As a serial business owner I have often wondered that, but I came to the conclusion that private enterprise is the only net wealth generator creates the vast majority of jobs, and funds via taxes all the other jobs and social programs.
So in itself it is not bad. Wealth is neither good nor evil it depends how it is used. Bill Gates mission to use his wealth to give all on the planet clean water is beneficial, and to spend on such programmes you first need to earn.
The alternatives of communism and socialism spending vast amounts of borrowed or printed money on social spending have done nothing but harm, bubbles of euphoria burst very quickly and end as Cuba, Venezuela, Greece, or Detroit as recent examples. God forbid Corbyn turns Britain into Venezuela but that is his plan.
Capitalism is a great leveller, despite being Seen as fuelling inequality, The living standards of hundreds of millions of new middle class ordinary Chinese have skyrocketed, by opening to capitalism, Sadly It has hurt richer nations by funnelling wealth to lower cost areas. Those who consider that trickle down has failed should notice that poverty has digital TVs and smartphones now, where even my generation of middle class struggled to make ends meet, never eat out, few had cars and Other luxuries,
I will say this. I think false prosperity fuelled by borrowing is evil.
And yet they still keep printing dollars and euros, and urging all to lend. It cannot end well.
As a serial business owner I have often wondered that, but I came to the conclusion that private enterprise is the only net wealth generator creates the vast majority of jobs, and funds via taxes all the other jobs and social programs.
So in itself it is not bad. Wealth is neither good nor evil it depends how it is used. Bill Gates mission to use his wealth to give all on the planet clean water is beneficial, and to spend on such programmes you first need to earn.
The alternatives of communism and socialism spending vast amounts of borrowed or printed money on social spending have done nothing but harm, bubbles of euphoria burst very quickly and end as Cuba, Venezuela, Greece, or Detroit as recent examples. God forbid Corbyn turns Britain into Venezuela but that is his plan.
Capitalism is a great leveller, despite being Seen as fuelling inequality, The living standards of hundreds of millions of new middle class ordinary Chinese have skyrocketed, by opening to capitalism, Sadly It has hurt richer nations by funnelling wealth to lower cost areas. Those who consider that trickle down has failed should notice that poverty has digital TVs and smartphones now, where even my generation of middle class struggled to make ends meet, never eat out, few had cars and Other luxuries,
I will say this. I think false prosperity fuelled by borrowing is evil.
And yet they still keep printing dollars and euros, and urging all to lend. It cannot end well.
Your last sentence is hitting the nail on the head. Capitalism is the form of economic system where free enterprise and competition are good. If you look back over 100 years say to turn of the century and you can go into an old garage and find tools made in America from hundreds of manufacturers. Today the US has just a few tool companies left and most of the products in our garage are made in China. The difference between then and now is the creation of corporations and private central banks. The corporations do not want free enterprise as Rockerfeller once said competition is a sin. So what we have now are multinational corporate cartels. The good of working hard and employing others to take wealth and create more wealth is now lost as the big investors make more money speculating say by buying oil futures at 60 then selling them for 70. The profits generated this way create higher prices and no wealth. The sad thing is that the large capitalist have funded the communist. The US has become less free and almost socialist in its model while the soviets have opened up to more trade and are more corporate in their capitalism. The statement you made about debt and that it cannot last is the key crossroads we are approaching. The only way the economy grows is by taking on larger debts at an ever faster rate. We are in the end game of the ponzi scheme created by Keynsian economics. The resulting crash will be global and it will create a chaos unimaginable. The battle for mind share in this arena will determine who and what is rebuilt after the crash. I suspect that the NWO one world government and financial system will be put in place. The end of the nation state and the division of the world into 10 economic sectors is coming.
A christian can be a good christian under either system but only one rewards hard work and gives you the freedom to determine what to do with what it yours. The modern system is defined as capitalism but it is not and is in bed with the central banks and the global planners.
Daniel 8
“And in the latter time of their kingdom,
When the transgressors have reached their fullness,
A king shall arise,
Having fierce features,
Who understands sinister schemes.
24 His power shall be mighty, but not by his own power;
He shall destroy fearfully,
And shall prosper and thrive;
He shall destroy the mighty, and
also the holy people.
25 “Through his cunning
He shall cause deceit to prosper under his rule;[fn]
And he shall exalt
himself in his heart.
He shall destroy many in
their prosperity.
He shall even rise against the Prince of princes;
But he shall be broken without
human means.[fn]
26 “And the vision of the evenings and mornings
Which was told is true;
Therefore seal up the vision,
For
it refers to many days
in the future.”
rev 6
3 When He opened the second seal, I heard the second living creature saying, “Come and see.”[fn] 4 Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that
people should kill one another; and there was given to him a great sword.
5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart[fn] of wheat for a denarius,( a denarius is a days wage) and three quarts of barley for a denarius; and do not harm the oil and the wine.”
psalm 2
1 Why do the nations rage,
And the people plot a vain thing?
2 The kings of the earth set themselves,
And the rulers take counsel together,
Against the LORD and against His Anointed,
saying,
3 “Let us break Their bonds in pieces
And cast away Their cords from us.”
4 He who sits in the heavens shall laugh;
The Lord shall hold them in derision.
5 Then He shall speak to them in His wrath,
And distress them in His deep displeasure:
6 “Yet I have set My King
On My holy hill of Zion.”
7 “I will declare the decree:
The LORD has said to Me,
‘You
are My Son,
Today I have begotten You.
8 Ask of Me, and I will give
You
The nations
for Your inheritance,
And the ends of the earth
for Your possession.
9 You shall break[fn] them with a rod of iron;
You shall dash them to pieces like a potter’s vessel.’ ”
