Capitalism is purely about money

One of the constant talking points by the demo-communists currently in charge of our government, is that capitalism is bad.  To this point there are a never-ending attempts by these people to take over the economy.  One can see this in the healthcare industry which is now almost completely dominated by the government.  How is that working out?

Connor Boyack has published  a short post on capitalism that addresses some of the common myths about this.

It’s not uncommon to hear people talk about capitalism as if it’s purely about money. To put it another way, capitalism is sometimes thought to be something that is only for the rich.

This belief seems to be especially strong among young Americans who have been taught that capitalism favors only the rich and never the poor. They believe that the rich get richer while the poor get poorer.

But they’re only half right. While it’s true that the rich are getting richer, under free-market capitalism, the poor are also getting richer.

This is more than just a matter of who has the most dollars in the bank. It can also be seen in the lives of those whose income falls below the so-called “poverty line.” For a family of four, that would be an income of $25,465 or less in annual income.

Even “poor” families in America tend to own a car, live in a modern dwelling with indoor plumbing, running water, and heating and air conditioning, have access to the internet, and own at least one TV. This is true across racial and ethnic boundaries as well as for single- and dual-parent homes.

This was never truer than under the Trump economy before the communists forced a lockdown in the country over a virus.  Freed from the shackles of big government, millions of people were lifting themselves out of poverty.  Then came the lockdowns followed by a stolen election.  The result has been catastrophic for the common people.  The standard of living is falling in most western countries.  Energy is being rationed in many western countries due to the communist endeavors of the globalists who would dominate the world.  That would be the Davos crowd.

The fact is, poverty has been falling steadily for people all around the globe. And that is a result of capitalism allowing opportunities for entrepreneurs and small business owners. Capitalism is also responsible for bringing the cost of what were once considered luxuries down to where nearly any family can afford them.

Just a couple of generations ago, a microwave oven was something most families did not have. They were expensive and could be somewhat difficult to find, depending on where you lived. The same cooking technology that would have cost a family $700 or more in 1980 (when $700 bought a lot more) can now be found for as little as $50 at just about any big box store.

Yes, there are those who figured out how to produce microwave ovens on a large enough scale that just about anyone can afford them. The entrepreneurs who created these companies have likely become quite wealthy as a result. But the wealth didn’t just stop with them.

They created jobs at the factories where microwave ovens are produced. They’ve provided opportunity for the truck drivers who deliver those ovens to the market and the jobs for the employees of the stores that sell them.

Most importantly, this type of capitalism has put a very useful tool within the reach of even the poorest members of society.

The same can be said for other things that used to be luxuries like computers, flat screen TVs, Instant Pots, air fryers, coffee machines, and much more.

The globalists want to tell you that they know best how the world is supposed to work.  This has never worked anywhere it has been tried.  The old Soviet Union is a great example of a failed economic system that was unable to produce the goods that we take for granted.

Capitalism not only allowed people to build great wealth, it also allowed them to use that great wealth to support charitable causes of every sort. Prior to the 16th Amendment creating a direct income tax, citizens kept most of the money they earned and chose what to do with it.

For many, this was an opportunity to donate wealth in ways that supported their communities through new libraries, hospitals, museums, missions, soup kitchens, and other charitable organizations.

Capitalism is not just about making money; it’s about improving as many people’s lives as possible.

Do not follow the siren song of a supposed utopia awaiting the world if only someone would just make all decisions from the top of the governing structure.  That failure is evident every day that the Democrats remain in power in Washington.

November 8th cannot come soon enough.