HART: The morality of capitalism versus government

Published: Thursday, May 29, 2014 at 10:10 AM.

“The trouble with Socialism is that eventually you run out of other people’s money” — Margaret Thatcher

 

Inside Barack Obama’s “income inequality and attack the rich” rhetoric, used mainly to sway envy-driven, simple minds, is a dangerous subtext: that capitalism and entrepreneurs are bad. If this continues, and without the brightest business minds in the USA , our country is doomed.

Obama presupposes the evils of capitalism and capitalists to sell his statist/socialist agenda. But the facts are clear: Free-market capitalism is a far more virtuous and moral system than government. We need to separate reality from political rhetoric.

Capitalism did not require $17 trillion in national debt, borrowed from future generations, to advance destructive political agendas and buy votes. If we want to talk about what is "moral" and "just," what our government has done to us with the deficit alone would make the case.

But wait — there’s more.

To see the abundance our historic free-enterprise system has bestowed on us, compare the U.S. to the rest of the world. Travel to any third-world country with a strong central government and a stranglehold on business and witness the poverty, crime and misery spawned in places like Venezuela , North Korea and Cuba .



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