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Where Have All The Capitalists Gone?
WHERE HAVE ALL THE CAPITALISTS GONE? 
Where have all the capitalists gone?
Long time passing
Where have all the capitalists gone?
Long time ago
Where have all the capitalists gone?
Useful idiots have attacked them every one
When will they ever learn?
When will they ever learn?
What is unsatisfactory with present-day academic conditions – not only in this country but in most foreign nations – is not the fact that many teachers are blindly committed to Veblenian, Marxian, and Keynesian fallacies, and try to convince their students that no tenable objections can be raised against what they call progressive policies; the mischief is rather to be seen in the fact that the statements of these teachers are not challenged by any criticism in the academic sphere. The pseudoliberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used. The essential question is not how to get rid of inept teachers and poor textbooks. It is how to give the students an opportunity to hear something about the ideas of economists rejecting the tenets of the interventionists, inflationists, socialists, and communists. Ludwig von Mises
Richard M. Salsman recently wrote an excellent column, Where Have All The Capitalists Gone?, at Forbes blog. I encourage everyone to read the entire article. He gives an answer to why capitalism keeps getting attacked in spite of the deep and dark record of human misery that socialism produces every time it is tried. The answer is that opponents of capitalism agree with the supporters that capitalism is the most productive of all economic models. They are opposed to it because it is morally evil.
So the ones from Karl Marx thru Barack Obama who most people think of as examples of people who have not tried to force their religious belefs on anyone are in fact doing exactly that. They are using the argument that the God of a state controlled economy is not as productive as capitalism, but it is morally superior because it eliminates the right to be selfish and greedy that capitalism cultivates.
It never ceases to amaze me how many useful idiots there are who pine for the good ole days of a plantation feudal society. They scream about how evil those rich people are for being so greedy, and they are unable to recognize the worse evil they are exhibiting, ENVY. This human condition has been present from the brother Cain in the Book of Genesis to present day. I think market competition does correct for anyone who gets too greedy. Mr Salsman concludes his column with this conclusion:
Persistent animosity toward capitalism today rests on moral, not practical grounds. Unless rational self-interest is understood as the one moral code consistent with genuine humanity, and the moral estimate of capitalism thus improves, socialism will keep making comebacks, despite its deep and dark record of human misery.
Cross-posted at RedState
Efforts to Block Job-Killing Tax Hike Make Dem Leaders Positively Unjolly
For Lame-Duck Dem Leaders, Pride — And Joy — Goeth Before The Fall; Republicans Focused on Pledge to Cut Spending & Stop All The Tax Hikes
Washington (Dec 6) Even the good tidings of the holiday season do not appear enough to keep lame-duck Democrats from being downright grumpy over Republicans’ efforts to stop a job-killing tax hike on small businesses before it can take effect on January 1st:
- POLITICO highlights “…some grumbling from Democrats that they won’t be particularly pleased with the likely outcome.”
- The New York Times discusses “bitterly frustrated Democratic Congressional leaders” and notes that “many other House and Senate Democrats voiced deep unhappiness at the prospect” of stopping all the tax hikes.
- The Los Angeles Times tracks Democrats’ desperate “search for leverage” and reports that “the Democratic base has grown disenchanted and restless over the tax-cut debate.”
- The Washington Post says “many in the House are particularly agitated by the ongoing negotiations…”
- The Wall Street Journal talks about “House Democrats, unhappy with concessions the White House seems prepared to make…”
While Democrats fume over bipartisan rejection of their job-killing tax hike, Republicans remain focused on keeping our pledge to America
to cut spending and permanently stop all the tax hikes.
- Reuters notes that “Republicans … want rates unchanged for all taxpayers. They say the uncertainty over taxes discourages investment and hurts job growth as the economy recovers from the worst recession since the Great Depression.” The uncertainty does hurt job growth: as the president of the Richmond Federal Reserve has said, “the continuing uncertainty about tax rates for 2011 … business planners may be finding it more difficult than usual to project economic conditions or the financial implications of prospective hiring and investment commitments.”
- On Friday’s Hardball, Huffington Post’s Howard Fineman said, “The Republicans are incredibly disciplined about describing Democrats’ position as a job-killing tax hike.” That’s because that is Democrats’ position – even now in the middle of a weak economy bogged down by rising joblessness, even after the November jobs report.
To get our economy back to creating jobs, we need to cut spending and stop all the tax hikes. The clock may be winding down on Democrats’ hold on power in both houses of Congress, but there’s still time to do the right thing for families and family-owned small businesses, and, of course, to bring comfort and joy.
