According to "TedBits Comentary" 3/12/10 an Email newsletter:
CLICK HERE to go to the latest issue of TedBits.
Capitalism is disinflationary[hold on it's not that bad]--it provides more goods and services for less money, because entrepreneurs freely compete for customers.
Socialism creates less goods for more money because of regulation and the elite
monied through legislation and tax manipulation get the customers.
"Ever widening circles as the last vestiges of wealth creation are destroyed and fed to the elites, their government lap dogs, crony capitalists and their something-for-nothing constituents in a failing effort to rescue themselves. on everyone’s plates. Everyone wants to be paid and have free healthcare, but no one wants to work, make products people want to buy at reasonable prices or compete in the world except for public servant with HOTAIR lip service, it is a recipe for disaster! Fights over decreasing income are unfolding [unfold] between the public versus the private, as there is a little less food."
America used to be the capitalist nation of the world. As a sage recently said America is not capitalist, because capitalism requires capital and all we have is debt.
Is capitalism dead? Yes, in America for several more generations. But in the developing nations , no. The future belongs to Brazil, Russia, India, Maylasia and African principalities. Capitalism is alive and well in many of these developing countries while the G7 countries are languishing in past glories. They will own America.
With Love and Kindness,
THE HATMAN
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