Giving thanks... for capitalism

Little-Acorn

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Jun 20, 2006
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We still hear the whines and fears of liberals who believe that an entire nation full of people working mostly for their own good, can never coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.

Available evidence indicates otherwise. 200 years' worth.

A timely reprint, slightly updated.

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Jeff Jacoby
Giving thanks for Capitalism

by Jeff Jacoby
Nov. 27, 2003

Today, in millions of homes across the nation, God will be thanked for many gifts — for the feast on the table and the company of loved ones, for health and good fortune in the year gone by, for peace at home in a time of war, for the incalculable privilege of having been born — or having become — American.

But it probably won't occur to too many of us to give thanks for the fact that the local supermarket had plenty of turkey for sale this week. Even the devout aren't likely to thank God for airline schedules that made it possible for some of those loved ones to fly home for Thanksgiving. Or for the arrival of "Twilight Saga, Part 2" at the local movie theater in time for the holiday weekend. Or for that great cranberry-apple pie recipe in the food section of the newspaper.

Those things we take more or less for granted. It hardly takes a miracle to explain why grocery stores stock up on turkey before Thanksgiving, or why Hollywood releases big movies in time for big holidays. That's what they do. Where is God in that?

And yet, isn't there something wondrous — something almost inexplicable — in the way your Thanksgiving weekend is made possible by the skill and labor of vast numbers of total strangers?

To bring that turkey to the dining room table, for example, required the efforts of thousands of people — the poultry farmers who raised the birds, of course, but also the feed distributors who supplied their nourishment and the truckers who brought it to the farm, not to mention the architect who designed the hatchery, the workmen who built it, and the technicians who keep it running. The bird had to be slaughtered and defeathered and inspected and transported and unloaded and wrapped and priced and displayed. The people who accomplished those tasks were supported in turn by armies of other people accomplishing other tasks — from refining the gasoline that fueled the trucks to manufacturing the plastic in which the meat was wrapped.

The activities of countless far-flung men and women over the course of many months had to be intricately choreographed and precisely timed, so that when you showed up to buy a fresh Thanksgiving turkey, there would be one — or more likely, a couple dozen — waiting. The level of coordination required to pull it off is mind-boggling. But what is even more mind-boggling is this: No one coordinated it.

No turkey czar sat in a command post somewhere, consulting a master plan. No one rode herd on all those people, forcing them to cooperate for your benefit. And yet they did cooperate. When you arrived at the supermarket, your turkey was there. You didn't have to do anything but show up to buy it. If that isn't a miracle, what should we call it?

Adam Smith called it "the invisible hand" — the mysterious power that leads innumerable people, each working for his own gain, to promote ends that benefit many. Out of the seeming chaos of millions of uncoordinated private transactions emerges the spontaneous order of the market. Free human beings freely interact, and the result is an array of goods and services more immense than the human mind can comprehend. No dictator, no bureaucracy, no supercomputer plans it in advance. Indeed, the more an economy is planned, the more it is plagued by shortages, dislocation, and failure.

It is commonplace to speak of seeing God's signature in the intricacy of a spider's web or the animation of a beehive. But they pale in comparison to the kaleidoscopic energy and productivity of the free market. If it is a blessing from Heaven when seeds are transformed into grain, how much more of a blessing is it when our private, voluntary exchanges are transformed — without our ever intending it — into prosperity, innovation, and growth?

The social order of freedom, like the wealth and the progress it makes possible, is an extraordinary gift from above. On this Thanksgiving Day and every day, may we be grateful.
 
A great little engine but you don't yet the engine steer the car.
Another incoherent one-line post with no discernible connection to the thread.

(yawn)
Capitalism is not for the pitchfolks, which is why you fail to understand it.

Actually, capitalism is for everyone. It's the one system that abhors aristocracy and promises opportunity and the chance for great wealth and success for those willing to work, to risk, and to dream. It's clearly YOU who doesn't understand its nature.
 
Capitalism works for those at the very top. They can afford to buy off the politicians to ensure they stay at the top. The chance for great wealth is what we call a "lie"
 
Capitalism works for those at the very top. They can afford to buy off the politicians to ensure they stay at the top. The chance for great wealth is what we call a "lie"

Capitalism works for everybody. A very good example is North and South Korea which exhibits the stark differences between capitalism and communism on a single peninsula. In North Korea, people are starving. Massive food shortages have prompted international aid multiple times over the last several decades. At night, satellite images of the peninsula show it to be mostly dark, revealing a population that lives in the stone age, mired in hopelessness and poverty. South Korea by contrast is well able to feed their population and export food. They practice a form of capitalism so pure that if you have food or a product to sell, you can pull over to the side of the road and sell it out of the back of your minivan. They drive cars, have cell phones, great health care, and are able to travel abroad.

You actually described the communist system, especially the old Soviet nomenclatura class, which were the only ones who could afford cars, buy Western goods, and live a life of luxury. These were aristocrats, high ranking military, and politicians. Never has there been so perfect a system crafted to keep the poor in dire poverty and the rich in unending luxury than the communist system. When grain shortages caused mass starvations, the nomenclatura didn't suffer or starve, but the people did, children dying by the millions. So you have it exactly backwards. Capitalism benefits EVERYONE while communism benefits only a very few. Only a brainwashed Leftist could see the plain truth and not get it.
 
