Monday, January 14, 2008

Score one for capitalism

Capitalism sometimes gets a bad rap. Sometimes it looks like it deserves it. I would argue, however, that it's not capitalism that gets a bad rap, but greedy people who twist, use, and abuse people. So, here's one for capitalism.

First, here's an article by Mark Steyn that says some things I've been feeling, but couldn't express about this election. It takes issue with some of the platitudes and jargon that have become common in this political race.

Second, here's (almost) capitalism at its finest: http://www.kiva.org. This is a website for an organization that uses money (read: capital) loaned from the wealthy to upstart entrepreneurs in developing countries to get their businesses off the ground. The businesses have repayment terms. (This is almost capitalism because the money is repaid without interest or bigger return. However, it's so close, it's scary!) I love it! (And evidently, so do lots of other people: They have had to limit the amount of money because so many people are lending.)

Thanks to my cousin Jo for pointing out this site.

1 Comments:

Anonymous Anonymous said...

I think capitalism is like democracy: The worst system except for all the other ones that have been tried. I don't favour a totally "free" market, though; I think there's room for gov. regulation and intervention.

1/14/2008 09:58:00 PM  

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