The Five Pillars of Capitalism

Capitalism. It’s something you’ve heard of, but do you truly know what it is? In simple terms, capitalism is an economic system where a country’s production and means of operation are controlled by private owners for profit. Most countries nowadays, such as the US, France, and Ireland, practice a form of capitalism that is a combination of free markets and government intervention, called mixed economies. These capitalist economies operate on the pillars of private property, supply and demand, competition, freedom, and incentive. Today we will explore what these entail when it comes to capitalism.

Private Property

Private property allows people to own tangible and intangible assets, with examples of the former being land and houses, the latter stocks and bonds. By having a private property, efficiency in the economy is promoted since owners of resources will be given incentives to maximize property value. Their incentive may be money or any form of profit deemed worthy when an individual exchanges their private property in a mutually beneficial transaction.

Supply and Demand

Supply and demand determine the prices of goods and services. If the good or service you are selling is in high demand, it is worth more. For example, if you want to buy land in the middle of nowhere, it won’t cost that much because it is not close to the best schools, jobs, nor the best places for goods and services. If there is a high supply of land but low demand, you can buy a lot of land for a lot less than, say, land in an area that offers great schools, jobs, and services. Overall, if you would like to purchase land where supply is lower and demand is greater, then the cost of buying that land will also be higher.

Competition

Competition is at the heart of a capitalist system. Competition drives businesses to work at maximum efficiency and offer their products at the best prices with high quality to avoid getting beaten out by competitors that have better prices, efficiency, and quality. Having competition creates more productivity and innovation in the workplace, as each company aims to improve in order to make more desirable / cheaper goods and services for consumers.

Freedom

Freedom in a capitalist economy means that no one can tell you what to do in order to earn money, and no one can tell you how to spend it. Everything is ultimately up to you. You can make your own choices, whether you want to go to college, go straight to the workforce, or become an electrician or lawyer. It’s entirely up to you and what you plan to do with your life.

Incentive

An incentive in economics is the financial motivation for people to take certain actions. It allows businesses to become more creative and inventive, as everyone competes to have products or services that are better than their competitors. As a result, more desirable or cheaper products and services are formed, which is ultimately better for the consumers. Therefore, this is your incentive to make more money than your competitors.

While no country operates on a pure, or “laissez-faire” capitalist economy, the many mixed economies of today’s world rely on these five pillars to drive their markets. Together, we have explored the basics of a system that is very broad, with both good things and drawbacks.

Sharon Lee, Voices of Capitalism

America’s Demise is Near At Hand

For years I have been cataloging America’s decline into collapse, not merely economic collapse from economic concentration and the offshoring of jobs and investment, but also the collapse of the belief system that created some unity among a diverse population. Today not only is the economy done for, but so is the belief system that sustained social and political stability.

America no longer exists. A geographical entity exists of diverse peoples and interests, but not a country, much less a nation. The United States itself has degenerated into an empire. It is no longer simply a country with an empire. The 50 states are themselves the Establishment’s empire, and it can only be held together by force.

Earlier in my life free speech was used by liberals to legalize pornography, homosexual marriage, and abortion, all of which were opposed by the majority of the population. This did not stop liberals from imposing their agendas on the people.

Today free speech is impermissible, because it can be used to protest what half of the population sincerely believes was a stolen presidential election. Even attorneys and legal firms that brought legitimate cases of electoral fraud for clients are being punished for doing the ordinary work of attorneys. The same is happening to university professors and to average Americans who exercised their Constitutionally protected right of free speech and association and attended the Trump rally.

In America today, free speech can only be exercised in narrow and controlled channels. It can be used to demonize President Trump and his supporters as “enemies of democracy.” It can be used to demonize white people as “systemic racists” and “white supremacists,” and to demonize heterosexual white males as “misogynists.” Its one other use is to demonize countries—Russia, China, and Iran—that stand in the way of Washington’s hegemony. There are no other permissible uses of free speech today in the United States, an inappropriate name of the country as the country has been throughly disunited by Identity Politics and a presidential election widely perceived by voters to have been stolen.

I have provided for my readers a massive, but only partial, list of evidence of a stolen election. See: https://www.paulcraigroberts.org/2021/01/15/dont-fall-for-the-establishments-tall-tales-there-was-no-violent-assault-on-the-capitol-and-there-is-abundant-evidence-of-electoral-fraud/

But a simple question suffices: If the election was not stolen, why is it impermissible to raise the question? Explanations that are off limits to investigation and public discussion are unlikely to be true. The reason they are off limits is because they cannot withstand examination. You don’t have to go back far in time to get a long list: Assassinations of JFK, RFK, and MLK, Waco, Oklahoma City Bombing, 9/11, Saddam Hussein’s weapons of mass destruction, Iranian nukes, Assayd’s use of chemical weapons, Russian invasion of Ukraine, Russiagate, 2020 electoral fraud, January 6 Trump Insurrection. And, yes, I left out some, but the point stands without them. A country in which explanations are controlled is a country in which people live in lies.

