Monday, December 07, 2009

I like Terry Paulson's column on Free Enterprise

Terry Paulson starts off his column Free Enterprise—Time for Respect instead of Envy with:

Milton Friedman said with passion: “The record of history is absolutely clear that there is no alternative way, so far discovered, of improving the lot of ordinary people that can hold a candle to the productive activity that is unleashed by the free enterprise system.” American capitalism, as imperfect a system as it is, has made America the “shining city on the hill” where immigrants still stand in line and cross borders to find opportunity.
Those who worked hard to earn their American Dream used to be respected. They were a source of inspiration and jobs for those who aspired to their own success. Americans took pride in being the land of opportunity where anyone could better their position in life.
How then have those who have worked hard to achieve success now become the subject of envy and derision? When did it become acceptable for Americans to embrace candidates who could openly brag about redistributing the wealth of the top 5% of wage earners to subsidize their supporters?


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