Diary

The Moral Superiority of Capitalism

The case for the moral superiority of capitalism.  Let’s begin with one of the very best examples out there

The True Story of Thanksgiving — From Rush’s Second Book, Which Led to the Rush Revere Adventure Series

November 26, 2014

BEGIN TRANSCRIPT

RUSH: You know, Thanksgiving, Christmas, must be one of the times of year when you especially feel the absence of the men and women serving in the military stationed far away. It’s a tough time of year for military families. It really is. And that’s why I want to spend some time today on that, ’cause I always do. It’s a tradition on the day before Thanksgiving to recount for you the real story, the true story of Thanksgiving: How it happened, what it is, how it came to be. You’ll then learn how it’s been distorted.

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RUSH: That’s the current book, just released in October. But I want to read to you from the first book. “Chapter 6: Dead White Guys, or What the History Books Never Told You, the True Story of Thanksgiving,” from See, I Told You So. “The story of the Pilgrims begins in the early part of the seventeenth century… The Church of England under King James I was persecuting anyone and everyone who did not recognize its absolute civil and spiritual authority. Those who challenged ecclesiastical authority and those who believed strongly in freedom of worship were hunted down, imprisoned, and sometimes executed for their beliefs. A group of separatists first fled to Holland and established a community.”

If I may pause there — and I may because I can — I learned when we wrote Rush Revere and the Brave Pilgrims that a lot of people didn’t know about Holland, so inadequate has public education been on the Pilgrims’ Thanksgiving and the founding of the country. I couldn’t believe that adults did not know that Holland was a factor in the Pilgrims. Just a little aside. We’re getting more e-mail, more reaction from adults telling us that the children’s books are teaching them things they didn’t know, that they weren’t taught when they were kids in school.

It would stun you if you saw this stuff, and we post some of it on the Rush Revere website and the Rush Revere Facebook page.

Anyway, a group of separatists first fled to Holland and established a community. “After eleven years, about forty of them agreed to make a perilous journey to the New World, where they would certainly face hardships, but could live and worship God according to the dictates of their own consciences. On August 1, 1620, the Mayflower set sail. It carried a total of 102 passengers, including forty Pilgrims led by William Bradford. On the journey, Bradford set up an agreement, a contract, that established just and equal laws for all members of the new community, irrespective of their religious beliefs. Where did the revolutionary ideas expressed in the Mayflower Compact come from?

“From the Bible. The Pilgrims were a people completely steeped in the lessons of the Old and New Testaments. They looked to the ancient Israelites for their example. And, because of the biblical precedents set forth in Scripture, they never doubted that their experiment would work. But this was no pleasure cruise, friends. The journey to the New World was a long and arduous one. And when the Pilgrims landed in New England in November, they found, according to Bradford’s detailed journal, a cold, barren, desolate wilderness. There were no friends to greet them, he wrote.

“There were no houses to shelter them. There were no inns where they could refresh themselves. And the sacrifice they had made for freedom was just beginning. During the first winter, half the Pilgrims — including Bradford’s own wife — died of either starvation, sickness or exposure.” For a long time, many of them continued to live on the Mayflower. There was nowhere else to live. “When spring finally came, Indians taught the settlers how to plant corn, fish for cod and skin beavers for coats. Life improved for the Pilgrims, but they did not yet prosper!

“This is important to understand because this is where modern American history lessons often end. Thanksgiving is actually explained in some textbooks as a holiday for which the Pilgrims gave thanks to the Indians for saving their lives,” and teaching them to grow food and eat and all that, “rather than as a devout expression of gratitude grounded in the tradition of both the Old and New Testaments.” The Bible. Remember, these were religious people. They set out on a journey to a place that they had no idea of, and they just found barren wilderness.

