Where would we be without trains and shipping and a wealthy Vanderbilt?
Where would we be without oil and a wealthy Rockefeller?
Where would we be without steel and a wealthy Carnegie?
Where would we be without banking and a wealthy Morgan?
Where would we be without cars and a wealthy Ford?
Where would we be without computers and a wealthy Gates?
Where would we be without mobile devices and a wealthy Jobs?
Where would we be without all of the marvelous items and services provided by people who took risks and invested greatly in them. Would we give it all back in order that some would not gain wealth? These are but a few of the more famous examples of people who got wealthy making our lives better and more prosperous.
The profit motive is great and leads to great things that make our lives more prosperous, efficient, healthy, and yes, wealthy. Capitalism has raised more people from poverty than any other economic practice. Doubt me? Look at what poverty is in the USA today. Homes with indoor plumbing, heating and air conditioning, cars, refrigerators, microwave ovens, cell phones, cable TV, and much more.
Thomas Sowell, Ph.D. Economist, wrote:
"But would we be better off if people like Bill Gates and Steve Jobs had
never created things that widened our access to opportunities and
enriched our lives, just because it also enriched theirs?"
Socialism in various forms has led to the deaths of millions of people and many nations. Why would anyone want to go there? What makes America great is freedom to invest and work as you choose with an opportunity to succeed to greater levels.
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