Norman
Diamond Member
- Sep 24, 2010
- 31,254
- 15,176
- 1,590
Lincoln didn't have to be an economist to realize that Capitalism depends on cheap labor, cheap raw materials and cheap energy so that there is enough profit to pay the owners of the means of production far more than they deserve and to pay the workers far, far less than they deserve.Lincoln wasn't an economist. His theory is false.America is a nation of liberty, brotherhood and intellectual clarity. There is no 'ism' that made or makes it great; it is the people who make it so. If it is not great, it is nevertheless the people who make it so.
The 'founders' were eclectic, not simple ideologues. They accepted and incorporated divergent concepts of theology, politics and economics.
Worshiping 'capitalism' is such a gross error that it seems unthinkable such a thing could happen. 'Capitalism' is merely a tool, something we can use, not something that must be used. It may be appropriate in some cases and not others. Blind faith in something that is not even a faith is inhuman. Capital itself is a mere creation of the mind of man, thus it and all value issue from the same source; human thought, followed by human effort.
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln
Capitalism is the system that results when you respect the laws of economics. They are not whims. They are laws.
Actually capitalism primarily depends only on one thing: lack of coercion.
Same can't be said about communism, which primarily depends on coercion.