Posted on 05/13/2018 7:49:51 AM PDT by MarvinStinson
“Capitalism takes the position that ‘greed is good,’ which its supporters say is a positive thing — greed drives profits and profits drive innovation and product development”
What is greed? Greed is a negative term. It generally means coveting what belongs to others and obsessing over accumulating wealth.
In this case, no, advocates of free markets and the right to own property and money are NOT greedy. Socialism is based on coveting what belongs to others. It is based on blaming others for ones financial status, and then trusting the Socialism salespeople (liberal politicians) to fight for your supposed “right” to take other people’s money and stuff. In the end those politicians are the greediest ones of all.
“In a capitalist country, the focus is on profits over anything else; in a socialist country, the public is seen to be more important, and social welfare is a major priority.”
Wrong again. The purpose of business and commerce is profit. It is why individuals work, and why people buy, sell, and trade. But those who believe this do not “focus on profits over anything else.” It’s just ludicrous. Business, work, and commerce are just part of life. Capitalism does not require these things to be all that life is about.
What is labeled as “capitalism” is generally just the basic Biblical ideas of being against stealing and covetousness.
This statement:
“Capitalism is defined as an economic system in which a country’s trade, industry, and profits are controlled by private companies, instead of by the people whose time and labor powers those companies.”
is a socialist self-serving definition and it does not due justice to capitalism as it is practiced, in the U.S. and elsewhere.
At the root it writes fiction suggesting “the people” are left out of “capitalist” decisions.
1. Private citizens that own a private company all by themselves are part of “the people”.
2. The stock holders (in the millions) that own a company through its sale of stock to the public are part of “the people”.
3. The “management” of a company as owners or as employees are part of the people.
4. All those people are collectively part of what “powers” the company, in addition and not exclusive of employees who neither own shares in the company’s stock or are part of management. However, contrary to the implication of the writer in Teen Vogue, all those other employees alone, exclusive of owners and management, of whatever variety, cannot and do not “power the company” all by themselves.
5. Additionally, none of the “capitalist” activity takes place in a legal void, as if the “capitalists” acting all on their own, unfettered by the law anywhere or anyway make all their “economic” and financial decisions as if no person, organization or law need be considered.
6. And where does all that body of law come from in our democracies? It comes in essence from “the people” by way of their elected leaders and representatives as well as the rule making entities they establish and oversea.
And the Teen Vogue article misses entirely what “capitalism” is about. Its about people making economic and financial decisions, as individuals, as well as the companies they form, operate and manage based on market-economics above mere political preference. Capitalism is to economics what Freedom is to politics - Liberty over overpowering and abusive government dictating “the people’s” choices.
Capitalism is in origin a communist term.
Teen Vogue should stick to articles that its writers know something about. Like anal sex.
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