I do not think profit is evil. What I think is making a profit at someone else’s expense and having no conscience about it is at least questionable.
I am glad we agree.
However, I would say that “making a profit at someone else’s expense” is just plain
wrong…and leave conscience out of it.
An honest Capitalist would never profit at his employee’s expense or that of his suppliers.
Of course, a Capitalist who provides a better product or service at a better price than his fellow Capitalist, could profit at the other Capitalist’s expense. But that is the risk we take and the rule of the game we play. In a true Capitalist economy there would be no hard feelings.
Trouble begins with government involvement. When the losing Capitalist can run to a government and cry “foul” and demand government concessions or controls in the name of equality or fairness…then we have a problem and the Free Market is free no longer.
The honest, efficient Capitalist is taxed or regulated into raising his prices and lowering his standards to “equal” his competition. This only affects the consumer, who now has to pay more for less and blames the greedy Capitalists for making profits.
In a true Free Market…the farther government stays away…the better.
But surely West Germany was not what you would describe as a ‘real’ capitalist society? If West Germany had a ‘Trickle Down’ Economy it is news to me. I believe their welfare system was, and still is, quite generous.
I am not saying that West Germany had a real Capitalist economy…I am pointing out the difference between the FREE West and the socialist EAST.
Good heavens!!! The communists had to build a wall to keep their people IN. Whatever they had in West Germany was better than East Germany at that time.
Even the native Americans? The Indians? Where they wiped out by the Welfare State?
If the pilgrims are the only example you can give than I would say your evidence is insufficient.
I use the Pilgrims because it is the best example and one that is constantly twisted by revisionist statist historians.
The Industrial Revolution in England and Europe is a prime example. Standards of living increased, life spans increased and the birth rate began to climb.
The American Indian has been wiped out…by the welfare state…precisely.
The cruelest thing we ever did to the Indians was to not allow them to assimilate into our society. Since 1831 Indians have been considered “wards” of the U.S. government. Today, they live in squalor on reservations in dilapidated government housing. Alcoholism and illiteracy remain at record levels. Supporters of Indians call for more government money. More government housing is provided and it goes to ruin in no time. Indians have no reason to work…they are cared for by the government from cradle to the grave. The few who have pursued higher education, assimilated into “the white man’s world” have been successful and do well on their own. They are the first to condemn the reservation system.
I find it a
real tribute(sarcastic font) to government welfare when I see a once noble warrior sleeping in a recliner outside a ruined trailer house surrounded by empty beer cans.
There is no such thing as a human ideal or economic model that has no weaknesses at all.
Then I will have to defer to you to point out any weaknesses. (try to find any that are not related to government intervention)
And what about in the interim period? While we’re waiting for this ‘real’ capitalist utopia to take off globally?
If an interim period HAS to occur … we will just have to make the best of it and suffer through.