We Need Capitalism
Start writing a post
Politics and Activism

We Need Capitalism

This will cause a second Golden Age for America.

28
We Need Capitalism
Conservative Post

The United States was founded on the idea that the individual has the power and the capability to run his or her own life, and that the individual, when left alone is capable of amazing things. Giving the people the ability to tinker and invent is what spurred so much growth in America. It’s a major reason why the United States went from being a poor newly formed country to being the biggest global superpower in under 250 years. Free Markets has spurred immense growth and advances in not only technology but also medicine and quality of life.

Free Markets improve people’s lives because it spurs innovation and free thought and the freedom for people to tinker and experiment with their own funds, the beauty of capitalism is that it’s a jungle, survival of the fittest. Some ideas pan out and grow to be powerhouses, for example, Apple, from a small computer company started in a garage in California now to a multi-billion-dollar company with more cash reserves than the US has in fort Knox. While other companies do not enjoy such a good fortune. It pushes innovation as well, which is why companies that refused to evolve and continue innovation flounder and ultimately fail. Example? Blackberry is a prime example of how getting comfortable leads to declining market shares and popularity. In 2009 Blackberry formally called RIM (Research in Motion) had peaked and held over 20% of the smartphone market, because of lack of innovation and sticking to the same formula being used since 2004 they no hold under 1% of the market. The free market that the freedom of people to choose their devices and products prevailed if people want a big phone screen with a good camera someone will make it meet their needs. Blackberry refused to change and evolve with the market and that’s why they are on the verge of bankruptcy.

Another example would be televisions when televisions were first introduced to the market/public they were priced at $129 or $1295 in today’s money for a 15 inch black and white set. Today you can purchase a 40 inch 1080p HDTV for $198. Another example when Samsung in 2006 shipped the first Blu-Ray player it set the price at $999.99, today you can buy a Blu-ray player for $60. When Blu-Ray was introduced so was the red boxed HD-DVD. The Producers of HD DVD Player Toshiba could not meet market demand but Samsung could, so the would be customers for Toshiba ultimately became Samsung Blu-ray customers, and in the end, the people decided Blu-Ray was a better value and HD-DVD no longer exists and is just a distant memory in the minds of the consumer. So you see, free markets drive down prices, the more producers and or suppliers in a market the more they drive to increase profit and which means bring down costs, which in turn can then be offered to the customer at a lower price forcing other companies to do the same or face their own downfall.

In a centralized market where either it is monopolized by a single company or is run by a state or federal government innovation and drive to greater profits and lower costs stagnates, go and compare cars from the Capitalist USA and Communist Russia from the 1950 and 60s and you’ll see exactly what I mean.

What we have today is not Capitalism, what we have in the US today is a mutated version of capitalism called Crony Capitalism where the companies with the biggest lobbying budgets get the majority of the say in new laws in regulations being passed. When the Federal Government has no influence on any markets that’s the America we had, that’s the America we need again, that’s the America we deserve.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less
Featured

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

71387
houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee
nappy.co

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

133460
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments