Posts Tagged ‘north korea’

Economic Crisis 2008: What happened to Creative Destruction of Free Market Capitalism?

We all understand that the free market encourages people towards industry and innovation. When individuals are allowed to gain substantial profit for taking substantial risks, they will provide superior services and goods to those who are willing to pay for them. Free market capitalism has tremendously outperformed command economies like East Germany, North Korea or the USSR. Capitalism has proven itself to be the current most effective method for creating wealth. We also understand that regulation and government is necessary to maintain the integrity and stability of markets. Even George Soros admits that if regulation and oversight didn’t exist that the markets would fail to exist.

The beauty of Capitalism is the fact that it wreaks creative destruction on industries that are inefficient and outdated. If a company does not produce enough profit compared to its competitors it will go bankrupt. The faster it goes bankrupt, the more quickly its resources can be reallocated. This competition and destruction is termed ‘Creative Destruction’ and it helps our economies from stagnating.

I think we all know this and understand this concept. But why has this been forgotten in this current "Economic Crisis"? Why isn’t anyone talking about Creative Destruction as an opportunity? Isn’t it the corner stone of our system? Shouldn’t we be rejoicing and be happy that the dead branches are being trimmed from the tree? Won’t the economy be stronger once all the badly run companies go bankrupt? Won’t this situation teach us how to reorganize our regulations?

Is there anyone who understands capitalism and is happy about this creative destruction?

Jim Rogers said that we are more communist than the communist Chinese. I can’t stand watching the news in the USA. Its like people don’t even know the system they live in. What is your opinion on Free Market Capitalism and the principal of Creative Destruction?

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To those of you who oppose health care reform with a vengeance…?

Can you tell me what ‘freedoms’ or ‘rights’ you may have lost under this bill?

What it has taken away from you on a personal or financial level as of this minute?

Did you lose your citizenship status? Did the United States suddenly change its name to "United Soviet Socialist Republic" overnight?

Are we now a part of Communist China? North Korea?

If it hasn’t, what are you deathly afraid of?

Progress? Change? Living in the 21st century instead of the 19th?

Because what I see is this:

You either make too much money or not enough, and yet you *complain* that having health care reform and having to pay for coverage will just make things *worse*!

Worse for *who*…?

Worse for those whom spent themselves into debt trying to live the high life? Or those of us whom can’t budget responsibly and want everyone else to support them out of habit or blind sympathy?

If you believe that buying an expensive car, and expensive house, and all the fancy materialistic garbage that clutters and fills your place of residence is more *important* to you than having affordable health care, then why should you be the first in the line to *complain*?

After all, you don’t *care*. You simply want the money for yourself to do whatever you damn well please!

It’s not *you* that we are worried about…

But that’s not a loss of freedoms or rights. When the government proposes legislation that allows them to spy on you without just cause, wiretaps your phones, bugs your computers, and searches your premises without the proper warrants…?

*That* is a loss of rights and freedoms! That is fascism!

When the government goes against the people for the sake of weeding out whatever "enemy" they think is hiding amongst us, then we have a serious problem that should be openly addressed.

But when the government comes along to address an issue that has been plaguing this country for decades…?

It’s not evil. It’s not intruding on your privacy, it’s not telling you what to do and how to live, and it certainly is not robbing anyone of their Constitutional rights!

What it is doing is getting the people organized and on a plan to better health and affordability.

Why would you be against being more healthy and having an affordable insurance plan that offers better coverage than what you have before?

For those of us whom can’t live within our means, it’s going to be a hellish nightmare come to life–including those corporate businesses whom now have to start *paying* more coverage for their work forces.

Oh, yes, they are going to go on about how it may bankrupt their precious bottom lines, sap a tenth of their overall profit margins every year, but those of us whom work for these types are going to be a little more secure in the knowledge that Big Business is finally getting put on notice and on the path to greater responsibility for their people; instead of being financially reckless and arrogant.

For those of us whom need this kind of reform, we’re going to be very happy.

We are going to have what we dreamed out!

And while the legislation and its ‘fixer-bill’ companion isn’t perfect, it is the right step towards equality for all.

Better health care, lower costs, less waiting in the emergency rooms, and no more lapses in coverage or ‘droppings’–because we are either sick or have become sick.

Thoughts?

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