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Hot And Trending...
Trending
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- #JanetYellen said the Fed's jobs is to make sure jobs are available for those who want them. Just how is the Fed supposed to do that?
- In memory of my father Irwin Schiff, who died 1 year ago today, listen to this radio show aired on Father' Day 2005. https://t.co/dpLBvG6CZu
- Myths about the "owners of capital"
- Question regarding Spending vs. Saving to improve the economy
- Announced layoffs surged 43% in Sept. to 58,887, pushing total layoffs for the 3rd quarter up to 205,759, the highest number in 6 years!
- The Aug. Empire State Manufacturing Index plunged to -14.92, its lowest level since April 2009, missing expectations by the most since 2010!
- Can entrepreneurs counteract bad government?
- The Atlanta Fed just dropped its Q3 GDP estimate to 2.2%, down for 3.8% a month ago. The Fed's alleged case for a rate hike is fading fast!
- Check out my interview about gold, inflation, and government propaganda on MSNBC http://bit.ly/1IzU4VE
Friday, February 26, 2016
Capitalism vs Socialism (economic theory)
Please take the time to read this. Capitalism works because it is a natural extension of biological evolution. The laws of nature govern the free market of capitalism. Socialistic ideas contradict the logic of our evolutionary past. The development of our species has taught us that the “survival of the fittest” scenario is the catalyst for evolution, innovation, and collective longevity. Capitalism chooses not to ignore the valuable lessons learned from our evolutionary history; instead it chooses to embrace them, ensuring its survival. Never confuse equality with fairness. The laws of nature that shaped our evolution dictate that individual survival is based on the ability to acquire nutrients and avoid exposure. And the quality of that survival is based on aptitude. This model is reflected within capitalism. The quality of your survival in the free market is based on your aptitude for production. The answer to the question of capitalism vs. socialism lies within another question. Do you want an equal society or a better society?