Showing posts with label Economics 101. Show all posts
Showing posts with label Economics 101. Show all posts

Thursday, October 13, 2011

A Failure to Educate…

What we are seeing with the “Occupy Wall Street” crowd is the result of a failure to educate our citizens properly at the elementary and high school levels. It is embarrassing to listen to these protesters who have little clue about capitalism or the reason they exist in this world.

One of the protesters was asked if you want to change the capitalist system, what would you like to replace it with? The blank stare said it all. The student had no idea what the alternative should be and I would guess didn’t even understand how capitalism actually works.

This country is the greatest economic and moral engine of the world. It is the greatest economic engine because we have a capitalist system. We are a beacon for the world because our moral foundation is based on Judeo Christian values. We have a constitution that limits the federal government from infringing on both of these attributes but the current administration along with previous administrations have ignored these limits therefore giving us the malaise we are currently in.

We spend too much time teaching about recycling, diversity, and political correctness and not enough time on the American history, economics, the constitution, and American values.  We need our kids to be taking a full four years of American history, the constitution, and the capitalist system of economics in High School. Too many schools can’t even teach kids to read by the time they graduate High School. Colleges are now forced to have remedial programs in order to accept certain students.

The United States has been the means of good in the world because we have values and an economic system that enables us the free time to worry about others. Our religious institutions are an engine of compassion. To protest against the foundation of our success is ignorance.

What these Occupy Wall Street people need to realize is the reason they are unemployed is the fact that the capitalist system is being undermined by an out of control government. They should be in Washington DC not Wall Street or Main Street. It is not Wall Street “fat cats” that are the problem. It is politicians and business executives that are stealing tax payer dollars and conducting “crony capitalism” that should be the target of the protest. The problem resides in DC. If these people had the proper education they would be in the Tea Party.

Success begins with education and there are many schools that do an OK job. But the public system needs to be completely overhauled and handed back to communities to control. The federal government has been destroying the family, the economy, and personal accountability for long enough. We need to take back the education system because that is the root of the problem.

Ignorance is not bliss when it comes to the history and future of our country…

Wednesday, September 7, 2011

Stupid is what Stupid Does…

The ability to think has been lost by too many individuals in this country. It is harder to think than to feel which is why we have so many feelings getting in the way of intelligent analysis. The economy is about to crash and every thinking man and woman can see it coming but yet we stand by watching as if it were a car wreck on the side of a highway.

How do you grow the economy by taking a dollar out of one man’s pocket and putting it into another man’s pocket? All you accomplish is taking one dollar from one man’s pocket and put it into another man’s pocket. Think about it. What has been created? Nothing is created and never has been in the redistribution of wealth. Hence the word redistribution, otherwise it would be called creation of wealth.

The creation of wealth comes when an individual, small business or corporation develops a new piece of software that does something new; create a new product or service that individuals in the market place find valuable enough to part ways with their dollars to purchase it. Take the iPod for instance. When the iPod was created it was a cool new way to store and listen to music. People bought them by the millions. Musicians sold more music. Accessories for iPods exploded like cases and night stands with speakers and all of these new products had to be manufactured, distributed, and sold creating jobs, jobs, jobs.

The creation of wealth creates more wealth as the market builds off of the new products that get introduced. Clever individuals take the ideas and build off of them, sometimes as competitors, and other times as collaborators to improve the product or service. There is no take one dollar from one and giving to another, it is ideas, products and services generating new wealth and the dollars exchanging hands are for the market value of that product.

The concept is really easy to understand if you think about it. It is not a feeling but a real concept. The people in our government right now are stupid. That’s right stupid. The definition of stupid: Slow to learn or understand; obtuse, tending to make poor decisions or careless mistakes, marked by a lack of intelligence or care; foolish or careless.



The product of our political discussions is class envy and a division of the American people. We have the makers and the takers. The people that are makers are under attack and their money is being taken to be given to the takers. The takers are simply using those dollars to sustain their lives. There is no creation of new products, services, or God forbid an idea. If we were to stop taking from the makers and left those dollars with the makers and they make things, jobs would be one of the results (I will avoid the moral argument).



Government is the agent of the takers and yes some makers. But mostly the government is in the business to take from the makers to give to the takers. That destroys jobs. Hence the economy we are in. And even when Government gives to the makers like “green energy” projects, the makers that become takers have broken a golden rule of successful makers; there needs to be a market place of willing individuals to buy what you’re selling. You can’t force people to by stuff they don’t want, yet.



So the only conclusion you can come to if you are a thinking individual is we are being represented by stupid. Stupid is what stupid does…