Monday, April 6, 2009

What Capitalism Really Looks Like

In a free market capitalist system, businesses and businessmen are allowed to succeed and fail without government interference. Some people soar, while others flop. That's precisely how you figure out the winners and losers- you leave companies (and people) alone and allow them to succeed or fail. If they fail, someone new will come along to pick up the pieces and do it better. How would anyone learn from these failures and mistakes, if government doesn't allow anyone to fail in the first place?

Exactly. What we are witnessing now is not capitalism - it's socialism or fascism or, maybe, it's just politicians providing favors to their lobbying buddies - but it's not free market capitalism.

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