The very idea that they survived — even before they began to prosper, the very idea that they just survived — was what gave them pause to thank God. That was the original Thanksgiving, and that’s not taught. The original Thanksgiving is taught as, “If it weren’t for the Indians, Pilgrims would have died. The Indians saved their bacon! The Indians saved them.” It’s an understandable effort here, but that’s not what happened, is the point. “Here’s the part that’s been omitted…” In fact, I gotta take a break. I’ll come back with the part that is omitted from modern day textbooks for young children in the schools.

BREAK TRANSCRIPT

RUSH: We are back with the original, the true story of Thanksgiving, as written by me See, I Told You So, Chapter 6: “Dead White Guys, What the History Books Never Told You, The True Story of Thanksgiving — “Here is the part that has been omitted: The original contract the Pilgrims had entered into with their merchant-sponsors…” in London called for everything they produced to go into a common store, and each member of the community,” all 40 of them, “was entitled to one common share. All of the land they cleared and the houses they built belong to the community as well.”

It was a commune. It was socialism! Because they wanted to be fair. “They were going to distribute it equally. All of the land they cleared and the houses they built belonged to the community as well. Nobody owned anything. They just had a share in it. It was a commune, folks. “It was the forerunner to the communes we saw in the ’60s and ’70s out in California — and it was complete with organic vegetables, by the way,” in case you’d like to know. “Bradford, who had become the new governor of the colony, recognized that this form of collectivism was as costly and destructive to the Pilgrims as that first harsh winter, which had taken so many lives,” and half the people weren’t carrying their weight, didn’t have to.

“He decided to take bold action. Bradford assigned a plot of land to each family to work and manage,” and they got to keep the bulk of what they produced, “thus turning loose the power of the marketplace. That’s right. Long before Karl Marx was even born, the Pilgrims had discovered and experimented with what could only be described as socialism. And what happened? It didn’t work! … “What Bradford and his community found was that the most creative and industrious people had no incentive to work any harder than anyone else, unless they could utilize the power of personal motivation!

“But while most of the rest of the world has been experimenting with socialism for well over a hundred years … the Pilgrims decided early on to scrap it permanently. What Bradford wrote about this social experiment should be in every schoolchild’s history lesson. If it were, we might prevent much needless suffering in the future. ‘The experience that we had in this common course and condition, tried sundry years,'” meaning it was tough for a long time, “‘that by taking away property, and bringing community into a common wealth, would make them happy and flourishing — as if they were wiser than God,’ Bradford wrote.”

Meaning: We thought we knew, but we were wrong.

“‘For this community [so far as it was] was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For young men that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men’s wives and children without any recompense…that was thought injustice.'” So what happened was, the hard workers began to see a bunch of slackers. Even in the first Pilgrims, they had a bunch of slackers, and they said, “What the hell are we doing? If everybody’s getting an equal share here and half of these people aren’t working, to hell with this!” and they threw it out.

William Bradford wrote about it in the journal. “The Pilgrims found that people could not be expected to do their best work without incentive. So what did Bradford’s community try next? They unharnessed the power of good old free enterprise by invoking the undergirding capitalistic principle of private property. Every family was assigned its own plot of land to work,” and they were permitted to use it as they saw fit, “and permitted to market its own crops and products. And what was the result? ‘This had very good success,’ wrote Bradford, ‘for it made all hands industrious, so as much more corn was planted than otherwise would have been.'”

They had surpluses. You know what they did with the surpluses? They shared them with the Indians. Capitalism, as opposed to socialism, produced abundance, the likes of which they had never experienced. They remembered the help they got when they first landed from the Indians. They shared their abundance. That’s the first Thanksgiving: A thanks to God for their safety, a thanks to God for their discovery, and a thanks to the Indians by sharing the abundance that they themselves produced after first trying what could only be called today Obamaism or Clintonism or socialism.

That, my friends, is the real story of Thanksgiving.

It’s not taught. It is not explained anywhere. The original story of Thanksgiving stops where the Indians saw these newly arrived, struggling Europeans who did not know what to do, and showed them how to plant corn and all that. Meaning the first Thanksgiving is: “If it weren’t for Indians…” So that has led us to today where Obama says the Indians are the only ones that have any real right to be offended at immigration. I try to tell this story every year on the day before Thanksgiving on the EIB Network. I do. And as I say, we’ve written an entire book for children about this featuring time travel with Rush Revere and his talking horse, Liberty, that take children back to Holland.