In America and Western civilization generally, the concept of objective truth has essentially been destroyed, especially in educational and communication institutions. Throughout the Western World the basis of truth has been shifted from evidence to emotion. Emotion has become the important evidence. Objective truth is dismissed as a construct that serves white males.

In America today everything is aligned against the white heterosexual population. The Democrat left, universities, and media are aligned with race and gender victims of alleged white racism and transphobia. Kristen Clarke has been appointed to the Justice (sic) Department to ensure that employment and promotion policies are aligned with race and gender victims.

Immigration policy is aligned against white Americans. Powerless as a majority, white Americans have no future as a minority.

Even if white Americans could escape their insouciance and realize that their country is being taken away from them, they are powerless to do anything about it. With the new domestic terrorism bill on the way, even a protest against dispossession is criminalized as sedition.

There are many interesting aspects of the situation that we could explore. But let’s take only one. The Biden regime seems to be filling up with neoconservative zionists who are agents of Washington and Israel’s hegemony. The pursuit of this hegemony involves conflict with Russia, China, and Iran.

Washington will be entering these conflicts with a collapsed economy and a sharpely divided population. Will the real backbone of the American armed forces—Trump deplorables—fight for an Establishment that hates its guts? Will an economy drowning in debt and destroyed by corporate offshoring of investment and American middle class jobs and now by lockdowns that are destroying the remaining pieces of the middle class—small businesses—be able to sustain a conflict with nations more unified and free of external debt and unmanageable internal debt? If so, it will be the first time in history.

How long will Trump deplorables remain docile when they realize that they are being exterminated by being cut off from equal rights, constitutional protection, employment and avenues of success?

As for the Establishment itself, when will its arrogance and confidence be shaken by the realization that it cannot control the anti-white, anti-American ideologues it has created and is itself facing the situation faced by Kerensky, the Brownshirts, and the Chinese Communist Party when Mao unleashed the cultural revolution? Having empowered hatred and having let it out of the bottle, the Establishment itself will be destroyed by it.

Who will the Establishment appeal to when the revolution turns on them? What answer will the Establishment have when they are asked the question Bolsheviks put to Kerensky: “Who chose you?”

Paul Craig Roberts, UNZ Review

Biden Regime: Powerful, Maybe, But ZERO Moral Legitimacy

Morally, you owe nothing to a kidnapper. If someone takes you hostage, it’s your right to lie, cheat, manipulate — to do whatever you must do in order to escape and survive.

The same applies when that band of criminals is a government. Even if there were NO election fraud, rights still supercede government. If fifty-two percent of your town (or nation) votes to send you to a concentration camp or a “sensitivity-training” gulag, their majority vote does not give them the right to do so. If fifty-one percent say, “Sure, forcing people to have a vaccination or have other medical procedures seems like a good idea,” they have no moral power to say so.

On the same premise, your next-door neighbor has no right to vote away your medical insurance, your retirement savings, or your ability to buy groceries/fly on a plane/do business with a bank because you won’t wear a mask, or because you voted twice for Donald Trump.

I’ll leave it to you to decide at what point our government has lost all moral legitimacy. Certainly, when a government becomes a complete force for violating the rights of some for the sake of others, we are at that point. Certainly, when a government engages in censorship (even indirectly, through politically rewarded companies like Twitter or Facebook), or disarming the population, we are past a point of no return.

So going forward, remember: YOUR life and your rights come before ANY government … or regime. Even when that regime is headed by someone as towering and inspiring as … Joe Biden.

Michael J. Hurd, Daily Dose of Reason

Fascism is Back

Fascists are back in a very big way, and they are not who legacy media say they are. They are not who big tech says they are. They are not who the Chinese Communist Party (CCP) and their minions say they are. The CCP itself is fascist, not communist, and has been fascist since Deng Xiaoping. The distinction is important, and without that distinction, it is vastly more difficult to deal with the most dangerous threats to freedom here and overseas. Fascism is far more resilient than communism. It is the wedding of markets and totalitarian governance, an attractive prospect for many oligarchs in the US and all over the world. It is the “ism” that underlies globalism.

