IN DEFENSE OF CAPITALISM!
By John Ingrisano on Dec 16, 2009 in Commentary
This is part rant, part rave! I’ve had it and am fed up about the ignorant, anti-capitalism noise coming from the President of the United States and those around him. I expect this kind of idiocy from euro-trash, people who see the government as a huge tit from which all their needs flow. But from our own President?
Just for the record (since the fundamentals need a bit of clarifying these days):
- People who work on Wall Street are not evil!
- People are naturally and inherently self-focused, whether in business or in government! (This is a good thing.)
- People with money are not evil!
- People who work hard to make a lot of money are not evil … even if they do not want to share it with you or me!
- On any given day, government needs more regulation than does business.
- In what’s left of this country, people who are willing to work 16 hour days, six days a week, can eventually make lots of money! (People who sit on their butts will not. Any questions?)
- Insurance companies are not greedy! (I know hundreds of men and women in the insurance industry, and all but two of the ones I know are either downright good or at least borderline nice.)
- Capitalism is not about greed, but about opportunity for people to live and direct their own lives! (If they make lots of money doing it, good for them.)
- Capitalism does not exploit people! (It creates opportunity … unlike overbearing governments.)
- Wal-mart does a damn good job! (It creates jobs and markets for hundreds of thousands of people who might otherwise be picking through trash heaps for a living.)
- There’s nothing wrong with greed! (Gasp!)
- If greed were illegal, most of Congress would be in jail.
- Businesses do not have moral responsibilities to do anything other than not break the law! (Gasp again!)
- The purpose of a business is to make a profit! (Ergo, being accused of being in business to make a profit is not a crime. Honest.)
- Capitalists make money when they provide goods and services that people want and for prices they are willing to pay. (Hurray!)
- Capitalists lose money and go broke when they fail to provide goods and services that people want and for prices they are willing to pay. (Tough … but there’s always next year!)
- The purpose of a business is not to provide jobs, but to make a profit! (Making a profit, however, will create jobs in the long run.)
- It is very, very hard to start, build and keep a business successful! (People who do it should be admired, not insulted.)
- The government hasn’t a clue how to run a business.
- Capitalism creates wealth! (Countries with the freest economies are the wealthiest.)
- Socialism destroys wealth! (How long can we tax “only” the rich people before we have no rich people?)
- Government needs to stay out of business … and business needs to stop looking to government for money!
- Government cannot “create” competition! (However, it can get out of the way, even-handedly enforcing contracts and other laws, and thereby enable businesses to compete … and compete they will.)
- When a business does make a profit, that is what creates jobs, generates tax revenue, enables people to buy and stay in their homes, donate to charities, and — yes, it’s true — afford health care! (Making sense yet?)
- Accusing banks of not wanting to lend money is stupid! (That’s what they do, so if they are reluctant to lend money, that means the risks are too high.)
- The role of the government is NOT to run businesses, but instead to assure that rule of law allows others (as in business people) to run their own businesses!
- It is a disgrace to hear the President of the United States of America spewing out hatred – insulting and berating entire industries and businesses in this country.
Final word: I am a capitalist and I’m darn proud of it.
John Ingrisano
The Freestyle Entrepreneur
The Freestyle Entrepreneur
204 Lakeview Drive
Algoma, WI 54201
(920) 559-3722
Algoma, WI 54201
(920) 559-3722
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