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The New Four Letter Word

The New Four Letter Word

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Published by Michelle Hohmeier

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Published by: Michelle Hohmeier on Aug 30, 2010
Copyright:Attribution Non-commercial


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 The New Four Letter WordCapitalismBy Michelle Hohmeier
Capitalism has become a dirty word in the world. Some countries seecapitalism as a wicked creature that demoralizes those who are alreadypoor, convincing them they will always be the pawns of the rich. Many of ourown countrymen have adopted that same mentality. Whether the view isseen from across the ocean or through our own windows, the notion iswrong.Capitalism and a free market are what made this country the strong,independent nation it once was. It’s a wonder if people even know whatthese terms mean any longer.Capitalism: an economic system characterized by
private orcorporate ownership of capital goods
, by investments that aredetermined by
private decision
, and by prices, production, and thedistribution of goods that are determined mainly by competition in a freemarket.Free Market: business governed by the laws of supply and demand,
not restrained by government interference, regulation or subsidy
Private or corporate ownership. Not restrained by governmentinterference. Really?Is that what you see today in our American free trade capitalisticsociety?Not at all. Barack Obama and his Congress of stooges has boarded theConcorde in an effort to put America on the fast track to socialism. But wecan’t only blame the current administration. The abuses of the free marketsystem have been going on for so long, adult Americans today can’tremember an economy where the government wasn’t involved.It’s a wonder this country survived this long without the federalgovernment interfering in the business of the people. How silly of us“average” Americans to think we’re intelligent enough to manage our ownbusinesses? In the last year, the feds have managed to become bankers andcar dealers and health professionals. Maybe we should hand over all ourbusinesses to them and call it a day. The United States of America was once the most productive country inall the world. In 1905, we had become the richest nation in the world. And wedid that with only 5% of the world’s land area and 6% of the world’spopulation. At that time we were producing over half of all commodities. Howdid that happen? The government allowed the free market system to work asit should.
Where else can a farm boy build one of the largest automobilecompanies in the world, or a kid with ADHD invent the light bulb? In theUnited States. Why? Because capitalism gives individuals freedom tosucceed or fail. Like the light bulb inventor said, “I have not failed. I’ve justfound 10,000 ways that won’t work.” Another quote by Thomas Edison is,“Genius is one percent inspiration and ninety-nine percent perspiration.”At least that’s what I remember being told as a kid. In America, youcan be anything you want to be if you work hard enough. There doesn’tseem to be the atmosphere of a hard work ethic in the United States anylonger. People everywhere are victims and they want their hand out. You hurt my feelings. Gimme. Your people oppressed mine. GimmeMy husband left me. Gimme.I was abused. Gimme.When did we, as a nation, lose our drive to be the best? When did webegin tolerating mediocrity? When did we allow our federal government andlabor unions to dictate how much we should be paid? How hard we shouldwork? Who should be allowed to own small businesses? Who shouldsucceed? Who should fail? Tell us what we have to buy?We’ve fallen asleep people! We’ve allowed ourselves to be bought outby the federal government and their promises of giving us everything we

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