The US at the national level has been moving toward fascism steadily and deliberately. Democrats and Republicans in Washington endorse big state crony capitalism openly in some cases, and tacitly in others. The trend is accelerating right now due to Covid windfalls that hugely benefit many oligarchs. Today’s fascist oligarchs comprise a formidable array: the deep state of unaccountable bureaucrats, academe, the megalomaniacs of Silicon Valley, Davos elites, Hollywood, Wall Street, big banks, many of the largest corporations, legacy media, some state governors, professional sports, New World Order kleptocrats, some functionaries of both parties.

The oligarchs’ front men in legacy media are partisans. In the US, what on the surface appears to be two party governance is in fact one party, the big state party, with two branches: the pedal to the metal fascists and the drive 55 fascists, the latter renowned for their complicity in private but now exposed thanks to an American president. Their allies in academe have been and are doing everything they can to obscure the evidence, cloud the issues with misdirection and propagandize the young against Western liberalism.

Sadly, most of the people who suffered directly under fascism or who fought against fascist militarism in World War II are not with us anymore. Bulwarks against fascism in this country have weakened with the greatest generation now mostly gone. Recognizing this, the fascist oligarchs have accelerated into their end game. Emboldened by four years of vile obstruction against the first American president in thirty years to take them on, and shielded against consequences by their deep state facilitators, fascists in formerly American states are now showing their true colors behind the cover of Covid with threats against small businesses and churches familiar to those who have studied the black shirts. Nationally, the fascists are in full cry, censoring, cancelling, demonizing, de-platforming, and conspiring to ruin perceived threats to their hegemony.

The Gathering Storm, Winston Churchill reflected that World War II was one of the most avoidable catastrophes in world history. Time and time again those entrusted with Western governance decided against making a stand against fascism and in favor of what was hailed “peace in our time” then later described as appeasement. The butcher’s bill was enormous.

In that same volume Mr. Churchill observed,

“If you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.”

Thankfully, Americans are waking up to fascism and its oligarchs. It is late, the threat is right here, and there is a lot to do.

Walk away from the worst of Silicon Valley. Get rid of Gmail, Chrome, and as much of Google as you can, including YouTube. Nobody needs Facebook or Twitter. Ditto Netflix. Avoid investing in wokish behemoths. Avoid buying their products, or when you do, buy second hand and not from them as “refurbished”.

Check out Parler (whoops, too late) and Rumble. Read the Bongino Report, the Epoch Times and watch NTD. Watch American Thought Leaders, catch them on Rumble.

Amazon is not the only game in town. Almost everyone does online these days. You will discover that Amazon’s price is not always the lowest and their merchandise not always the best or even very good. Nobody needs Prime. If you order from Amazon, keep your orders as close to $25 as you can without going under. Wait for your orders to ship before ordering again. Think about it.

Patronize small business in your area and online.

Have you noticed that the oligarchs are for the most part insulated from the effects of their diktats, especially in this age of Covid hysteria? Do as I say, not as I do. Tucker Carlson nailed it during a recent Turning Point USA program; it is all about power for the oligarchs to control the rest of us.

Almost fifty years ago this notion inspired the publication of E F Schumacher’s Small is Beautiful: A Study of Economics as if People Mattered. It is time to dust that one off and take another look. There is good news. The oligarchs, especially those in academe, in governance, and even in technology, do not make anything we really need. They thrive at the top of Maslow’s pyramid. We can walk away from more than they think. Check this out

Insist that your representatives defend your rights and your freedom. If they do not, hold them accountable. Work to replace them. Apply this at all levels of government.

Nobody outside of professional sports needs professional sports.

Excepting the hard sciences, colleges are a waste of money. Look for cost effective alternatives that do not bury you in debt. Make the ghouls of wokish faculties and administrations get real jobs. That will be fun to watch.

Do not put up with dubious electoral integrity: likewise, Russiagate. Unaddressed they are the death of the republic and of the union.

Sadly, the list of formerly American states is growing. The usual suspects, California, Illinois, and New York have been joined by quite a few others, notably Oregon and Washington. Why notably? Those states and California have our only ports to the Pacific Ocean. That is a very big problem. By the way, do you suppose CCP fascists perceive the West Coast’s strategic significance? Check this out.

The big banks are a tough one. The banks are entrenched behind “too big to fail” and own increasingly large shares of American corporations. Deal with regional banks where you can. Check out block-chain based currencies, and block-chain based services in general. Look for ways to hold assets in forms that cannot be seized by fiat, overnight, electronically, “for the greater good.”

Support organizations who fight for your rights in the courts, such as The Institute for Justice.

Support organizations who fight against human trafficking and slavery, such as Operation Underground.

