“History has proven time-and-again that capitalism works and socialism does not.”
Capitalism is the best economic system so far in the history of man. It is also true that Obama is ignorant of both history and economics...or he (and others) would understand that our problem is not primarily an economic one. It is a spiritual problem above all. For capitalism to work well, the people must be moral and upright before God.
If our nation does not seek, ABOVE, ALL leaders who seek the help of God, if we don’t reverse our course from being the culture of death...back to being the culture of life and we begin to seek God once more for help in becoming a moral and good culture with people who no longer ignore God....then things will get FAR worse than they are now.
History testifies to this.
What happens in this country will not merely involve our leaders. It will involve all of us. We ALL have choices to make.
“It being the indispensable duty of all nations, not only to offer up their supplications to Almighty God, the giver of all good, for his gracious assistance in a time of public distress, but also in a solemn and public manner to give him praise for his goodness in general, and especially for great and signal interpositions of his Providence in their behalf; therefore, the United States in Congress assembled, taking into their consideration the many instances of divine goodness to these states, in the course of the important conflict in which they have been so long engaged; the present happy and promising state of public affairs; and the events of the war in the course of the year now drawing to a close, particularly the harmony of the public councils, which is so necessary to the success of the public cause,…do hereby recommend it to the inhabitants of these states in general, to observe, and request the several states to interpose their authority in appointing and commanding the observation of Thursday, in the 28 day of November next, as a day of solemn thanksgiving to God for all his mercies: and they do further recommend to all ranks, to testify their gratitude to God for his goodness, by a cheerful obedience to his laws, and by promoting, each in his station, and by his influence, the practice of true and undefiled religion, which is the great foundation of public prosperity and national happiness.
Done in Congress at Philadelphia, the eleventh day of October, in the year of our LORD one thousand seven hundred and eighty-two, and of our Sovereignty and Independence, the Seventh.”
Our prosperity comes from God. What we choose to do can destroy or enhance our prosperity. As our founders said in the above quote...the PRACTICE of our religion is the FOUNDATION of our prosperity. They were right!
And actually, capitalism really isn't even a system...it's just the freedom of the individual to sell his services or what he produces to another individual who has the freedom to acquire them.
Furthermore, IIRC the term "capitalism" was first used by Engels as a way of insulting the idea of a free market economy (i.e. free markets were "controlled" by those rich fat cats who have "capital").
There were threads on FR yesterday which focused on more recent events as likely sources of the significance of the choice of venue for such an attack on freedom of individual enterprise (often described as capitalism) and an American president's preference for, and embracing of, the coercive ideas which underlie oppressive government planning and control in economic matters.
The place chosen for this outspoken preference for the latter model, yesterday's threads on FR revealed, may be more aptly linked to the 70's seedbed which produced the speech. here and here.
Following the links on the latter site and reading the articles in that issue of the newsletter, if factual, are cause for concern among freedom lovers.
We should remember that we are discussing the economic dimension of liberty when we talk about these things, and that liberty, once lost to government officials who view themselves as more knowing and more caring than the people they are to serve, may never be regained.