand." As soon as government bails out bad actors or plays favorites,
(Excerpt) Read more at americanthinker.com ...

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