Posted by: thebylog | March 26, 2007

Isms and the Economy

I’m no economist, and don’t even know much about economics and the various systems of economic thought. But Amy and I were talking the other day, and we happened upon this thought:

The problem with communism as an economic system is that it assumes man is innately good. If this were true, it would be successful.

Capitalism, on the other hand, assumes no such thing. And, not surprisingly, it is relatively successful.

But before you embrace capitalism as God’s great gift to humanity, the previous statement – the one about assuming man is not good but bad – if true, should at least make you think about it.

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