14. As per the title
….How can you be a socialist, Democrat…..and still claim to believe in liberty????
"The underlying foundation of capitalism is human freedom. As Adam Smith recognized, when individuals are permitted to pursue their self-interest through markets, they are amazingly good at finding ways of bettering not only themselves but society as well.
Equally important, as economist
Joseph Schumpeter explained, out of this freedom arises a continuous process of improvement – what he called “creative destruction.” It is this
constant innovation – discovering and bringing to market new products and services, finding ways of improving existing products and services, and finding more efficient ways to create these products and services – that truly drives economic growth and increases standards of living.
The fact is, while the accumulation of capital is a feature of a market economy, it’s certainly not exclusive to it.
It is individual freedom and the innovation that arises from it that drives the engine of capitalism." 4 Common Capitalism Myths Debunked | James Davenport
15. And the result of capitalism, and individual liberty….is the
innovation on display in this example:
" In 1949, someone who worked minimum wage over the summer would have enough money to buy the following items from that year’s Sears’ catalogue: A Smith-Corona typewriter, Argus 21 35mm camera, Silvertone AM-FM table radio, and Silvertone 3-speed phonograph.
In 2009, the same person, working the same number of hours at minimum wage, would now be able to purchase: A Dell laptop computer, HP color ink printer, scanner, copier, Canon 8 megapixel digital camera, GPS system, 32” LCD HDTV television, 8GB iPod Nano, GE microwave, Haier refrigerator/freezer, Toshiba DVD/VCR combo, RCA home theater system, Uniden cordless phone, RCA AM/FM radio, Camcorder, Sony PlayStation 2, as well as several other things."
Mark J. Perry, “Young Americans: Luckiest Generation in History,”
CARPE DIEM: Young Americans: Luckiest Generation in History
Freedom, liberty, results in prosperity.
Don't believe it? Compare the Obama economy with the Trump economy.
Or…..take a gander at Venezuela.