They make the journey with the Pilgrims across the Atlantic Ocean.

They’re there and get to know Bradford and so forth.

It’s the way we decided to teach history, by actually taking these young readers to these events and making them part of them. Kathryn and I are abundantly thankful for all of you for making our lives and the lives of our families so rich and rewarding. The true story of Thanksgiving for us is how fortunate we all are to have people like you in our lives and compromising this audience. We hope you have a great Thanksgiving with your family. We hope that it’s everything that you want it to be, hope you’re able to get there if you intend to go. But regardless, if you’re able to make it or not, we hope that your Thanksgiving gives you time to pause and give thanks for the great fortune we all have to be Americans.

Above from www.rushlimbaugh.com

In other words Thanksgiving was about the Pilgrims giving thanks to God for learning early on about the evils of collectivism as well as the concept that you ought to have private property and get paid for the work that you do.  As well as thanks for the bounty of their labor and being able to have more than the need to share with the Indians.

Let’s take a look at another example.

DEFINITION of ‘Invisible Hand’

A term coined by economist [mc_name name=’Rep. Adam Smith (D-WA)’ chamber=’house’ mcid=’S000510′ ] in his 1776 book “An Inquiry into the Nature and Causes of the Wealth of Nations”. In his book he states:

“Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it … He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for society that it was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”

Thus, the invisible hand is essentially a natural phenomenon that guides free markets and capitalism through competition for scarce resources.

INVESTOPEDIA EXPLAINS ‘Invisible Hand’

Smith assumed that individuals try to maximize their own good (and become wealthier), and by doing so, through trade and entrepreneurship, society as a whole is better off. Furthermore, any government intervention in the economy isn’t needed because the invisible hand is the best guide for the economy.

http://study.com/academy/lesson/invisible-hand-in-economics-definition-theory.html

Definition

Have you ever wondered how the United States economy came to be? Why do people open certain businesses? Why do they sell certain products? How do we come up with the prices for these products? These are pretty big questions! [mc_name name=’Rep. Adam Smith (D-WA)’ chamber=’house’ mcid=’S000510′ ], an influential economist of the 1700s, is responsible for at least some of the answers to these questions. He inspired much of our country’s current economic policies when he wrote the book The Wealth of Nations in 1776.

‘Rep. Adam Smith (D-WA) used the metaphor of the invisible hand to refer to the guidance and benefit society receives when individuals act in their own self-interest when trying to make money. According to Smith, when consumers are left to freely choose what they want to buy, and businesses are left to freely decide what they want to sell, the self-interest of both will lead to decisions that result in good prices and the right products in the economy and marketplace. As a result, Smith argued that no government intervention is needed. We simply have the invisible hand of economic self-interest to guide us.

Let’s explore the theory more to help it all make sense.

The Wealth of Nations Argued for an Invisible Hand [mc_name name=’Rep. Adam Smith (D-WA)’ chamber=’house’ mcid=’S000510′ ]

Theory

Rep. Adam Smith (D-WA) argued that an economy works best when the government leaves people alone to buy and sell freely among themselves. If businesses are allowed to pick their products and price and trade them as they wish, self-interested owners who are trying to maximize profit will compete with each other, leading to lower prices and better product offerings.

Pretty straightforward.  If government just leaves people and markets alone through being moral people [Adam’s Smith also explained in the series that it’s crucial the society have the underpinnings of faith and morality] and using their own self-interest to guide them and just let individuals work then great prosperity is brought to society in general.  So individuals simply perusing their self-interest and being decent people we help not only ourselves but everyone around us.

Another way of putting it is by simply getting the government out of the way and letting people peruse their own self-interest is the surest path to prosperity for the largest number of people possible.

