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60 Second Refutation of Socialism
CoyoteBlog ^ | Warren Meyer

Posted on 03/17/2005 2:16:09 PM PST by Semper_Volo

Last week, there were several comments in Carnival of the Capitalists that people would like to see more articles highlighting the benefits of capitalism. This got me thinking about a conversation I had years ago at the beach:

Hanging out at the beach one day with a distant family member, we got into a discussion about capitalism and socialism. In particular, we were arguing about whether brute labor, as socialism teaches, is the source of all wealth (which, socialism further argues, is in turn stolen by the capitalist masters). The young woman, as were most people her age, was taught mainly by the socialists who dominate college academia nowadays. I was trying to find a way to connect with her, to get her to question her assumptions, but was struggling because she really had not been taught many of the fundamental building blocks of either philosophy or economics, but rather a mish-mash of politically correct points of view that seem to substitute nowadays for both.

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(Excerpt) Read more at coyoteblog.com ...


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1 posted on 03/17/2005 2:16:09 PM PST by Semper_Volo
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To: Semper_Volo

Woops, meant to post this under Blogger/Personal. Apologies all.


2 posted on 03/17/2005 2:19:52 PM PST by Semper_Volo
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To: Semper_Volo

Welcome to Free Republic.
That was a pretty decent column. Good luck with your blog (if that is your blog).


3 posted on 03/17/2005 2:22:14 PM PST by Lancey Howard
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To: Semper_Volo
...the true source of wealth is not brute labor, or even what you might call brute capital, but the mind. The mind creates new technologies, new products, new business models, new productivity enhancements, in short, everything that creates wealth. Labor or capital without a mind behind it is useless.

Worth repeating.

4 posted on 03/17/2005 2:22:38 PM PST by jsmith48 (www.isupatriot.com)
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To: Semper_Volo
Interesting piece, but it has one screaming flaw: the innovation you ascribe to England and the Netherlands was preceded by innovation in Italy. It always peeves me to see the incredible creativity of medieval Italy get short shrift in every account of the development of modernity.

Disclosure: I am not Italian.

5 posted on 03/17/2005 2:32:33 PM PST by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: wideawake
Interesting piece, but it has one screaming flaw: the innovation you ascribe to England and the Netherlands was preceded by innovation in Italy

Venice to be precise.
Support for trade with the silk trade route to the east by ship.

6 posted on 03/17/2005 2:54:32 PM PST by Uri’el-2012 (Y'shua <==> YHvH is my Salvation (Psalm 118-14))
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To: XeniaSt

Venice was extremely important for trade, but Florence was innovative for financial products and the whole Tuscany/Romagna/Adige region was extremely innovative in craftsmanship and design.


7 posted on 03/17/2005 3:00:27 PM PST by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: wideawake
Hence the Italian Renaissance.
8 posted on 03/17/2005 3:07:07 PM PST by Uri’el-2012 (Y'shua <==> YHvH is my Salvation (Psalm 118-14))
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