Yes. Hong Kong baby. This small island was nothing more than a fishing village not that long ago. When the Island of Hong Kong was given back to China from the British, China took a “hands off”(translation: laissez-faire) approach — what happened is pictured below. With near laissez-faire Capitalism, there is no government safety net, or very little, and regulation is almost non-existent. Yet people flocked to this little fishing village in droves. But, for what? Certainly not to live under socialist or statist policies — there were none. They went there because it was economically free. And the results are difficult to ignore, even if predictable.
Taking a look around the world, you see that countries and economies are successful to the degree that they have freedom(Capitalism), and are free from government coercion, regulation, taxation, etc. All first world countries today are a mixed economy, and consequently, they produce mixed results.
It is consistently clear that Capitalism delivers the goods, even to the passive observer. No reasonable person would or could argue that it doesn’t. So why is it that the major general trend is to continuously move towards more and more statism??
People reject Capitalism(with their votes, contrary to their best interests) based on the ethics and morality that Capitalism necessarily requires.
Free markets are all about self-interest. People view self-interest as unseemly, or worse. When you trade, you only do so if it benefits you — both people believe they will benefit from each exchange in a free market, or they would not do it. That, as ridiculous as it sounds, is the reason people reject Capitalism. People are convinced of an altruist and collectivist morality, which glorifies self-sacrifice and requires that individuals sacrifice themselves to the “greater good,” and preaches that they are not entitled to live for themselves, that they must sacrifice and live for others to be considered moral.
The archaic “morality” of altruism and the communist/socialist/leftist ethics of collectivism is what people reject Capitalism based on.
But I just have just one question for altruists and collectivists. One teeny tiny question. …Why?? Why shouldn’t people live to pursue their own values? Why should they live for other people and not themselves? There is no rational answer to that question.
The ethics of self-interest are the only way to rescue Capitalism from the left. A culture which upholds sacrifice/altruism and collectivism as its highest values can only end one way — totalitarianism, communism, national socialism, fascism(all essentially the same extreme left political system, slight variances). It is profoundly moral to live to pursue your own values, not someone else’s.
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