Evidence this is working even now, even in spite of Obama and all the other idiots throughout our government.

After a little digging I found this gem on the internet, siting none other than Bono of all people

Michael Novak: ‘Capitalism is Lifting the World out of Poverty’

Bono: Capitalism, not aid, lifts people out of poverty by Wilson Wednesday, Aug 14, 2013 at 2:10 PM EDT Get Glenn Live! On TheBlaze TV Is Bono a closet conservative? He certainly seemed to understand conservative economic principles pretty well during a speech at Georgetown University earlier this year, in which the rocker advocated for “commerce [and] entrepreneurial capitalism” as an alternative to aid in third world countries. “He can’t do what he’s done and be a total jerk. He’s not doing all that charity work and everything else because he’s a bad guy,” Glenn said of Bono on radio this morning. “He’s a good guy. He’s just misguided by going to the governments [of these countries] and asking for a bail out. Well, let me play some audio…. Listen to the left’s icon: Bono… Listen to what he just said about capitalism.” BONO: So some of Africa is rising and some of Africa is stuck. It’s a question of if the rising bit will pull the rest of Africa up or whether the other Africa will weigh the continent down. Which will it be? The stakes here aren’t just about them. Imagine, for a second, this last global recession, but without the economic growth of China and India, without the hundreds of millions of newly minted middle class folks who now buy American and European goods. Imagine that. Think about the last five years. Rock star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. That’s what you’re about here. It’s real. Aid is just a stopgap. Commerce, entrepreneur capitalism takes more people out of poverty than aid. Of course we know that. “Did you hear that,” Glenn asked. “‘Aid is just a stopgap.’ See, here’s what the President is so screwed up on… The President is saying that the best – all of his minions are saying this: The best thing we can do for job growth, the best thing we can do for people is put them on aid. No, that’s a stopgap. That is to go in and rescue somebody when they are in panic situations.” Benjamin Franklin is known for his charitable work. He founded Pennsylvania Hospital in 1751 with Dr. Thomas Bond “to care for the sick-poor and insane who were wandering the streets of Philadelphia.” One of the reasons he became involved with the hospital was because he believed in charity. He feared the government aid programs he saw in England, and sought to provide an alternative for the people of the colonies. “If you put this into your system, over a long period of time, it will kill the spirit and it will kill you. The same thing can be said about temporary aid going on too long,” Glenn said. “This is why Benjamin Franklin eviscerated England. You have to make people uncomfortable in their poverty because we love people. We’re charitable. This is the guy who built the first charitable hospital. He hates the poor? No. He says, ‘If you continue to give aid like England did, you will destroy the spirit and then your whole thing will fly apart.’” “Here’s what Bono is saying. [Aid is for] an emergency,” he continued. “You come in, and if there’s somebody that is hurting, if there’s somebody that needs help, and they can’t find anyway to help themselves, then we as people – not American citizens – we as humans have a responsibility and a right to go in and help others.” But, again, that right and responsibility is a temporary solution to a long-term problem. The left typically fails to acknowledge the long-term solution, but Bono’s decades of charitable work in third world countries has shown him that the only answer to poverty is sustainable economic growth. “Bono has given aid and begged governments for so long – aid, aid, aid, aid, aid. And then he comes back ten years later, and he’s like, ‘This situation is not any better.’ And so he puts his brain in gear,” Glenn explained. “Instead, give them that temporary relief, so they can get themselves back into shape, a little bit stronger. Then you slowly remove the aid from them, and they do it themselves. And then you have the resources to go give the aid to another part of the world, or another community, or another family… I am a fan of Bono because of this. He gets it.” “Look at how much time and money Bono puts into aid. Look at that,” Glenn concluded. “And then he has the balance to come out and say, ‘Look, I can’t believe I’m even saying this. This isn’t the guy I wanted to be. But this is the truth.’ It’s fantastic. If I was on the left, I’d be going after  odeo clowns too because… this thing is coming apart. People are on to you.”

