The ability to keep, trade, or give away, the proceeds of labor by individuals is the second key to the moral and functional success of capitalism. When the property rights that were given by God and affirmed in the commandment, “Thy shall not steal” are acknowledged and protected by law, everyone has the opportunity to trade their labor or something of value for something else of value. The use of currency and bank accounts allows a person to store the proceeds of their labor for future use and future transactions.
Capitalism is not greedy anymore than socialism is greedy. Individuals who are greedy will be greedy regardless of the economic system. However, socialism does not account for the relationship between giving and getting that has always existed in God’s plan. In fact, once socialism is established as the economic system of a country, individuals actively begin trying to get more than they have to give. But in capitalism there is a direct relationship between giving and getting. The more the individual gives, the more the individual gets.
Individuals who choose [remember free will] to work harder, or work smarter, or work longer, or be more creative, are rewarded more than individuals who choose to do less. Some people start life with a head start by being from a wealthy family, or having good looks, or being bigger or stronger or smarter. But in capitalism, nobody is rewarded for simply being something. In capitalism the rewards come from doing something. The doing part is the great equalizer and the part that makes capitalism so fair.
Monday, July 18, 2005
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