Many people believe that practicing capitalism has failed us in society by bringing hardship upon common people due to the greed of the few that benefited at their expense. This is an economic system that is practiced among citizens and businesses operating in their own interest with the Government intervening through regulation and taxation, but such Government does not practice it directly by planning and determining the economic outcomes. These activities are conducted among citizens in society and they should bear the consequences whether it is the benefits of good decisions or the failure of bad ones. It is well known that capitalism creates excesses that must be occasionally corrected and there are times that some misdeeds do go unpunished. Nonetheless, it is a very efficient system overall because outcomes are directly shouldered by those that initiated the respective activities – or so they should be in a “truly” capitalistic model. Whether capitalism has been honestly practiced is certainly a subject for debate. However, we have seen many businesses fail over the last few years through a process of creative destruction, but new ones should rise from their ashes with new lessons to heed, and this is how it should be if true capitalism is allowed to function as intended.

Aside from businesses failing or restructuring to better compete and provide a better product or service to the public, capitalism certainly is not the cause of cities, states, and nations failing that we are starting to see around the globe including here in the United States. This has been triggered by the destructive debt loads that Governments have burdened their citizens with in order to buy favor, create entitlement, and to control economic outcomes to serve their own purposes. Another way of stating this is Governments encumber their citizens with debt to facilitate their objective of controlling and subjugating them so that bureaucrats can determine the outcomes in society according to their preferences. This practice continues to the point of insolvency thus being unable to pay debt back or borrow more, and this is of no concern to politicians as long as their power and control are maintained in the process. The destruction of once prosperous nations is what we are beginning to witness throughout the world, and it makes one ponder these questions…

If capitalism is responsible for the hardships upon individuals and businesses in society since it is directly practiced by them, then what system is practiced by Governments that are destroying the various cities, states, and nations? What system allows Government to determine what is done in society and how it will be accomplished? What system has Government in direct control of decisions, planning, and the allocation of resources? It is this system that will unleash destruction to such an extent as to impoverish citizens or at least severely lower their living standards. Identifying this detriment should be our greatest concern, and obviously it has nothing to do with capitalism since Governmental entities do not practice such. If people honestly believe capitalism has failed them, then the failure resulting from a Government directed society may just change their views once it is realized that their future has been sold down the river by politicians, and it is being done by promising a false utopia using the system of their preference that begins with an “S” and ends with an “ism.”