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Top Six Reasons Why I Love Capitalism

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Posted on January 23 2011 9:00 am

Pages: 1 2 3 4 5 6 7

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But why is capitalism good? (The following is not an exhaustive list. Very long books have been written on the topic.)

Reason #6: Capitalism rewards success and punishes failure.

Capitalism frees up everyone to be the best they can be. Conversely, it allows people to fail. There is nothing wrong with people failing. It is part of life. It is the way of the world.

It has nothing to do with “fairness,” a concept that has become the peculiar fetish of the Left. It is not unfair that some people are wealthy and some are poor any more than that some people are smart and others are stupid. And if some people can’t get by on their own, they are free to appeal to others for charity. Beggars can’t be choosers.

Socialists hate capitalism because capitalism recognizes the beauty and necessity of material inequality in a free society. According to socialists, everyone should be equal in every way possible. But this makes no sense. People are born into different situations. Some are talented; some are not. Some are industrious and hard-working; others are not. Why wage war, as socialists do, against nature?

Next: Being selfish is a virtue.

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6 Responses leave one →
  1. Error: Unable to create directory uploads/2015/01. Is its parent directory writable by the server?
    January 23, 2011

    Nobody? Or have I stated the obvious here?

  2. January 23, 2011

    You left out iPods. No way could Sweden could invent the iPod.

  3. January 23, 2011

    "Capitalism promotes the creation of wealth, which benefits society."

    This is not how Ayn rand saw captialism. Captialism benefiting society or advancing the common good is not it's essential goal, that is a socialist premise you've accepted, the benefits captialism provides for all individuals is merely a consequence. Always remember Captialism is not here for society or the common goods sake but for the individuals sake. You should read ayn rand's marginalia inwhich she points this out.

    • Error: Unable to create directory uploads/2015/01. Is its parent directory writable by the server?
      January 26, 2011

      This is my essay not Rand's. I don't think I've accepted a socialist premise. I am merely pointing out all the benefits of capitalism. Capitalism does promote the creation of wealth and the creation of wealth benefits society.

  4. January 23, 2011

    No, Constitution is not captialisms primary man's inalienable individual rights are. You won't win the argument for capitalism by making the Constitution the primary. Remember the constitution can be amended but man's inalienable individual rights can not.

    • Error: Unable to create directory uploads/2015/01. Is its parent directory writable by the server?
      January 23, 2011

      I thought that was understood. Individual rights are inextricably bound up in capitalism.

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