Support organizations who work to expose the hypocrisy and criminality of the oligarchs, such as Project Veritas and Judicial Watch.

Support organizations that work to inform and to educate everyone about American history and Western liberalism, such as Prager University, The Freedom Center, Classical Conversations, The Mises Institute, The Library of America, Hillsdale College, The Atlas Society.

Support organizations that find leaders within troubled communities and help them identify and develop potential in others within those communities, such as The Woodson Center and Liberty Hill Foundation.

Above all, fight. This is a fight Americans cannot afford to lose.

Hugh Meyers, American Thinker

Not Just Election Deceit; A Plot Against the United States

Many people have lamented the Democrats’ massive election and voter fraud that occurred leading up to the election, on Election Day, and since then. However, in sharpening our focus, something much more sinister comes into play.

What the Democrats have done, starting years before, is to attempt to usurp legitimate governing power and engineer a coup against the United States. This is no cavalier statement. The litany of election criminality is intricate and involved, and orchestrated by those with the means to do so.

Criminality Beyond Anything Previously Witnessed

The criminality includes forging signatures, ballot-box stuffing, ballot harvesting, paying for voting, offering raffle prizes for voting, voting in place of the deceased, doctoring ballots, voting twice, not delivering opposition ballots, destroying opposition ballots, backdating ballots, re-running ballots through counting machines, restricting access of poll observers, and even assaulting and threatening observers.

Also, advising voters at the voting booth, ‘finding’ stacks of ballots hours and days later, feigning water main breaks to clear out voting precincts and then manipulate counting machines, delivering truckloads of computer-generated ballots, employing software susceptible to vote-switching, and untold numbers other illegal and un-democratic schemes.

The over-arching intent was to quash our constitutional right to vote in free and fair elections, to block the rightful, winning candidate from taking office, and to steal future elections at every level. All of these maneuvers, and others yet to be revealed, in the aggregate, required central planning behind them.

Big Questions, Currently Few Answers

Who delivered thousands of ballots by truck? Who drove the trucks? Did anyone have to pay for the trucks and drivers? Who summoned the drivers, in the wee hours, and who coordinated the delivery and timing? Who instigated the ‘water main’ break, or the equivalent excuse, in Atlanta? Who informed postal officials to instruct their workers to backdate ballots? Who directed postal workers to doctor ballots? Who directed poll workers to discard or destroy outside envelopes for mail-in ballots?

Where were the ballot mills located? Who printed thousands of ‘Biden votes,’ and delivered them in pristine condition – thus indicating that the ballots had never been mailed, and virtually had never been handled?

The further we examine the attempted coup against the United States, the more apparent it becomes that huge financial backers were involved. Who had the political bent, the resources, and the organizational capability to engage in such an endeavor?

We have witnessed that in the swing states of Wisconsin, Michigan, Pennsylvania, Nevada, Arizona, and Georgia, similar ploys and tactics were involved. Trump’s lead was so large that Biden’s operatives could not catch up without desperate measures. Other states, perhaps Colorado, New Mexico, Minnesota, Virginia, and North Carolina, could have experienced less noticeable, massive Democrat fraud, impacting congressional races.

Stamping Out the Plotters

An extensive investigation as to the coup architects must be undertaken, but who will undertaken this now that the perpetrators are in power? The state must act. To allow malfeasance on this level, historically unprecedented, is to invite it to happen again.

We’ve already witnessed justice abused or denied in regards to the DNC/FBI Trump/Russia hoax; Hillary’s 33,000 emails; Comey, Clapper, and Brennan lying under oath to Congress; and so much more. Many people are convinced that those on the Left are somehow above the law since no one is ever indicted, let alone prosecuted.

Each and every coup participant must be identified and this includes governors, some senators and congressional representatives, secretaries of states, board of election officials, precinct captains, poll workers, and perhaps poll volunteers.

This Will Not Stand

We fought the British for independence when we were completely outnumbered. We weathered staggering casualties in the Civil War and managed to come together. We overcame the legacy of Jim Crow and institutional racism, despite the Left’s continuing claims to the contrary. We prevailed in World War I, in World War II, after 9/11, and on so many other occasions.

Unless each and every one of the fraud participants, on every level, is outed, we are prone to such criminality in the 2022 midterms, the 2024 presidential election, and beyond. Our republic, our form of representative democracy, simply cannot stand if it is going to be undermined from within and the perpetrators continue to operate freely.

Jeff Davidson

The Fight Against Big Tech–A Plan of Action

Anger against big tech reached a tipping point during the 2020 Election, as conservative ideas were censored and stories critical of Democrats suppressed. With the ongoing purge of social media accounts, corporations are enforcing a free speech restriction that terrifies not only conservatives but free speech advocates across the political spectrum. The question now is how do we translate anger into tangible actions that will bring about change?

