Monday, June 21, 2010

Assault on Capitalism

To say that there is an assault on capitalism in this country is an understatement. From the bailouts of wall street and motor companies to the calls for the Venezuela style take over of BP the assault is obvious. I have only two quick thoughts I'd like to share.

1. We don't currently have a capitalist system. The government is intertwined in both banking the motor companies, oil, just about every sector of the economy we see struggling is already highly regulated by our government. The arguments that it was capitalism that led to the economic troubles we see is a fallacy.

2. (And this was the real point of this post) Nearly every day I hear people whining and complaining about how much money the gas stations make on a gallon of gas. I hear people complaining about the cost of health care, insurance... etc.

The same question always remains. If you really believe they have such a high profit margin, then why haven't you opened your own business. You could undercut their price and make money hand over fist. You don't even have to become a doctor. Just open a clinic, hire some docs, charge a lower rate and watch the people flock in your doors. They will be glad you are charging less, and you can swim in all your profits like scrooge mcduck. But you don't. I wonder why. Either you are not willing to take the risk, or you don't really believe what you are claiming.

There is also another option. It is possible that you don't believe there should be a profit allowed. That clinics and doctors should be run as non-profits. In which case you are a hypocrite.

I think your industry should be non-profit.