The
use of the terms “capitalism” and “capitalist” have taken on
such confused and even demeaning interpretations, that it’s
about time the public got a better understanding of their meanings.
Doing so is essential for the sake of everyone’s pocketbook and well-being.
Look back centuries and you will note that what we refer to as capitalism is tied to property rights. Moreover, property rights are essential to personal freedom. A capitalist is anyone who believes in those basic principles.
You do not have true liberty without property rights. If you believe in liberty in its fullest extent, you believe in capitalism.
Note: There are individuals with huge super-wealth who claim they subscribe to these principles, but also strongly feel that the government can control property rights as government officials in power see fit.
Those governments may be socialistic where all business is run by the state, or a form of fascism, where private companies are closely controlled by the state.
These socialistic and fascistic-oriented, wealthy subscribers, who may call themselves capitalists, are closely involved with the governments and are very influential with these governments. They become a part of the contrived system. That accounts for their preference for state control, which actually enhances their wealth. But they are conceding much of their personal liberty in doing so, in a trade-off for power and influence. (See the Earl J. Weinreb NewsHole® comments.)
Doing so is essential for the sake of everyone’s pocketbook and well-being.
Look back centuries and you will note that what we refer to as capitalism is tied to property rights. Moreover, property rights are essential to personal freedom. A capitalist is anyone who believes in those basic principles.
You do not have true liberty without property rights. If you believe in liberty in its fullest extent, you believe in capitalism.
Note: There are individuals with huge super-wealth who claim they subscribe to these principles, but also strongly feel that the government can control property rights as government officials in power see fit.
Those governments may be socialistic where all business is run by the state, or a form of fascism, where private companies are closely controlled by the state.
These socialistic and fascistic-oriented, wealthy subscribers, who may call themselves capitalists, are closely involved with the governments and are very influential with these governments. They become a part of the contrived system. That accounts for their preference for state control, which actually enhances their wealth. But they are conceding much of their personal liberty in doing so, in a trade-off for power and influence. (See the Earl J. Weinreb NewsHole® comments.)
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