I am not here to build your self esteem. I am not the torch to illuminate your ignorance. Most importantly, I'm not here to make friends or influence people. If you do not know me, I direct you to my first entry as a means of introducing who I am and where I'm coming from.

Monday, March 7, 2011

America and Capitalism- the greatest love story ever told.

I may be too old for Sunday Funday. Some of the Usual Suspects and I went golfing slash drinking yesterday (Sunday) and now it's two am and I can't sleep. I was hoping I could just sleep through the whole feeling craptastic part of the post-drinking situation. I feel fine, just can't sleep- which is the sign I had more than 3 drinks. So now I'm blogging. It may turn out to be a nonsensical rant but - eh I've been meaning to get on this thing and blog more so why not now?

I'll start with the life update. Life is good. Almost too good. No, I have not met my soulmate (yet). No, I have not made millions (yet). I'm working on the later. (The former too, but unfortunately that is out of my hands for the most part.)

Okay time to talk about something intellectual. This may be challenging considering my current post-drinking hump and lack of quality sleep.

I read this article in Fortune last week about how China is going to beat us economically. The article basically said, first we should assume that China is going to surpass us, and that we should fallback on our other qualities as a nation to still feel superior. In a last ditch effort, the author threw in these random "American" qualities ("we have freedom", etc) that he thought would emotionally target his American readers and thus, they would agree with his original premise which is that China will beat us. The whole article pissed me off. In a single page, he declared that the American Century was over but we should just start measuring success by something else than economic output. Let me address his two main points.

Idiotic Point One: China beating us economically. I read this crap all the time. All the self declared economic geniuses in my nerdy magazines point to all these economic indicators suggesting China's gain on the United States within the next decade. Yeah, these are the same geniuses that predicted 2008- oh wait, they didn't. Let's start with the numbers. "China is growing at 10% a year." A number that China's single party system tells the world.

Idiotic Point Two: Our specialness (insert demeaning tone) should be our fallback new measurement. Because let's just declare we are losers and throw the towel in. Isn't this what is wrong with our country? We don't care about maintaining our superiority? Some people don't even want to admit we are superior. That may be "insensitive" to other cultures, or "biased".

Rebuttal in Short: We are superior in every way that matters. We do not have to make up new standards for something to fall back on; we are the standard. This writer is a pathetic excuse for a journalist. Isn't he supposed to be "intellectual"? We built the American Century by not making excuses, but instead reveling in what makes us superior and what makes us inevitably more successful than any other nation in the history of man.

Full Rebuttal: [This part is a tribute to America and Capitalism; the greatest love story. If you are in any way a socialist, or hate America you will call me a lying idiot who is racist upon reading the next portion of this blog.]

To have the most successful economy you need a "laissez-faire" system. Think about it for a second- by definition, a free market system can only work in a free market. The efficient distribution of goods and services can only be accomplished if people are free to develop and purchase things without intervention. The problem with assuming China will gain on us, is that it neglects the single most important factor that allows for an economy to flourish is the government of the country. The reason the American Century exists at all, is because America's founding principles are based on an individual's right to freedom and personal property. The Founding Fathers were not idiots. They wanted to perpetuate a market system that allowed them to continue to increase their wealth without outside influence. (A fact my pinko high school history teacher would constantly point out as a bad thing. I hate the socialist policies of our education system- but that is a whole other blog.)

Even in declaring our independence, Jefferson pointed to the unalienable rights of every individual; "life, liberty, and the pursuit of happiness". This creed was originally "life, liberty, and property" as written by Locke; among the most influential political theorists on the Founders. Seeing this alone makes it rather obvious that the free market system based on the capitalistic principle of obtaining property was the very founding point of our nation.

The Founding Fathers' belief in capitalism is all over their writings and personal lives. Hell, George Washington took a failing farm and turned into one of the most inventive farms of the time through his own labor and clever financing (now the spectacular Mount Vernon). Friends, it is not a coincidence that never has the world seen such economic prosperity until the United States was founded on the very principles of free market capitalism.

So I guess my summary point is this. China will not beat us. They cannot. Their government structure will inherently limit their prosperity. China cannot sham its way into the "Chinese Century". It is a single party system that dictates to its citizens where they will live and in what industry they will perform; it has no free flow of information and is run by only the very few. If you desire to participate substantially in the markets, you must be a party member, and you must play by the states' rules. Note, these rules are not standardized nor imposed fairly and publicly. Simply read about happened a few weeks ago after a few disgruntled citizens began protesting following the Egypt riots- the government essentially mowed them over. In no way can China compete with a nation that shocked the world with the efficient and speedy mobilization of the Tea Party.

A system that routinely steals the intellectual property of others who create it has no understanding of the markets it seeks to dominate. They cannot compete with a nation that refined what the world now uses to determines its winners and losers (aka capitalism).

In my book, they have already lost.