Those who really believe that capitalism works or is the solution to all economic problems ,really can't get out of AYN RAND propaganda literature.
Putting money to work simply to create more money ,only works for those with money . But capital by definition, must be invested and must grow ,in order to remain capital and not savings.
What this means is that it must be invested to obtain ever greater yields and this usually results in the workers and small farmers receiving less for their productivity.
The only standard any economic system can be judged by is: will it help the people? Will it create wealth for the majority ? Will it improve living standards for the masses or will it create a small class of economic parasites looking for opportunities to exploit the powerless?
That's what you have to consider.
But I do approve of private property and family owned businesses, because they are better managed enterprises. And usually treat the workers fairly.
Putting money to work simply to create more money ,only works for those with money . But capital by definition, must be invested and must grow ,in order to remain capital and not savings.
What this means is that it must be invested to obtain ever greater yields and this usually results in the workers and small farmers receiving less for their productivity.
The only standard any economic system can be judged by is: will it help the people? Will it create wealth for the majority ? Will it improve living standards for the masses or will it create a small class of economic parasites looking for opportunities to exploit the powerless?
That's what you have to consider.
But I do approve of private property and family owned businesses, because they are better managed enterprises. And usually treat the workers fairly.
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