The discussions the last few days around the “Occupy Wall Street” crowd has resulted in some interesting thoughts coming out on all sides. A few weeks ago (months ago?) Mr. Stella claimed that I must know that Capitalism is a failed enterprise because I refused to answer Noam Chomsky’s claim that capitalism would not survive for five minutes without government. A claim that tonight I call nonsense. And I will tell you why, Mr. Stella. It is because in the first place, what Chomsky refers to as capitalism in most of his “intelligent” discussions is actually nothing more than a convenient manipulation of the definition of capitalism in order to fit his argument.
Let’s Get Chomsky Out of the Way, Then we can Deal with Capitalism
Capitalism… Day Two
I have to tell you all how disappointed I was to not have time to participate in the discussions around the “Capitalism vs. Communism” article last week. Work intervened and I have failed over the last few weeks to maintain that work/life balance thing they way I should. But today I offer article number two around the idea of capitalism and do so with a caveat. I promised a short article that explained where I think capitalism falls short. And that is what I will offer. At the same time, in the comments below, I will try to offer some answers and replies to the comments from the previous article. There were some good points made, and there were also some ridiculous points made. I will attempt to offer what I can to both. So first, A few thoughts from me around where capitalism is falling short.
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Capitalism v Communism
In having some discussions with people over the last few days it has blossomed in my mind the idea that many of those who so vehemently lambast capitalism have no understanding what capitalism actually is. As a result they attack and attack using examples and historical incidents as justification for ending capitalism when those examples are no such justification. So I feel like I have to write this article to clarify that point, to help those who are floundering with those conversations gain some understanding of what my belief is in capitalism. Further it will help those who attack it understand why I refuse to accept the idea that some form of communism/socialism/fascism because it is not only immoral, but is also far worse for any people who aspire to live free.
Why One is the Choice of the Free While the Other leads to Slavery
In a Return Appearance….
OK, a couple of weeks ago I gave my forum over to one of my biggest opponents on the issues, Black Flag. He had written a very good post about economics that I thought was relevant and good for everyone to read. The response to his article was very positive. The discussions that ensued were respectful and productive. One of the things that I have realized over the last couple weeks is that Black Flag has a very good grasp on economic discussions and always adds insight that is productive and thought provoking. So I have asked him to make a return appearance as a guest commentator. And he graciously accepted the invitation and took the time to write another article.
Guest Commentary from Black Flag
Guest Commentary: Life of Illusion Weighs In
Tonight’s Guest Commentary from Life of Illusion