Comments on: Today’s Un-American View Of Government And Business http://patdollard.com/2009/05/today%e2%80%99s-un-american-view-of-government-and-business/ The War Starts Here Thu, 16 Feb 2012 07:08:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Lone Wolf http://patdollard.com/2009/05/today%e2%80%99s-un-american-view-of-government-and-business/#comment-456023 Lone Wolf Fri, 22 May 2009 02:50:10 +0000 http://patdollard.com/?p=74106#comment-456023 More examples: http://online.wsj.com/article/SB124277530070436823.html More examples:
http://online.wsj.com/article/SB124277530070436823.html

]]> By: SunDevilDog http://patdollard.com/2009/05/today%e2%80%99s-un-american-view-of-government-and-business/#comment-455939 SunDevilDog Thu, 21 May 2009 23:46:16 +0000 http://patdollard.com/?p=74106#comment-455939 It's amazing that most Americans are not outraged by the thought of fascism/socialism. Do they think that they are entitled to live in a nice house, drive a new automobile and eat good food because of the country they were born in? I wish people would wake-up and realize the reason we have a superior life style is because of capitalism. Then, ensure it is preserved for future generations. It’s amazing that most Americans are not outraged by the thought of fascism/socialism. Do they think that they are entitled to live in a nice house, drive a new automobile and eat good food because of the country they were born in?

I wish people would wake-up and realize the reason we have a superior life style is because of capitalism. Then, ensure it is preserved for future generations.

]]> By: Lone Wolf http://patdollard.com/2009/05/today%e2%80%99s-un-american-view-of-government-and-business/#comment-455934 Lone Wolf Thu, 21 May 2009 23:35:20 +0000 http://patdollard.com/?p=74106#comment-455934 One of the great unappreciated 'features' of capitalism is that it prevents people from wasting resources and rewards efficiency and the creation of wealth. If I take money, labor, equipment, and energy, and land and use them to make something people value - then I am rewarded with profit. In a free market, competitors will be also be attracted - driving both innovation and more efficiency. On the other hand, if I take money, labor, equipment, energy, and land and use them to create something no one wants to buy at the price I need to stay in business, I have destroyed value and will (and should) go bankrupt - stopping me from wasting any more resources. Government, on the other hand, operates through compulsion (taxation) and can (and does) flagrantly waste resources all day long, because Government has little incentive to be efficient - and its difficult to even make it stop. Look at recycling for an example: http://video.google.com/videoplay?docid=-1444391672891013193&ei=muQVSoiQJJKKqQO9lsS_DQ&hl=en Eventually this bullshit bankrupts the entire country, much like what happened to the USSR - whereas even a little Free Market Capitalism(tm) can create a China, or a Hong Kong. I recommend reading "Eat the Rich" by P.J. O'Rourke for an entertaining account (as much as it can be) of free market economics by an ex-liberal. One of the great unappreciated ‘features’ of capitalism is that it prevents people from wasting resources and rewards efficiency and the creation of wealth. If I take money, labor, equipment, and energy, and land and use them to make something people value – then I am rewarded with profit. In a free market, competitors will be also be attracted – driving both innovation and more efficiency.

On the other hand, if I take money, labor, equipment, energy, and land and use them to create something no one wants to buy at the price I need to stay in business, I have destroyed value and will (and should) go bankrupt – stopping me from wasting any more resources.

Government, on the other hand, operates through compulsion (taxation) and can (and does) flagrantly waste resources all day long, because Government has little incentive to be efficient – and its difficult to even make it stop. Look at recycling for an example:
http://video.google.com/videoplay?docid=-1444391672891013193&ei=muQVSoiQJJKKqQO9lsS_DQ&hl=en

Eventually this bullshit bankrupts the entire country, much like what happened to the USSR – whereas even a little Free Market Capitalism(tm) can create a China, or a Hong Kong.

I recommend reading “Eat the Rich” by P.J. O’Rourke for an entertaining account (as much as it can be) of free market economics by an ex-liberal.

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