Capitalism works for those at the very top. They can afford to buy off the politicians to ensure they stay at the top.
Nothing capitalistic about that. That's merely corruption, which exists independent of any economic system that might be in place.

Part of government's job in a capitalistic society, is digging out, prosecuting, and punishing corruption. Which includes setting up bodies as independent as necessary, to do the job if the politicians can't.

If government would spend even one-tenth the resources doing that, as they presently spend trying to control the economy (i.e. making it LESS capitalistic), the corruption you complain about would be miniscule.

But that corruption is not a problem of capitalism. It's a problem with weaklings in government. Keep an eye out for them, and root them out and punish them as needed, and the problem will shrink to unimportant proportions.

That' unlikely to happen in or present less-and-less-capitalistic government , though... since the corruption is spreading through the entire thing, and government is now making laws making it LEGAL to take resources from some citizens and give it to others. Government can't get much more corrupt than that. (Or more unconstitutional).
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.

I don't blame them. If I were trying to defend liberalism (which this assertion flatly refutes), I'd run away and hide too.
 
A great little engine but you don't yet the engine steer the car.
Another incoherent one-line post with no discernible connection to the thread.

(yawn)
Capitalism is not for the pitchfolks, which is why you fail to understand it.

Actually, capitalism is for everyone. It's the one system that abhors aristocracy and promises opportunity and the chance for great wealth and success for those willing to work, to risk, and to dream. It's clearly YOU who doesn't understand its nature.
I understand its nature perfectly, which is why I'm a capitalist and know it must be regulated, among other things.
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.
That's probably because that didn't happen...
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.
That's probably because that didn't happen...

Yes it did. What never happened is the communist promise of prosperity.
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.
But it wouldn't have happened without progressives(liberals) taking the edge off of laissez-faire capitalism. Until then "good of all" wasn't really considered a function of government and those that did have it good did everything they could to keep it to themselves.
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.
But it wouldn't have happened without progressives(liberals) taking the edge off of laissez-faire capitalism.
It's become quite common that, when a leftist is faced with a fact he hates but cannot refute, he simply announces that it's not true, as little komradvi does here.

With no attempt to back up his assertion, of course.

In other words, he simply lies even more, and hopes (as always) that he can fool somebody into believing him.
 
I see no liberals have spoken up to argue against the assertion that an entire nation full of people working mostly for their own good, can (and in fact did) coalesce to form a nation where the good of all is overall increased steadily, day after day, year after year.
But it wouldn't have happened without progressives(liberals) taking the edge off of laissez-faire capitalism.
It's become quite common that, when a leftist is faced with a fact he hates but cannot refute, he simply announces that it's not true, as little komradvi does here.With no attempt to back up his assertion, of course.
I consider the part in BOLD to be backing up my assertion. Did you expect a complete history of the Progressive Era?
 
A great little engine but you don't yet the engine steer the car.
Might be time to lay off the rum & eggnog, Paint...I don't have the faintest idea what that incoherent post was supposed to mean!
Capitalism is the engine of the economy, but it's not necessarily the best steering wheel. Seems obvious to me. Perhaps you've been hitting something stronger than egg nog?
 
A great little engine but you don't yet the engine steer the car.
Might be time to lay off the rum & eggnog, Paint...I don't have the faintest idea what that incoherent post was supposed to mean!
Capitalism is the engine of the economy, but it's not necessarily the best steering wheel. Seems obvious to me. Perhaps you've been hitting something stronger than egg nog?

Actually, Konradv...Capitalism does steer itself. I believe Adam Smith referred to it as "the invisible hand". Conversely, the problem with a centralized system like Communism was always that attempts to "manage" an economy from the top by decree always failed because there was no way to anticipate what an economy would do.
 
But it wouldn't have happened without progressives(liberals) taking the edge off of laissez-faire capitalism. Until then "good of all" wasn't really considered a function of government and those that did have it good did everything they could to keep it to themselves.

In a capitalist society there is no way for the people who have it good to keep it for themselves....when the government can't coerce people or reward others then that freedom allows people to start their own businesses....much of the progressivism of the trust busters....was used to keep competitors down....the famous meat packing industry reforms....were pushed and supported by the large meat packing companies...why....because it kept the smaller companies from competing with them....

As Ayn Rand pointed out, the only true monopolies are government monopolies...any other business must constantly fight to stay on top....that is why Apple, once a leader....is going to go into decline...unless they get propped up by the government...

Big corporate taxes...are used to prevent competition...since established corporations have the money to absorb them...while the new businesses....just when they start to be successful...get hit with punishing taxes....

If the government doesn't step out of it's role of police officer, can't reward or punish businesses based on corruption....you have a free market and all people prosper...

That is why in the U.S. we have advanced farther and faster in 250 years than any of the other nations on earth.....
 

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