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Monday, September 24, 2007

If not capitalism, then what?

Are the economic problems in the U.S. an indication that capitalism is a failure? I think not, and say so in my most recent Tri-City News column. Debating partner Mary Woo Sims, on the other hand, sees an ill-defined "third way" as the solution to the world's economic problems.

Posted by Terry O'Neill on September 24, 2007 in Current Affairs | Permalink


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I tried making a list of all the economic success stories of socialism and communism but unfortunately I could not find a single case. No matter though since we keep being told by those of a certain persuasion that socialism and communism are good and capitalism is bad.

Posted by: Alain | 2007-09-24 9:47:15 AM

First thing that caught my eye was your statement about Ms. Woo Sims' concerns regarding: "...her musings about the sad state of the U.S. economy."

If I have a knock out winner of an idea for a business venture (and a lot of guts and energy), I can bring it into existence, become wealthy, employ lots of people with great confidence, in the USA. GUARANTEED. You really can do it here, and you never have to break a law, pay a bribe, cheat anyone, fail to calculate-declair-pay your taxes, etc. etc. AT ALL.

A friend of mine returned from a little vacation in Eurpoe yesterday. She says that the Germans and French really "hate us" and the Poles and Chechs "love us."

I really don't think it is the War.

I think OLD EUROPE (remind me to send a Thank You card to Donald Rumsfeld) is still mired in Socialism-negative-envy-get-even mentality, whereas NEW Europe actually never chose that rubbish for themselves and they are leaving it far behind forever.

The problems with America's economy relate to Bush' failure to honor our fundamental cultural Rule of Law regarding illegal Mexican immigration, which he probably did for cash bribes and because he really never understood America in the way that a Ronald Reagan, of the rich and famous Reagan family did.

My (spectacular, wonderful, brilliant, sainted) son, really likes Rudy Guiliani as candidate for President. He likes him because Rudy's father was in prison in America. That is a credential or a resume' line that says a lot about somebody's background-formative experiences.

I have a friend who is presently in jail here in America, who shouldn't be, and I think Bush should be in jail, pending his public hanging for his illegal immigration Treason, but he isn't, YET.

The media people think they are the king makers now with the phony McCain-Feingold perversion of our American right to freedom of (mainly political) speech.

Don't form your ideas about America from the "main stream media" regarding our economy or politics, unless you too are currently enjoying John Kerry's much poll-predicted Presidency.

We will get rid of the illegal aliens and the other perverted ideas of phony creepy big government and our economy will be fine.

Come and visit us while the currency values are favorable.

Posted by: Conrad-USA | 2007-09-24 9:52:47 AM


One thing about the Poles and Czechs.

They have plenty of experience with the People's Republic model of ‘democracy' and they understand that the US remains a shining beacon of individual freedom and creativity.

There is some hope for France with Sarkozy at the helm. His statements about Iran make Bush sound like a flower child.

Just bought an item on ebay from a Cincinnati outdoors supplier for $195 US.

Best price in Canada was $305.

Gotta love the strong loonie.

Posted by: set you free | 2007-09-24 10:22:46 AM

The problem with Capitalism is when Government gets involved and starts to subsidize businesses. Let the free market do its job.

Posted by: merriman | 2007-09-24 6:38:57 PM

merriman - then it is no longer true capitalism in my opinion. That however is an on-going we have in the West with all governments of all stripes determined to interfere in the name of management in the economy. Thus we get minimum wage, state imposed "diversity" and every other state concocted regulation from banning smoking to whatever.

I agree let the free market decide and do its job.

Posted by: Alain | 2007-09-24 10:21:12 PM

With the Fed and ALL the regulations that the US has, I would agree that true capitalism is not present in the US. Then again, it's not present anywhere, is it? The US is the closest we can get.

Posted by: Cynic | 2007-09-24 10:30:17 PM

"The problem with Capitalism is when Government gets involved and starts to subsidize businesses. Let the free market do its job."

Agreed. NO MORE MINIMUM WAGE LAWS, either! Let the market determine what wages are paid.

Posted by: obc | 2007-09-25 6:15:33 AM

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