You May Be a Capitalist If…

enjoy-capitalismThe following are some of the core ideas upon which “conservative” economic policy is based, in my estimation.  Most of these are fairly common-sense and uncontroversial.  It seems to me that for one to reject Capitalism (for lack of a better word), then one must hold to some other principle(s) that override all of this.  But in acting upon those overriding principles, one must manage the consequences of suppressing these principles. If one agrees with the majority of the following, then they may be a Capitalist at heart, or should at least be sympathetic to those who prefer Capitalism.  That is, they should not find it a wicked and unreasonable economic system, which seems to be a popular sentiment in the West these days.

  • A political system should not be defined by its failings, but by its net effects on society.
  • Many problems can be fixed without throwing money at them.
  • It is not the government’s job to fix every social problem.
  • Government is the servant of the people.
  • More debt is worse than less debt.
  • Competition breeds improvement.
  • Wealth is created in the private sector, and government is only a cost center.
  • The purchase of a product is a voluntary exchange, where the product is more valuable to the consumer than the money.
  • Wealth is less like a pie that everyone must share, and more like a pie-maker and plate-maker who are further enriched by fair exchange.
  • When private services outperform government services, this indicates a deficiency in the government’s offering.
  • It is a good thing when businesses succeed in making popular and necessary products and services less expensive.
  • You get more productivity when people are compensated for their talent and effort.
  • Innovation and risk should be rewarded.
  • It is a noble thing to become successful through hard work and perseverance, and the counsel of those who do so should be given special consideration.
  • Being willing to work for low wages is a competitive advantage for someone with little job experience.
  • It is bad for an entity to control both an industry and the laws pertaining to it.
  • Politicians are no more ethical than businessmen.
  • Politicians are no smarter than businessmen.
  • The more control that government has over business, the more likely business will be involved in lobbying and bribery.
  • Incentives should exist to eliminate waste and fraud.
  • Nefarious and ideological people tend to be attracted to those areas offering power over other people’s lives.
  • People are imperfect by nature.
  • There is no perfect form of government.
  • The higher you tax someone, the more they will seek to avoid paying.
  • A tyrant can only corrupt and oppress that over which he has exclusive control.
  • The more power and discretionary spending a politician controls, the more that he is able to buy his own re-election.
  • People take better care of things they’ve paid for than things they are given for free.
  • Uninvited people should not be allowed to come into your home and use, or take, your things.
  • It is a noble thing to work hard and save money for the sake of your children.
  • Parents should be able to pass their earnings to their children, in life or death.
  • What you subsidize, you get more of. What you tax, you get less of.
  • Bureaucrats cannot run an entire business sector as efficiently as experienced stakeholders in each area of that business.
  • Not all regulation is necessarily good.
  • Too much red tape can make it hard to start or run a business.
  • Government-provided services that benefit all citizens are different than government distribution of money from one citizen to another.
  • Government investment in business and technology is only required if the private sector has not deemed it a promising investment.
  • It is better to have a society where many are wealthy than one where most are poor.
  • Having modern conveniences (plumbing, power, refrigerators, heating, air conditioning, etc.) is better than not having them.
  • It is better to find employment for the poor than to give them regular checks.
  • It is not the government’s role to make new public sector jobs for the unemployed.
  • “Rights” are more about what you should be free *to* do than about what people should be required to do *for* you.
  • Public employees should not, on average, be compensated more highly than private employees.
  • If only some people cannot afford a good or service, it is possible to help them without overhauling the entire industry that provides such goods or services (and making it worse on balance).
  • It is possible to be well-intentioned and do things that appear loving at face-value, but that ultimately make a problem worse; and it is possible to do things that look heartless on the surface, but that ultimately improve a situation.

 

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Posted on September 13, 2016, in Politics and tagged . Bookmark the permalink. Leave a comment.

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