Originally Posted by !! Shawn
I agree with that point. It is much easier to tell people they should give away more of their money when you have never had to really work for it.
I also agree with your point that every single failure of capitalism is a direct result of interference.
Oil prices are a direct result of capitalism not being allowed to increase supply to levels needed to meet demand.
The subprime crisis is a result of capitalism being forced to make decisions that did not make sense on a risk/reward basis.
The notion that capitalism is responsible for massive gaps in inequality is also patently false. There is always a fine balance between the rich and the poor in capitalism.
If the poor get too poor the rich don't make money. Greed is not rewarded, contributing positively to your customers is. The companies are not out there robbing people. They are out there providing goods and services that help people, that enhance peoples lives, and improve the economic environment.
Socialism is where true inequality comes into play. When the people do not have a choice of how to spend their money, the government can funnel that money to whoever they chose. Look at places like Cuba. Fidel Castro is a BILLIONAIRE.
Do you think he got that was because he worked hard and contributed to the economy? Nope. He got that way because the government is in charge of where peoples tax dollars go, and the government decided they should go to Castro.
In a system where one entity has the power to decided who is allowed to have, and who isn't a small group of people always come out as the winners.
OPEC(towelheads) are primarily responsible for oil prices(considering we dont produce enough of our own energy). They are already cutting supply to make the prices go up. Castro's regime is communist, not socialist.