Thursday, August 3, 2017

The Good News

Capitalism is still alive and kicking in the United States, though it occupies a shrinking part of the American economy.  It is mostly in the technology sector that capitalism thrives in the US.  The left has put state control in most of the rest of the American economy, which is why you see economic stagnation in large parts of the economy.  But, Uber, Airbnb, Tesla, Amazon all represent the ways in which technology is making Americans lives better.  No doubt the left will try to snuff these out as well in their drive toward socialism.

You would think that the example of Venezuela -- the latest in a long string of socialist experiments -- would cool the ardor of the left for state control of the economy.  But, it hasn't.

Capitalism will always find a way unless brute military compulsion takes over, such as we observed in the old Soviet Union and modern Venezuela.  As long as the government doesn't develop a policy of outright dictatorship and terror on its population, capitalism will find a way.

While the American economy has been severely hamstrung by the left, nevertheless capitalism is overcoming barriers by going where they aren't.  Our schools have been destroyed by the left and our health care system is now headed that way. 

But, there is hope, so long as the government leaves any space of breathing room for innovation and freedom.  We shall see if that happens.  But, for now, innovation continues at a breathtaking pace in the few areas of the economy that the left hasn't strangled.

No comments: