Re: Capitalism Doesn't Work, Mr. Gates?

"Bret Cahill" <BretCahill@aol.com> wrote in message
news:769d62ea-06e2-4061-a202-b65da2d9811e@d21g2000prf.googlegroups.com...
> Rightards might have some credibility if they could answer a simple
> question:
>
> "Does free speech precede each and every free trade?"
****
With true capitalism, the answer is  "yes." Free speech is never prohibited,
unlike in the statist economic systems you fervently admire.

Dennis
>
>
> Bret Cahill
>
>
> "If monied interests pay GOP 'market' economists to dodge issues
> fundamental to market economics, next thing you know, you have a lot
> of market economists dodging issues fundamental to economics."
>
>
>
> > > By Lawrence Kudlow
> >
> > > Bill Gates, bloviating at the World Economic Forum in Davos,
Switzerland,
> > is
> > > issuing a clarion call for a "kinder capitalism" to aid the
world's
poor.
> > > Gates says he has grown impatient with the shortcomings of capitalism.
He
> > > thinks it's failing much of the world. This, of course, from a guy
who's
> > worth
> > > around $35 billion (give or take a billion).
> >
> > > Don't you just love it?
> >
> > > A guy without a college degree who invented a new technology process
in
> > his
> > > garage that literally changed the entire world, a guy who took
advantage
> > of
> > > all the great opportunities that a free and capitalist society has to
> > offer
> > > and got filthy rich in the process, is now trashing capitalism and
telling
> > us
> > > it doesn't work. What chutzpah.
> >
> > > For all his do-good preaching, Gates is ignoring the global spread of
> > > free-market capitalism that has successfully lifted hundreds of
millions
> > of
> > > people out of poverty and into the middle class over the last decade.
> > Think
> > > China. Think India. Think Eastern Europe. (Maybe even think France
under
> > > Nicolas Sarkozy.) Gates wants business leaders to dedicate more time
to
> > > fighting poverty. But the reality is that economic freedom is the best
> > path to
> > > prosperity. Period.
> >
> > > The latest stats out of China are revealing. Here's a country that was
a
> > > basket case not so long ago and today is the world's fourth largest
> > economy --
> > > hot on the heels of Germany, the third largest economy. China just
> > reported
> > > 11.2 percent fourth-quarter GDP, its fastest growth rate in 13 years.
> > Total
> > > output for China is now 24.7 trillion yuan, or $3.42 trillion at
current
> > > exchange rates.
> >
> > > At $14 trillion, the U.S. economy is still four times the size of
China's.
> > But
> > > we've had free-market capitalism for more than 300 years. China's only
had
> > it
> > > for about 15. China is still an undemocratic, authoritarian and
repressive
> > > society that lacks the benefits of political freedom. But it was the
late
> > > Milton Friedman who argued that the onset of free-market capitalism
was
> > the
> > > precursor to full-fledged democratic capitalism. China's on the right
> > track.
> >
> > > Gates says he has witnessed steep income and cultural inequities in
his
> > > travels around the world, in particular to Africa. But for this he
should
> > > blame the absence of capitalist principles, not capitalism itself.
Even
> > the
> > > most compassionate corporate executives are not going to bring
prosperity
> > to
> > > impoverished countries with statist economies. Until Africa's nations
> > > undertake the market-oriented reforms that have boosted China and the
> > other
> > > Asian Tigers -- like South Korea and Taiwan -- they will continue to
rank
> > at
> > > the bottom of the world prosperity scale.
> >
> > > The Heritage Foundation/Wall Street Journal 2008 Index of Economic
Freedom
> > > reveals how free-market economics is spreading like wildfire, while
> > state-run
> > > socialism is on the decline. And it's no wonder why. The free-market
> > countries
> > > are prospering mightily, while the least-free economies are mired in
> > poverty.
> > > We're talking North Korea, Cuba, Zimbabwe and Iran. Also noteworthy is
> > > Venezuela. As the neo-socialist Hugo Chavez attempts to adopt Fidel
> > Castro's
> > > failed economic model, he's sinking his nation toward Cuba-type
poverty.
> >
> > > Economist Mark Perry, on his Carpe Diem blog site, reports that both
the
> > U.S.
> > > share of world GDP and its global stock market capitalization are
> > shrinking.
> > > But this isn't a bad thing at all. It doesn't mean that America is
heading
> > > downward. On the contrary, it means that newly freed economies are
heading
> > up.
> >
> > > The reality here is that the rising tide of global capitalism is
lifting
> > all
> > > boats that employ it. Capitalism works. It's a good thing. It's the
key to
> > > unlocking a nation's prosperity. In fact, free-market capitalism is
the
> > > greatest anti-poverty program ever devised by man.
> >
> > > Another billionaire, George Soros, the Davos partygoer who finances
near
> > every
> > > left-wing political-action group on both sides of the Atlantic pond,
> > recently
> > > wrote in the Financial Times that the era of capitalism is coming to
an
> > end.
> > > Soros, of course, has been predicting this for at least 20 years --
> > through
> > > the greatest world boom in history. And how was it that Soros made his
> > money?
> > > Trading currencies in the technologically advanced world financial
> > markets,
> > > the very same markets that were spawned by 20th century free-market
> > > capitalism.
> >
> > > So I just have to smile when billionaires like Bill Gates and George
Soros
> > > turn cold shoulders to the blessings capitalism bestows. Or when their
> > buddy,
> > > Warren Buffett, broadcasts the importance of hiking tax rates on
> > successful
> > > earners and investors.
> >
> > > Look fellas, the command-and-control, state-run economics experiment
was
> > > tried. It was called the Soviet Union. If you hadn't noticed, it was a
> > > miserable failure.
> >
> > > --
> > > It is simply breathtaking to watch the glee and abandon with which
> > > the liberal media and the Angry Left have been attempting to turn
> > > our military victory in Iraq into a second Vietnam quagmire. Too bad
> > > for them, it's failing.
> >
> > ******
> > Good stuff all around, U. Too bad too many lo-lects 'round here won't
get
> > it.
> >
> > Thanks.
> >
> > Dennis
> >
> >
> >
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> >
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