A Primer on Capitalism (Should Be Required Reading!)

In today’s turbulent financial times and difficult economic conditions, a lot of unjustified criticism and unwarranted accusations have been laid at the doorstep of capitalism. Many in the mainstream press and academia, a majority of politicians, and a large number of Americans have jumped on the bandwagon and unfairly blame capitalistic principles for the huge mess that we are in. Such widespread confusion evidences a misunderstanding by many Americans of how value is actually created in society and what capitalism really represents.

This page is probably one of the most SUCCINCT overviews of the capitalist system I've seen. Anyone who reads and grasps the material Banescu is providing would know more than 95% of the general public and more than 75-80% of the "journalists" in America.

I do not say this to make us proud and haughty like John Kerry. I say it to URGE YOU and me to get a grip on this material...AND THEN SHARE IT WITH OTHERS.

Bring it to them at their level. Don't be nasty--get them to see and understand it so that when they see what Hussein and Pelosi and Reid are stealing from them, they'll be just as outraged as YOU are!

This easy primer on capitalism is a great way to communicate its superiority.

Read it, share it, put it on your own blog, forward the link....write your own version, have your kids learn it.

Do not let the truth be lost.

BTW, this is NOT my site. :) So I am not advertising for me or a friend.

Here is the beginning of his explanation:

Common sense and experience dictate that there are only three (3) possible ways for anyone in life to have, create, or obtain value (monetary or economic) or acquire any assets (property) to be able to live or sustain oneself or one’s family:

(1) You ethically earn it by working and providing value to your employer, investing in other people’s ventures, risking it in a new business to provide new value to others via a service or product, or by inventing, creating, or discovering something new and original, that is useful (device, process, cure) or pleasing (literature, music, art) to others. This is known as ethical capitalism, which I’ll simply call “capitalism” going forward.

(2) You appropriate it from others, or someone else (person, institution, or government) appropriates it on your behalf. Communism, socialism, the US government (federal, state, and local), and criminals practice this approach. This choice is always coercive, but legal in some cases (taxes) and illegal in others (criminality).

(3) Someone voluntarily gives it to you, through a gift, a will, a trust, or a charity donation. Note however, that in order for someone (individual, government, church, institution, etc.) to have any value (money or assets) to give, they must first attain it by choice #1 or #2 above. No other source for the donation exists.

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