The Profit Motive of Capitalism

Chester McAteer

Apparently a great number of people in this country don't understand that the Profit Motive is exactly why our people experience a much higher quality of life than most of the countries around the world. Profit has been vilified in the minds of many due primarily to the Leftist ideology that permeates the minds of many.

The Profit Motive Is precisely why technological and medical development advanced so greatly in this country rather than in every other country in the world. When the Profit Motive compels one producer to raise prices then it’s the same Profit Motive that compels a competing producer to reduce prices in their own self-interest to gain an increase in the overall market share.

It is the Profit Motive that allows our people to have a multitude of food sources rather than starvation. We have the opportunity to enjoy luxuries, a large selection of homes, vehicles, products like appliances, energy, clothing, electronics and a myriad of other products and services.

The Profit Motive allows for abundance rather than want. It allows for access to cheap, reliable, plentiful, life-saving fuel and energy sources that bring us the conveniences to make our lives so much easier without the toil of past generations.

In many countries, the Profit Motive was banned, like in Communist Red China where starvation killed upwards of 45 million innocent people due to the ideology of Leftism. The only thing that changed the situation in China was when the CCP allowed farmers to profit from their labors.

Leftism comes in various degrees, but no matter the degree it causes economic distortions, harming the very people it always claims to want to help. Imagine the possibilities of an actual Free Market and if it were allowed to function in this Country and the World. Logic dictates, therefore, if the markets were once again free to actually operate, the general wealth of this country and its people would be greatly enhanced and poverty essentially eliminated due to a greater scope of available opportunities.

You want to see prosperity and a drastic reduction in poverty, unleash the actual Free Market from the claws of government overreach.

Tim adds:

Exactly right Chet. I remember an episode of All in the Family where they were trying to mock captialism. Archie said "what's the point of working hard all your life if you are going to end up equal" and we were supposed to laugh at that (because Archie sounded crazy when he said it.) But that is actually the reality of this world and economics; nobody works for someone else.

I would add that the Pilgrims experimented with socialism and starved - until they allowed the colonists their own plots of land. After they privatized the harvest boomed and they wound up having surplus food.

Time after time we see that; free markets make wealth and surplus to feed the poor. Controlled markets aka socialism leads to scarcity and bad quality.

\And as we move out of a free market we see that here in our own economic system. People aren't working these days in America and our variety of goods and services are down - and the prices are way up. That's because government has made it more attractive to stay home and enjoy time off than go bust your hump at a job. So businesses are now struggling to find workers, and services are suffering. It all goes back to the "social safety net" they employed during the pandemic. It's now a hammock and too many Americans are enjoying the lazy siesta days.

Posted by: Timothy Birdnow at 07:46 AM | No Comments | Add Comment
Post contains 602 words, total size 4 kb.