Dr. Seuss On The Economy

Discussion
1

http://globaleconomicanalysis.blogspot.com/2009/06/dr-seuss-on-economy.html

It's not that charity is not libertarian, it is , if it is totally voluntary. It's just that I think that capitalism is the only system that i know of that is both moral and effective.

From what I have observed, in general, especially in small firms, profit making enterprises are about ten times more efficient than non profits. Of course, most non profits are just politically correct for profit enterprises, working for the benefit of the founders and the execs.

Profit , when honest and not coerced, is by defintion a great benefit to society. It means that the person or society making the profit has ordered land , labor , prexisting knowledge and other capital goods in such a way to make something that is valued by other members of society more highly than the original inputs. A profit is the measure of the value that is added to society. It is the accumulation of these profits in material and intellectual form that endowed the american worker with the tools that for decades made her the most productive worker in the world, and thus able to attract higher wages.

Better tools enable higher wages which contribute to the ability of a worker to save and through the miracle of compounded interest, provide for her retirement and the security of her family. It is the predations of taxes, rigged low interest rates, and inflation, that has destroyed this wonderful process that created the emergence of the largest middle class in histrory.

Thus, one should not be shy about promoting the virtues of profit seeking. It is the highest social good.

And besides , as the profits accumulate and abundance reigns, people become more and more long term in their thinking. Are the billions of desperately poor people generally concerned about global warming?

2

I have absolutely no argument against capitalism, profit making, business owners, entrepreneurs, and libertarianism promoting any of these (just look at my Facebook page!). However, I do have a very specific objection to Libertarians giving the general public the impression that those who are clearly outside of the economic network (traditional examples being the destitute elderly infirm, or the abandoned child) are not even on our Libertarian radar screen.

Additionally, private charity is the only remedy against the state increasing its powers by not only taking care of those outside the economic network, but increasing their numbers.

Again, if LPSF "votes" to adopt the attitude that those who the for profit economy cannot reach (examples given above) are on their own, fine; and let our website reflect that general consensus.

Marcy