P@triot
Diamond Member
- Thread starter
- #41
We may never get a "pure" version of capitalism, but that system is by far the best and should remain as free as possible from intervention by central planners. Praxeology is not meant, like economics, to be perfect. Humans aren't perfect. But if we can understand this and protect the rights of everyone under a uniformed and equal standard of the law, we find the best possible economic system known to man.
What we have now is none of that. We have central planners constantly fucking with our money supplies, we have a government corrupt that picks favorites in almost every sector of the economy, and they are all above the law. That's why this corporatism has to implode.
So we can hopefully reclaim our human actions as free, while establishing a rule of law that protects the rights of all.
John Smith explained quite clearly why unfettered, unregulated capitalism ALWAYS collapses. He stated that capitalism only works in a carefully regulated environment--lest labor be relegated entirely to commodity status.
But I see your point in general. I would personally much prefer a system that rewards productivity well, and rewards ONLY productivity. The American economy is extremely far from that ideal, though. Too many Americans are rewarded only because they have the ability and means to demand it.
All evidence to the contrary. Steve Jobs was given up at birth and was adopted by an average, middle-class family. No wealth. No privilege. And Jobs did not even go to college (he attended a semester here and there over a period of a few years at different institutions). Yet, out of his own garage, he built an iconic empire which is now the most valuable company in U.S. history.