The topic on my mind today is the great cry from the liberals to do away with capitalism. It has been suggested that people with high salaries take drastic pay cuts to enable the government to re-distribute the money equally to lower paid people and thus lift and/or lower everyone to what would be considered a comfortable middle class income. It might could be legislated, passed and signed by the president but would it work for the greater future of the United States or the World if we have a world government.
As I think about history and the world I grew up in and studied about it in school, when schools actually taught things like reading, writing and arithmetic and history, I do not think socialism would benefit our future. Socialism has failed in every country where it has been tried and tens of thousands of dissidents, those against it, were killed and buried, mostly the educated who could think of better ideas.
As I remember history, I do not remember all of the capitalists of the world and it would take me a long time to look them up so I will just mention a few examples. I cannot remember the person who invented the steam engine but it was surely a capitalist and the steam engine carried industrialization of England and the United States a long way. Then Eli Whitney invented the cotton gin and he had to have been a capitalist. Someone else invented the weaving loom and gave us cloth to make more clothes. Then Marconi invented radio. Lee De Forest gave us the vacuum tube greatly improving the radio and giving us CBS, NBC and Mutual Broadcasting Co.
Do not forget Thomas Edison and all of his inventions, the light bulb, recording machine, motion picture machine. All of his inventions were improved as time went buy but so was Henry Ford’s invention, but who drives a Model T Ford any more. To put in a good word for Henry Ford, I would like to say that he started a trend culminated in the largest bunch of capitalists in America: General Motors, Chrysler Corporation, Oldsmobile and all of the different models of automobiles built by those giant corporations.
How about washing machines, clothes dryers, electric stoves, water heaters, and televisions. You can bet your bottom dollar they too were made by capitalists. Here I sit in front of my computer not really satisfied with my inability to remember enough things capitalists were responsible for but then I wonder…if it were not for Bill Gates, would I be sitting here at a computer. I have owned more computers than I can remember since 1980. Texas Instrument, Commodore 64 and 128, four apple computers by Steve Wozniac and Steve Jobs. They started in their garage but soon became capitalists as personal computers became popular. In addition, because of computers and other electronics, Silicon Valley made more millionaire capitalists than anywhere else in the world. We had dumbed down so many young people in our pitiful schools that many of the millionaires were from Japan or India.
To have said all this just to make a very simple point about capitalism and venture capitalism. If it were not for capitalism, we would all be living in wooden shacks, farming with horse and plow, riding in wagons (because buggies were made by capitalists), going to school in one-room school house because farming doesn’t generate enough income to pay for big schools and colleges. We would have to barter for more than we had money to pay for. We would sleep cold at night, hot in daytime, wear hand woven clothes of what ever we could afford to have made. Shoes would be more uncomfortable and un-stylish.
I have seen pictures of Russia in its hey-day and they were not very nice to look at. Ladies standing in line hoping there would be enough food left on the shelves when they got into the store for them to buy for dinner. With their socialized government-owned farms, not enough food was being produced to feed the people. Socialism failed in Russia because it could not generate enough capital to compete with the United States militarily. Their goal was and I believe still is to spread socialism throughout the world. With our current president and the apparent mindset of many people, I am afraid we are headed that way at an accelerated pace.
Do not forget Thomas Edison and all of his inventions, the light bulb, recording machine, motion picture machine. All of his inventions were improved as time went buy but so was Henry Ford’s invention, but who drives a Model T Ford any more. To put in a good word for Henry Ford, I would like to say that he started a trend culminated in the largest bunch of capitalists in America: General Motors, Chrysler Corporation, Oldsmobile and all of the different models of automobiles built by those giant corporations.
How about washing machines, clothes dryers, electric stoves, water heaters, and televisions. You can bet your bottom dollar they too were made by capitalists. Here I sit in front of my computer not really satisfied with my inability to remember enough things capitalists were responsible for but then I wonder…if it were not for Bill Gates, would I be sitting here at a computer. I have owned more computers than I can remember since 1980. Texas Instrument, Commodore 64 and 128, four apple computers by Steve Wozniac and Steve Jobs. They started in their garage but soon became capitalists as personal computers became popular. In addition, because of computers and other electronics, Silicon Valley made more millionaire capitalists than anywhere else in the world. We had dumbed down so many young people in our pitiful schools that many of the millionaires were from Japan or India.
To have said all this just to make a very simple point about capitalism and venture capitalism. If it were not for capitalism, we would all be living in wooden shacks, farming with horse and plow, riding in wagons (because buggies were made by capitalists), going to school in one-room school house because farming doesn’t generate enough income to pay for big schools and colleges. We would have to barter for more than we had money to pay for. We would sleep cold at night, hot in daytime, wear hand woven clothes of what ever we could afford to have made. Shoes would be more uncomfortable and un-stylish.
I have seen pictures of Russia in its hey-day and they were not very nice to look at. Ladies standing in line hoping there would be enough food left on the shelves when they got into the store for them to buy for dinner. With their socialized government-owned farms, not enough food was being produced to feed the people. Socialism failed in Russia because it could not generate enough capital to compete with the United States militarily. Their goal was and I believe still is to spread socialism throughout the world. With our current president and the apparent mindset of many people, I am afraid we are headed that way at an accelerated pace.
I hear more cries from the Unions and other people every day that we need to do away with Capitalism. They make statements such as: “Capitalism steals your money via politicians, taxes, products, services, shops, food, fuel, musicians, celebrities, films, sports, banking, TV, the internet, etc.” Carl Marx said, “Religion is the opiate of the people.” In my lifetime, I have seen our country go from “One Nation under God,” and “In God We Trust” to a country where Christians are called racists and terrorists and any public form of religious expression is denied us in the name of separation of church and state. In 1956, Nikita Khrushchev said: “we will bury you without firing a shot.” His prediction seems to be coming true.
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