The Conservative Edge

There I was a couple of days ago, sitting in front of the computer, reading some columns featured on the Dayton Daily News website. I try to respond to one or two columns a week, just so I can feel good about contributing to a liberal newspaper from a conservative perspective. I noticed an article written by Thomas Friedman, a well-known columnist who writes for the New York Times. He states that America is losing ground in technological development and innovation. Part of this decline is due to the high cost of doing business in the U.S. Businesses here face extremely high corporate tax rates, and the federal government is reluctant to use subsidies or other financial incentives to keep corporations planted in American soil.

So, I felt the need to respond to Friedman’s column. I wrote that Friedman is actually correct in theory. There is no good reason that American companies should not prosper by operating here in the States. Furthermore, as companies grow, they usually provide cheaper goods and services, and employ larger numbers of people. This employment includes not just production workers, but research and development teams as well.

However, the Obama administration, and all Democratic leadership, consider corporate profits to be evil. Carter wanted to tax the oil companies, Clinton harassed Bill Gates and Microsoft, and now Obama has taken swings at the car companies, Wall Street, and the big banks. It seems impossible that Obama and his cohorts in the House and Senate could even think of reducing unemployment without stimulating business growth. They think they can increase taxes, pile on stricter financial and environmental regulations, and yet somehow realize positive growth of America’s GDP. I closed my remarks on the Dayton Daily News website with the statement “capitalism needs capital.”

Honestly, at the time I posted my comments, I had no idea that Jack Kemp had made that exact statement years ago. I didn’t read of his observation until today (March 6). He was right. Capitalism is the only economic engine that has allowed the rise of America’s middle class, and given so many individuals the chance to obtain real wealth. Capitalism also fueled the fantastic technological advances of the late 1800s and early 1900s. The capitalist system allowed the development of steam engines and railroads, and later the telegraph, electricity, motion pictures, radio and television, not to mention the automobile and the production line. None of these things would have progressed the same way under another economic system.

But we have a President, and a liberal Congress, that views capitalism as an evil institution. No wonder we are losing technological ground to China and Korea. No wonder that real unemployment hovers at 16 percent. No wonder that this country isn’t producing enough scientists and engineers. The only people prospering now are government administrators. Jack Kemp was right. Capitalism needs capital; and America needs capitalism.

There are a couple of words that have become more prominent in my vocabulary, and I would like to introduce them to readers of this blog. The words are statists and collectivists. Both words actually refer to the same group of people. You might otherwise know them as socialists, Marxists, and liberals. Not coincidentally, most of these people belong to the Democratic Party.

Statists and collectivists believe that the individual is only a part of a greater whole, that is, national or global society. You might view statists as people who think that the State (the Federal government) is all-powerful, capable of directing and controlling all individuals for the benefit of society. The collectivists hold a similar view; they believe that goods and wealth should be collected and redistributed, so that no individual should be more prosperous than another. In either case, the individual essentially has no rights, especially those that pertain to the attainment of wealth, and the procurement of self-defense.

John Holden, science adviser to President Obama, has been quoted as saying that America “must design a stable, low-consumption economy…redistribution of wealth both within and among nations is absolutely essential.” This is why the government has been most active in time of economic crisis. The Obama administration, with cooperation from the liberals, has swiftly implemented laws and regulations that will bring about the desired redistribution. For instance, there is now a cap on the earnings of doctors and corporate executives. The salary of Bank of America’s president is now zero. Furthermore, the government has also displayed its ability to fire private-sector executives, such as Rick Wagoner of GM. It is interesting, too, that GM had at least 8 separate divisions before Obama was elected; but soon, GM will be reduced to only four, as Pontiac, Hummer, Saab, and Saturn will likely be shut down.

Apparently (and unfortunately), the message that capitalism has caused our economic problems is being accepted by American society. In a Rasmussen Reports survey conducted in April 2009, only 53 percent of Americans believed that capitalism was better than socialism; another survey of adults under 30 showed that 37 percent favored capitalism, while 33 percent preferred socialism (30 percent was undecided). The federal government would no doubt like to improve on that 33 percent figure. That’s why President Obama continues to demonize the financial institutions, referring to bankers as “fat cats.” The more that capitalism and free enterprise ideals are discredited, the more likely it is that American citizens will accept a socialist, totalitarian dictatorship implemented by the statists and collectivists of the Democratic party.

It is almost unimaginable that a third of young American adults would prefer a socialist government. Even the mighty Soviet Union collapsed under its totalitarian communist/socialist regime. The American economic system of free enterprise has resulted in a high standard of living for its people that has far surpassed that of any other nation. The men who framed our system of government realized that it was individual rights, not state rights, that would ensure a free and prosperous nation. We should support the economic engine that has secured the rights we do have, secured the country against foreign powers of evil, and virtually saved the world twice in the twentieth century. Long live capitalism!