“You have enemies? Good. That means you’ve stood up for something, sometime in your life.” Winston Churchill It’s not always a bad thing to gather enemies by standing up for your core beliefs, those things you value most dearly. While Read more…
Capitalism is based on morality.
It is not based on self-centered greed. Quite the opposite. It is based on serving others.
Capitalism rewards people who serve others and meet their needs. Only after meeting someone else’s needs does the provider get a reward.
In 1995, Margaret Thatcher, Former Prime Minister of Great Britain expounded on The Moral Foundations of Society.
A few of many topics she covered in that speech were the moral foundation of democracy, law, and the founding of the U.S.
Let’s see what she said about Capitalism. Following quotes are reprinted by permission from Imprimis, a publication of Hillsdale College:
The Moral Foundations of Capitalism
Margaret Thatcher passed away today.
In 1990 she gave this great explanation of the difference between capitalists and socialists while being questioned in the Commons.
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=rv5t6rC6yvg]
An obvious socialist asked how she could defend policies that resulted in the gap between richest 10% and poorest 10% widening substantially. The poor were relatively less better off than the rich. How could she justify that?
Her devastating response: (more…)
“Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon.”
Winston Churchill
Crony capitalism consists of economic transactions where profits are the result of being close to power, rather than serving the customer. That is from How Did He Get So Rich? Think tanks Vs. Crony Capitalism, by Alejandro Chafuen, writing at Read more…
Front page article on 3-29-13 quotes the new chairman of the House financial services committee responding to a questioner during his first campaign years ago. The question was whether he was pro-business:
His reply?
“No,” the candidate replied, (more…)