{"id":7864,"date":"2017-11-16T05:00:01","date_gmt":"2017-11-16T10:00:01","guid":{"rendered":"\/\/www.justrightmedia.org\/blog\/?p=7864"},"modified":"2025-03-28T13:30:49","modified_gmt":"2025-03-28T16:30:49","slug":"531-capitalism-the-best-think-including-sliced-bread","status":"publish","type":"post","link":"https:\/\/justrightmedia.org\/blog\/archives\/7864","title":{"rendered":"531 – Capitalism: The best thing… including sliced bread"},"content":{"rendered":"

\"Capitalism\"

Disturbing poll results (conducted by YouGov) released by Victims of Communism Memorial Foundation have revealed that, as a group, more millennials prefer to live in a socialist country rather than in a capitalist one.<\/strong><\/p>\n

The declining rate of support for capitalism becomes glaringly visible along age demographics (matures: 78%; baby boomers: 66%; gen xers: 57%; millennials: 42%).<\/p>\n

The surprising exception to the trend was found among the youngest demographic, \u201cgeneration Z\u201d whose preference to live in a capitalist society polled at 67%. While that bodes well in terms of changing future attitudes, the simple desire to live under capitalism will not make it so. The world is replete with citizens who desperately wish to live under conditions of freedom, yet that reality eludes them.<\/strong><\/p>\n

Blinded to what philosopher-novelist Ayn Rand boldly proclaimed as \u201cthe unknown ideal,\u201d the failure to comprehend the true nature of Capitalism \u2013 as a moral system \u2013 has been the primary cause of capitalism\u2019s decline in public acceptance.<\/strong><\/p>\n

To compound the problem, preventing the environment of freedom and capitalism that best provides for the General Welfare are competing \u201cPublic Interests\u201d from both business and labor who lobby to get special market favors and privileges from politicians. In turn, those \u201cpublic representatives\u201d expect and get political campaign contributions and votes.<\/p>\n

Thus the ideal economic condition that is capitalism \u2013 a marketplace free from the intervention and coercion of electoral interests<\/strong> \u2013 continually fails to materialize. Worse, the \u201ccrony\u201d relationship between politicians and the targeted interests in whose favor they legislate, falsely comes to be seen as the system known as capitalism.<\/p>\n

Those few voices who do speak out in defense of capitalism sadly tend to restrict themselves to economic arguments \u2013 citing capitalism\u2019s particularly unique record of wealth creation and prosperity unrivaled by any other economic system. While all these claims are valid and true, they do not a convincing argument make. For that, a moral approach is required<\/strong>.<\/p>\n

The war against capitalism continues unabated, and there is a need for more voices able \u2013 and willing – to defend capitalism on principle: the principle of Consent<\/strong>.<\/p>\n

Only then will more come to realize that when it comes to promoting and ensuring the General Welfare, Capitalism is, as always, Just Right.<\/p>\n

<\/a> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Your browser does not support the audio element. Disturbing poll results (conducted by YouGov) released by Victims of Communism Memorial Foundation have revealed that, as a group, more millennials prefer to live in a socialist country rather than in a capitalist one. The declining rate of support for capitalism becomes glaringly visible along age demographics [Continue Reading]<\/a><\/p>\n","protected":false},"author":3,"featured_media":7866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,25,69,5,596,28,120],"tags":[],"class_list":["post-7864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-audio","category-capitalism-politics","category-economics","category-ethics","category-ideas","category-latest","category-socialism","issues-capitalism","issues-socialism-2","category-12-id","category-25-id","category-69-id","category-5-id","category-596-id","category-28-id","category-120-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/7864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/comments?post=7864"}],"version-history":[{"count":4,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/7864\/revisions"}],"predecessor-version":[{"id":15233,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/7864\/revisions\/15233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/media\/7866"}],"wp:attachment":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/media?parent=7864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/categories?post=7864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/tags?post=7864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}