|1. Private Property||Private individuals and institutions own scarce resources.|
|2.Freedom of Choice||Privately owned enterprises are free to obtain and use resources as they see fit.|
|3. Self Interest||Capitalism is individualistic - Property owners can do what's best for them!|
|4. Free Markets||Buyers and Sellers in a "free market" represent a self-regulating force.|
|5. Supply & Demand||Supply and Demand in the market controls available supply and prices.|
|6. Limited Government||Free Markets, and Supply & Demand, eliminate any economic role for Government.|
Everyone has heard corporate conservatives crying about big government socialism. Frankly, I can’t comprehend what they’re talking about? According to Webster's New World College Dictionary, socialism refers to a system wherein "...the ownership and operation of the means of production and distribution [is] by society or the community, rather than by private individuals, with all members of society or the community sharing in the work and the products."
I can only guess that corporate conservatives are crying about the U.S. Income Tax System, that levies taxes on profits, which reduce shareholders wealth, and violate the Conservative Virtues of Selfishness Doctrine – (Ayn Rand).
Most classic oligarchies have resulted when powerful elites are recruited from a privileged class, which tends to exercise power in its own self-interest, meaning: Limited Government!
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