Archive for Economic System

Why Young Americans Should Not Abandon Capitalism

Popular media paints a bleak picture of capitalism and touts the benefits of socialist values.  Those views tickle the ears, but do not hold up to scrutiny and critical thinking.  Don’t fall into the trap of going with what sounds good rather than what truly is good and beneficial.

Many benefits available to you and the American way of life are only possible in a capitalistic economic system.  I want you to take away a viewpoint that capitalism is a positive, compassionate system.  Seek out, read and become informed about the fundamentals of Capitalism.  Realize how the application of the principles will benefit you and then decide to engage the system to your benefit.

Paladin Pillar Article

This post is a pillar article for the Paladin blog.  An article by Sarah Kendzior in Foreign Policy magazine details many reasons that young Americans are believed to be giving up on capitalism.  While that article was a gut punch, it exposes many of the maladies of the past eight years or so that have caused young Americans to begin doubting our system.  They have begun to feel like our system might not be the best, despite not having personal exposure to a longstanding socialist economic system.  As you read the Paladin About page, you will find that this blog is all about promoting Capitalism.

One of the blessings that I have enjoyed in my life is the opportunity to travel the world and gain first-hand knowledge of political-economic systems different from my own.  This exposure has reinforced the belief that America has The Best Economic System at its core.  It is my belief that if the principles of capitalism were studied and employed by every American, many of the maladies mentioned in Kendzior’s article would have self-corrected.  The short sighted actions taken by thousands of Americans led people into traps that impacted us as a whole.  The root of these problems goes much farther back than when their impact was first observed.  A mix of actions by the government, financial institutions and industries has fed the problems.

To the Young American Launching into the Workforce

So, how does this apply to a young American who is starting out in the workforce?  Understanding how the system that you are entering works will help you understand your role and the opportunities that you can benefit from.  Of course, you can go out there and experience it first if you want to.  Better to study and learn from others how it is intended to work.  You will suffer fewer knocks if you know what you are getting into.  Words to the wise, it is up to you what you do with them. Read More →