What can you say? The stock market had a horrible week, and it was one of the largest sell-offs in American history. Not to mention, the government is buying a percentage of a group of U.S. banks. This is the first time the government has done something like that since the great depression. The worst part is that government continues to meddle in the free markets, and this country is coming closer and closer to socialism. I have had people comment on here in the past asking me why I am so opposed to the United States becoming a socialist country, and the answer is simple. Socialism puts economies in stagflation. The government controls the price of goods and services rather than supply and demand. The government controls your health care, and they control who consumes what and how much they consume. The government controls your life, because the economy is centered around your life. The economy stalls and suffers for a long period of time rather than a cycle of time. You cannot look at our economy year by year. If you do, you’ll see times of great economic growth and times of great economic recession. You must look at our economy from a bird’s eye view to see the success of capitalism on our lives and the health of the country.
Government officials LOVE socialism, because it centralizes the power to the federal level. When you look at socialism around the world, there are some countries off the radar that do fine with it including Canada and Sweden. And then there are countries like North Korea, Venezuela, and Cuba that are all run by dictators with a socialist economy. This is not a coincidence, because dictators must control everything at the federal level, and socialism is the economic philosophy of choice. The fact that we have our government buying stake in privately run United States banks is a scary thing. It’s one step closer to socialism and one step closer to you losing more freedoms as a citizen of this great country.
What can we do? Vote for government officials that run a campaign committed to promoting limited government and capitalism. Capitalism is the philosophy that works. If you take one year and say, “oh, capitalism didn’t work then”, you are ignorant and don’t know what you’re talking about. Capitalism works over a long period of time with periods of highs and lows, because the market corrects itself. Socialism sounds so great, because it promotes economic equality for all and stealing from the rich to give to the poor. But, it doesn’t work, because economic prosperity is not a right. It’s something that you work for, and it shouldn’t be given to you. You should be rewarded for great performance and punished for not working hard and not providing a quality product or service. The government has bailed out AIG and many others for poor decision making when they should be getting punished for the decisions they made.
Think about this over the weekend, and comment about where you stand with your economic philosophy. Before you start cramming down my throat why socialism is the “fair and equal” way to handle the economy, think about what it really means. Think about how it won’t motivate ANYONE to work hard and produce quality goods and service. Because when it comes down to it, we are motivated in the work place to make a profit, and this motivation causes us to be the best we can be and strive to produce goods and services that people want, need, and desire.