According to the American left, we should aim for socialism, which is a far more ideal society. You know, the kind of socialist system that has never worked anyplace on the planet. But the type that only they are capable of supervising.
To do so, they promote the benefits of socialism over capitalism. That tone of laziness in economics and a scarcity of young entrepreneurs portends issues for our country.
Years of Obama's, Bernie Sanders', Elizabeth "Fauxcahontas" Warren's, Joe Biden's, Kamala Harris', AOC's, and the populist left-wing media's influence have led today's youth to believe that socialism is a utopia of lovely goods for which no one pays.
They believe that free education, free health care, and free housing are the best features of socialism. They are not, however, taught the plain lesson of history: Socialism's three main failures are invariably breakfast, lunch, and supper.
I'm hoping that the present generation can change their ideas. According to statistics, the number of adults under the age of thirty who own a business is at its lowest level in thirty years. Less than 4% of people possess an interest in a private firm now, compared to 6.1 percent in 2010. Even more alarming, in 1989, this figure was slightly under eleven percent.
The trend toward a lost generation of entrepreneurs has far-reaching consequences for our economy's progress.
We have raised children who are fearful of taking risks and working hard. And an increasing number of people seek a government job or a disability check. They believe "free markets" are "free" because the government pays for them — as it should. In a generation that expects participation medals and stay-at-home Covid checks, courage dwindles.
Perhaps this generation was brought up in bubble wrap. There will be no bike riding (definitely not without a helmet and shin protection), no dodgeball at school, no neighborhood games, no drinking from garden hoses, and no chatting to strangers. For ninth place, we award ribbons, and everyone gets to participate. We used to ride dirt bikes and bumper cars forty years ago. The most popular rides today are Wal-motorized Mart's shopping carts.
If there's anything to be afraid of, it's that we dread too much. Risk is a wonderful thing. Risk provides us valuable lessons. Good things come from taking risks. Failure is unavoidable; it is a result of taking risks and should not be mocked. It is the failure to attempt that is to be mocked.
The substantial student loan burden many liberal college graduates carry may also limit their willingness to take risks. They are told that capitalism is evil and that, somehow, “making a difference in the world” involves some lame government bureaucracy job.
We've been importing a lot of entrepreneurs who see the potential that our country once had. A comedian said that his immigrant father arrived in America with only $35 in his pocket ten years ago. "He had $4.6 million in stocks and bonds," he hesitated, "so I suppose what I'm saying is that he wasn't big on carrying cash."
To promote their statist/socialist agenda, Obama and other liberals presume the faults of capitalism and capitalists. However, the facts are clear: free-market capitalism is a considerably more virtuous system than government, and it has done far more to better mankind's condition wherever it is permitted to thrive.
Compare the United States to the rest of the world to see the riches that our historically free market system has showered on us. Travel to any third-world country with a strong central government and a stranglehold on business, and witness the poverty, crime and misery spawned in places like Venezuela, North Korea and Cuba.
Capitalism did not saddle us with a $30 trillion – and increasing – national debt that was borrowed from future generations in order to push damaging dependence political agendas and purchase elections. Is that a "moral and just" statement? Businesses employ people, assist in the provision of health insurance and other benefits, pay taxes, advertise, support local charities, and contribute to a community's character. Look into who funds your town's Little League teams; those are the heroes of your community.
So, how is government morally superior than business? The government takes money from productive individuals and redistributes it to its allies. Government generates no value and adds no value.
President Trump pitched his Platinum Plan for African Americans to an African American. It would reward black businesses with $500 billion in government backed financing. Hunter Biden donning blackface, I believe, is a sting operation.