To fight big tech over the long-term, we need a comprehensive strategy that marshals the resources of investors and entrepreneurs, donors, elected officials and policy experts. Business leaders can foster an entrepreneurial ecosystem that is friendly to conservatives and individuals who want politics out of their workplace culture. Entrepreneurs in artificial intelligence, robotics, and biotechnology, among others, are already building companies that are future market leaders. Investors can assist nascent startups with becoming the next big thing in the tech industry while shaping company culture from the start. Congress, scholars, and writers also have a role to play by ensuring a regulatory environment that is friendly to the startup community and by creating policy solutions to the challenges and opportunities from emerging technologies. Google, Twitter and Facebook might be too far gone down the proverbial progressive rabbit hole, but that does not mean the next generation has to follow.

<div class="aside-wrapperImagine venture capital funding with the caveat that workplace cultures must be intellectually diverse and eschew the racial and gender quotas that NASDAQ and others are proposing. Startup cultures begin the day a company is formed. As companies grow, tendencies and informal practices become the norm, and then solidified in HR policies that make it difficult if not impossible for employees to challenge without risking termination. Investors can influence these cultures from the start. Additionally, investments can be made in social-impact startups that are seeking a positive social-economic outcome. There is an abundance of fintech startups that are working to assist people out of poverty with the help of technology. The same entrepreneurial spirit can help improve public housing or assist people suffering through the opioid crisis. While these issues will always be part of public policy discussions, the private sector has a role as well.

How would such a strategy even begin? Start by building a formal network of software engineers, venture capitalists and technology focused MBA students who reject progressive ideology. In 1982 the Federalist Society was formed to push back against the liberal ideology that dominated the legal profession. Create a similar network for conservatives in the tech industry. Incubators, pitch days and other tech forums need to be created and promoted by investors and donors that have financial means to turn ideas into reality. The network can assist its members in their career and call attention to bias practices of corporations promoting progressive policies among staff members and the public. Attorneys can assist workers who need legal assistance when they protest progressive bullying, such as mandatory trainings in critical race theory. The network can be a force in the private sector pushing back against the dominant left-wing culture of tech companies.

The typical Silicon Valley entrepreneur is not known for being a Republican voter, but that does not mean lawmakers should not make themselves friends with the startup community. Disruptive startups often encounter regulations that require expensive attorneys and outdated regulations created decades ago. These firms lack lobbyist and the influence of bigger companies. Republican politicians should meet with the founders and CEOs in their respective congressional districts to better understand the regulations that often prevent startups from succeeding. As I have written previously, financial technology firms encounter regulations that were created for a pre-digital age. Working to remove the barriers to success will help smaller firms disrupt the status quo and foster a better relationship between tech entrepreneurs and the Republican Party. Elected Republicans should champion startups looking to disrupt the Facebooks, Twitters and Googles of the world. Rolling back regulations can be leveraged to improve relationships with small companies that have potential to scale into industry leaders.

Underpinning these efforts must be a philosophy and policy prescriptions from scholars who research how technology is influencing society. The establishment center-right think tanks, such as the American Enterprise Institute, Heritage Foundation and the Manhattan Institute certainly have scholars studying these issues, but they number far smaller compared to policy experts in national security, society and economics. The problem with this balance is that artificial intelligence, biotech, and blockchain are no longer just components of national security, healthcare and the economy, as they were a few years ago. They are now the driving force that will have a direct impact on how Americans experience their lives. A critique of the Trump administration is that there were no briefing books or government officials in waiting ready to implement a policy agenda for a populist president. The Republican Party faces the same challenge now, in 2020, about technology. We need a governing agenda that can be communicated to the public in understandable terms and then implemented by elected officials and appointees.

The confluence of wealth, technology and raw power among big tech leaders is unique in our history, perhaps comparable to the industry titans of the late 19th century. The conservative movement cannot be passive confronting big tech and the challenges posed by emerging technology. A broad coalition must work across domains to challenge the status quo. We need a new, tech savvy network to disrupt the current industry titans, old hands to guide new companies, experts to develop policy proposals that are understandable to the public, and competent elected officials to implement the agenda. Just as technology now affects every aspect of our lives, so too must technology be part of every public policy discussion. Conservatives cannot sit idly by hoping the nature of the market corrects the biases of those in power. Working in concert, conservatives can build structures to change the future of the tech industry, and in so doing, change America’s future for the better.

Craig Caruana, Townhall