Posted 5 years ago on March 22, 2014, 10:31 p.m. EST by friedmanmises
This content is user submitted and not an official statement
I personally do not agree with you. Maybe I'm wrong, but I need to know what key points I'm missing.
In capitalism, one person's decision cannot affect another person unless the affected person agreed to it (ideally). Yet you blame the rich "1%" for your problems. In socialism, which is what many occupiers seem to want, they actually could cause you problems, because they could exaggerate their need or choose to produce less, which would lead to wealth being redistributed from you to them. In capitalism, only your decisions affect you. For example, if you are in debt to a bank, it is not the bank's fault, but yours because you agreed to it. If someone is richer than you, they did not take money from you.
At any time in capitalism, you can choose to try to make people's lives better. You can start a business, create jobs, and sell a product. It's called free trade. You gain money from the people who buy your product, they gain your product (a mutually beneficial trade). You gain help in making the product from your employees, your employees gain a salary. Everybody wins. All actions are voluntary. If a trade is unfair to one person, he/she won't agree to it. This ensures all trades are fair. Whoever helps society the most is paid the most.
it's a system that encourages these kinds of trades, and rewards good decisions. In socialism, regardless of your good (or bad) decisions, you are given the same salary or wealth. This is unfair by itself. Along with that, it encourages bad decisions and punishes good ones, leading to a society were every one makes bad choices and doesn't contribute, except for a few hard-working people who are not enough. I think capitalism is better, because it rewards hard work and good decisions, and other people can't affect you. If I make a bad product in capitalism, no one buys it, and only I pay the consequences. If I make a good product, I will be rewarded, and the people who buy it will be, too. In socialism, if I make a bad product, the person who made a good product will have their earnings transferred to me. I will not learn from my mistake, nor will he be rewarded for his success. Capitalism would give him a reason to continue helping other people and me a reason to make a better product.
America, although now moving away from capitalism, has been the most successful nation in the world. Although there is not necessarily equality in the nation, it is not fair to say that the poor have been hurt. What the poor live with today is far better than what even the rich lived with before capitalism.
Think about it. Was Steve Jobs greedy? Was Henry Ford greedy? If yes, than their greed has helped society. If no, than their selflessness has been rewarded by society. This is why I love capitalism.
Even if you feel socialism is better, I think you should keep capitalism in America, so people like me can enjoy it, and move to one of the many countries where socialism has been implemented. I don't think it's fair to force your ideas on others.
Do you agree with everything I've said in this post? Please let me know, why or why not?