Source: http://www.glennbeck.com/2013/08/14/bono-capitalism-not-aid-lifts-people-out-of-poverty/?utm_source=glennbeck&utm_medium=contentcopy_link

Even Bono admits the long term solution to poverty is capitalism, ” …Think about the last five years. Rock star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. That’s what you’re about here. It’s real. Aid is just a stopgap. Commerce, entrepreneur capitalism takes more people out of poverty than aid. Of course we know that.”

There it is, succinctly put.  Capitalism is the essence of compassion. On the other hand, Socialism has nothing to do with compassion [nor does anything to do with wealth transfers], drags down both the givers & receivers, and leaves everyone it touches worse off.

And of course, one of the best ever to live amongst us, Benjamin Franklin … “If you put this into your system, over a long period of time, it will kill the spirit and it will kill you…” “…You have to make people uncomfortable in their poverty because we love people …”  “…If you continue to give aid like England did, you will destroy the spirit and then your whole thing will fly apart.”

Bingo.  Wealth transfer screws everything up .. it kills the sprit and potential of recipients and turns them into dependents.  My own Declaration of Principles for the Free Peoples of Earth states it in a different way by proposing a permanent end to the practice, here’s the relevant paragraph

” –» All member governments in the FPE have a fiduciary responsibility to spend their countries money responsibly. All governments are required to establish and maintain ever-growing interest bearing accounts. They have the authority to spend this money when obtained through legal taxation due to nature of such authority the following restrictions will also be added. All government officials included but not limited to presidents, heads of state, prime ministers, legislative bodies, and judicial branches have a fiduciary responsibility to act in the best interest of the people of their countries. All spending will be based upon receipts and must not be higher than money legally taxed from Citizens. Wealth transfers are outlawed. Government welfare exists in many forms all over the planet. Welfare by it’s very nature is destructive when handled by the Government. Churches, and other private entities are best suited to determining suability and rendering aid to those who cannot help themselves. Many nations have citizens who are drawing a regular benefit and/or income not being earned. This practice will immediately end in all member nations including The United States with a single caveat. In order to uphold the kindness part of the Declaration of Principles those citizens will not immediately stop receiving benefits. They will get a one-time only lump sum payment equal to 3 years of benefits at once. Upon request this money can be invested in a fixed annuity so they can continue to receive regular payments for the next 1-5 years. Charities will be structured and encouraged to pick up the slack once wealth transfer payments end. Welfare is the greatest waste of human potential ever devised which is why government funded/regulated welfare payments will be outlawed with compassion”

The United States got along just fine without this insidious destructive concept until around 1964 when it was really kicked into high gear by President Lyndon B. Johnson and his “Great Society”. Healthcare welfare now accounts for nearly 25% of all federal spending straight from the Center on Budget and Policy Priorities – http://www.cbpp.org/research/policy-basics-where-do-our-federal-tax-dollars-go, “Medicare, Medicaid, CHIP, and marketplace subsidies: Four health insurance programs — Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and Affordable Care Act marketplace subsidies — together accounted for 24 percent of the budget in 2014, or $836 billion.”

$836,000,000,000.00  that’s like incalculable wealth and none of it is being spent well or efficiently.  How much of these figures are waste and fraud?!?  How much greater would that number be if you add up ALL the various wealth transfer programs?!?

If this money were being used to service our debt and build up principle we wouldn’t be the most broke nation in the history of the known universe, let’s not forget the over $20,000,000,000,000.00 we’ve spent on wealth transfers since the great society.  The majority of that 20 trillion [that figure is obscene!!] was borrowed, taxed, and spent by the Bush and Obama administrations.  That’s just the figure on healthcare welfare, it doesn’t even count everything else.

Common sense, self evident truth, history, and evidence shows us these things.  It doesn’t take a rocket scientist to see the moral superiority of capitalism.  Now, if only our education system would give our children a real understanding of history to include the real, unabridged, story of Thanksgiving, we wouldn’t be in the mess we’re in now.