Saturday, May 27, 2006

Reaffirming my view

This article in the Telegraph reaffirms to me why capitalism is good.

"What has caused this massive benefit to the poor? A series of government regulations? A good-looking politician with an easy smile and a "vision"? No. Capitalism.

No single individual did it. Thousands, or millions, did it. They were not directed by any central agency. They just operated in a capitalist system."

"Who invented cars? Who refined their design and manufacture to the point where they are affordable by millions of people? Not governments. The diverse, resourceful, determined power of capitalism.

Why does the system work? Because it provides incentives and motivation. If you invent something, you may get fame and fortune. If you supply food or cars cheaper, you get more customers. Simple enough."

Thanks to Capitalism I drive a refined European car instead of a crap Lada.   Sure capitalism has its faults, but I'm not going to jump on the anti-capitalism bandwagon just because it's fashionable.