Capitalism
Bernard Curry
economics. "Ism" signifies belief. "Capitalism" signifies belief in
capital. What is capital?
capital
2.
a. Wealth in the form of money or property, used or accumulated in a
business by a person, partnership, or corporation.
b. Material wealth used or available for use in the production of more
wealth.
c. Human resources considered in terms of their contributions to an
economy: "[The] swift unveiling of his . . . plans provoked a flight
of human capital" (George F. Will).
The American Heritage� Dictionary of the English Language, Fourth
Edition. Copyright � 2006, 2000 by Houghton Mifflin Company. Published
by Houghton Mifflin Company. All rights reserved.
That explanation of "capital" is acceptable for customary usage.
Belief in accumulation and allocation of capital is capitalism. We
note that capital is of two kinds: monetary and "equipage". Equipage
capital comprises labor and materiel. But monetary capital needs
first consideration because a freely circulating supply of money, as a
source of monetary capital, is an absolute prerequisite of a complex
economy above the simplex barter economy.
If a society develops a money and a complex economy, and then the
money supply is lost, the society _must_ degenerate to a barter based
economy. The barter based economy cannot sustain the populace
developed by the money based economy and the society collapses. That
is what is happening in the U.S. today.
Every nation on Earth has a system of capitalism. But they are _not_
all the same. Most are authoritarian and are remnants of
authoritarian systems that were formed hundreds or thousands of years
ago. The monarchies and plutarchies of those societies want to bring
the U.S. down to their level. They don't want their people to want
what U.S. citizens have, i.e., prosperity and liberty.
The U.S. developed, at least partially, a libertarian form of
capitalism and society. Both are failing because the US is becoming
authoritarian and our money supply is lost. Our Founders were not
really serious about, and did little to ensure our liberty. Their
political successors did the same -- and still do.
So, there are two opposed forms of societies and economies:
authoritarian and libertarian. The form of capitalism varies with the
form of the society. So there are two main forms of capitalism --
authoritarian and libertarian.
Proponents of authoritarian capitalism rely on the power (force and
deceit) of Government for accumulation, allocation, and retention of
capital. There are two forms of authoritarian capitalism: Marx's
communism and Mussolinis fascism. In those systems, favored producers
are financed and aided by Government so they succeed regardless of
ability. That is what com-soc Obama has done and is doing now.
Proponents of libertarian capitalism do not rely on Government but on
their own abilities. If they lack ability to succeed they fail -- as
they should. But they should not be forced out by the com-socs.
A problem is that libertarians don't know enough about libertarian
capitalism to develop and sustain a libertarian economy and forestall
com-soc authoritarians. That is why our nation is now failing. It is
becoming authoritarian because libertarians don't know how to make it
libertarian. How could they, having been educated in a communized
school system?.
If we want libertarian society we need to start thinking in
libertarian terms. To do that we need grasp that capitalism can be
either authoritarian or libertarian. Otherwise we will be stuck with
authoritarianism including authoritarian capitalism. .
Bernard Curry
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The eternal vigil that is the price of liberty
begins within ourselves and the communities to which
we belong.
Bernard Curry
LCC
Lonnie Courtney Clay