Rock, Paper, Scissors: Capitalism Beats Socialism, Communism, Theocracy

[sassedbygov]

I read a few quotes in the Journal the last few weeks I thought were worth sharing.


From Walter E. Williams, in an editorial on the ''Issues & Insights'' page of Investor's Business Daily on October 25th:

''Free-market capitalism is unforgiving. Producers please customers, in a cost-minimizing fashion, and make a profit, or they face losses or go bankrupt. It's this market discipline that some businesses seek to avoid.

That's why they descend upon Washington calling for crony capitalism -- government bailouts, subsidies and special privileges. They wish to reduce the power of consumers and stockholders, who hold little sympathy for blunders and will give them the ax on a moment's notice.

Having Congress on their side means business can be less attentive to the will of consumers. Congress can keep them afloat with bailouts, as it did in the cases of General Motors and Chrysler, with the justification that such companies are 'too big to fail.' Nonsense!''

''If we gave it just a little thought and asked what kind of organization throughout mankind's history has accounted for his greatest grief, the answer wouldn't be a free-market, private, profit-making enterprise; it would be government, the largest nonprofit organization.''



And from Robert A. Sirico, in an editorial on the ''Opinion'' page of The Wall Street Journal on October 27th:

''People are occupying Wall Street, blaming capitalism, speculation and greed, but rare is the analysis that traces all these problems back to the structural change in money that was brought about in the early 1970s.

We went from a hard-money regime, in which there were restrictions on the power of central banks and financial institutions to create money and credit, to one where money became purely paper. There were no restrictions remaining on the power of governments to finance unlimited debt. Banks could create credit seemingly without limit. Central banks became the real power in the world economy.

None of this was true under a gold standard. That system limits the expansion of credit by an indelible physical fact. There was a limit, a check, a rule that went beyond the whim of financial masters and politicians.''


Amen brothers!

[tuts40]

I enjoy the work of Walter E. Williams. He can be comedic while driving a point home. He's one of those down to earth financial types that make the elite left spew venomous hatred after they've been forced to look in the mirror. When he speaks of his wife, I know he's doing a lot of it "tongue in cheek" or he'd have a frying pan shaped head!

Thanks for the post, Sass.

[Bighouse Doc]

Socialism is great. Look what t's done for Russia!

-Doc

[localgirl]

I couldn't agree more.

[mappow]

I take exception to the quote in that "the largest nonprofit organization.'' is profitable to those in government. Why else are most of them there.

[fuhr52]

Capitalism trumps socialism every time it's tried.

[JJFlash]

It is with the utmost irony that I find myself in agreement with the orginal "Occupiers" (not the lunatics who are running the asylum, now) at least as far as the world of high finance is concerned. Wall Street is indeed corrupted, AND is in league with the "ruling elite" in Washington DC (also, of course, corrupted). What we have now, as has been noted, is no longer capitalism. Maybe we're witnessing the development of the quasi one-world government that the tin foil hat wearers have been warning about for years. It's increasingly out in the open.

These guys have money and power we can't even begin to comprehend. And they are not accountable to us.

Don't believe it? So what if Obamasama isn't relected? His ego might be hurt at little, but he'll go on to make millions, so I'm sure he'll get over it, at some point. All of 'em are like that. How many, upon losing their elected position, go back to slopping hogs on the family farm? Pretty low percentage, I bet. They'll just move to the lobby firm, the law firm, the chairman of the board, the presidency of the university, the hedge fund...etc. etc. etc. Write memoirs. They still be rolling in the dough and hob-knobbing with the hobnobs. They do not care what we think. Their focus upon us is soley for the lucre they can squeeze out of us, because, of course, it's our hard-earned money that makes the whole thing run. Ironic.

Ah, hell, rant off. Pass me the tinfoil.