Capitalism

Just had to pass on a post I did for one of my college classes. Especially since Michael Moore is going to be railing against capitalism in his next movie, while at the same time making millions on his idiotic fake documentary movies that are nothing more than propaganda. A WORD TO THE WISE: DO NOT LINE MOORE's POCKETS WITH ANY MORE MONEY, YOU ARE BEING USED! Below I explain what traditional capitalism is all about. Take out government and the problems with big business will correct and regulate themselves through competition and consumerism.

I agree totally with the traditional approach to capitalism. Competition makes consumers in charge of a free marketplace. There is no need for government to get involved because a free marketplace is self-perpetuating, self-regulating and self-correcting. In the text they make the case that the traditional view all changed with oligopolies created by the Industrial Revolution. I disagree with that notion. All companies no matter how big or small, should be allowed to fail or succeed on on their own merits without the help of government. You can't have it both ways. If you are going to complain about oligopolies and then on the other hand have government prop them up with handouts, you no longer have a free market system. I don't believe in the notion that "some companies are too big to fail". When companies get too big and are no longer creating goods and services the consumer wants, they should be allowed to fail. It is just part of a natural self-correction in the marketplace that will always take place from time to time. It's only when government enters into the picture that the free market system becomes corrupted.