For most of the recorded history of civilization, wealth has been controlled by the state. In feudal systems, a king or other ruler owned and controlled everything. In a socialistic system, a ruling elite or committee owns and controls everything. In either system, individual aspirations were limited to the good graces of the rulers. In other words, the common person could only advance in life as far as the people at the top would allow.
About 400 years ago or so, a new economic system started to evolve called merchantism. This was a system of international trade by merchants in the markets, in today's world it would be WalMart or KMart. This international trade fell outside of the scope of control of the kingdom in which the merchants resided. It was the first time in history that individuals, common people, were able to acquire wealth and power without being born into a gentry. It was the first time that common people were able to acquire the means to educate their young, to buy the home of their choice, to wear the fine clothes of the elite. Merchantism created a class of people that never existed before, the middle-class.
The success of merchantism in lifting people into prosperity was the basis for the eventual evolution of capitalism. Capitalism is individual ownership and control of wealth. In a capitalistic system, each individual is afforded the same power that was once limited to the king or other such ruling class.
Only under capitalism are the individual liberties and freedom on which this country is founded guaranteed. Only thru capitalism can the populace control its government. Once individual control of wealth is ceded to a government, the government has the power to coerce its populace. Once you depend on your government for your basic needs, you have lost your freedom.
You don't have to go far to see what I am talking about. Venezuela has recently adopted a socialistic government. Just this week, the government banned an opposing TV net from broadcasting. All power in Venezuela has been ceded to the government. Individual freedoms are being eliminated.
2007-06-02
03:04:43
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21 answers
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asked by
Perplexed Bob
5
in
Politics