I am not an economist. I am not an expert in the field of finance. I am not a business man. Nevertheless, I have observed that human beings need goods and services. The best providers of goods and services are human beings. They need to be free to exercise those provisions. Government vs the private sector is an issue in our country these days. It appears to be an issue in the election of the President of our free and great nation. I was reminded of the relationship between capitalism and freedom by the quote below. Is it really true that "economic progress and political freedom are natural partners"? Is socialism really a policy of "unrestrained intervention."? Apparently a Professor of Economics by the name of Michael Rothschild does think so. Here is one of his quotes addressing the matter:
"Fortunately, political freedom and economic progress are natural partners. Despite capitalism's lingering reputation as the source of all the world's evils, the fact remains that every single democracy is a capitalist country. Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. Socialism collapsed because it is a policy of unrestrained intervention. It tries to fix what is 'wrong' with the spontaneous, self-organizaing phenomenon called capitalism. But, of course, a natural process cannot be 'fixed.' Socialism is an ideology. Capitalism is a natural phenomenon."
Michael Rothschild
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment