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Saturday, June 5, 2010
Your Economic Lesson of the Day
Topic: WorldNetDaily

I tend to be a target at limousine-liberal gatherings, and, sure enough, a middle-aged gentleman of means came up to me and, from out of the blue, blurted, "Capitalism is the most evil system ever invented."

Displaying my finest George Will deadpan expression, I asked how an intelligent, successful gentleman like him had managed to arrive at such a fascinating conclusion. To which he groused, "Under capitalism, the poor are exploited by the rich." Yikes – it was the ghost of Vladimir Lenin!

Masochist that I am, I asked him to define the terms "rich" and "poor" for me, but he simply waived aside my question as though it were frivolous. My acquaintance's wife then intervened and admonished us that political discussions were forbidden in her house, thus preventing a Sunday afternoon homicide.

Darn. I didn't even get a chance to see the expression on his face had I been able to lay this one on him: The gap between the rich and the poor is supposed to increase under capitalism! It's built into the system.

But also built into the system is the fact that almost everyone is better off under capitalism. Why? Because trickle-down economics really does work.

-- Robert Ringer, June 5 WorldNetDaily column


Posted by Terry K. at 11:41 PM EDT

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