It is the most compassionate form of economy known to man.
by Kate Morra
I would posit that the Gilded Age is to be celebrated, as it is a fascinating illustration of what individuals did with the liberties secured by the Constitution. It was an expression of the American people, politically and economically free. Because individuals were able to pursue that which impassioned them and in which their aptitude lay, transformational inventions became a part of daily life.
Considering the current sympathy for Marxism disguised as “democratic socialism,” it has become necessary to revisit some basic facts, one of which is that capitalism is the most compassionate form of economy known to man and, as such, must be fiercely defended.
To begin with, it must be noted that the socialist experiment was tried upon our shores at the very start of the Pilgrim colony, to the peril of such. At least half their number was decimated in the first winter. Why? Their God-given right to the fruits of their labor was ignored, and, inevitably, very little was produced. William Bradford recognized the errors of this governance and plotted out land for each man wherein each would be the owner of what he earned. The colony immediately began to prosper. (READ MORE: The Pilgrims Were the First Socialists)
Adam Smith, in his voluminous 1776 tome The Wealth of Nations, hit the proverbial nail on the head when he speaks of the baker, who, through no altruistic motivation, nonetheless serves the people around him. The self-interested baker is providing bread to others who had not the time to make it, and he is contributing to the economy with jobs, opportunities, lease payments to a landlord, taxes, etc.
Another very important point to embrace is that wealth is not evil. Can it be, and has it been used thusly? Of course. But it has also created the most benevolent nation on earth when calamities befall others in the world.
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