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Michael Moore has made a new documentary called, “Capitalism: A Love Story”. In this documentary, he comes to the conclusion that capitalism is evil, and it should be replaced with… I’m not making this up… democracy. “Capitalism: A Love Story” supposedly shows the evils of capitalism and how a new era has been ushered in with the election of President Obama.  Moore has been quoted as saying,

“Capitalism is an evil, and you cannot regulate evil. You have to eliminate it and replace it with something that is good for all people and that something is democracy.”  Reuters

I guess we will have to wait until this film comes out to know exactly what type of “democracy” Moore thinks we should model. Perhaps the Democratic People’s Republic of Korea?  Or how about the Republic of China, which according to it’s Constitution and Mao Zedong, is a People’s Democratic Dictatorship?  Maybe he wants us to model democracy from the Democratic Republic of Vietnam?  All of these “democratic” countries agree with Moore that capitalism is evil.

If we have a system that promotes freedom and liberty, then capitalism is what naturally evolves.  If you want to start a business, you have the freedom to do it. If you want to quit your job and get another one, you can do it.  If you want to go to college or learn a trade, you can do it.  Choice is what we get with freedom and liberty, and choice is what drives capitalism.  For a great book on the subject, I would recommend Free to Choose: A Personal Statement, by the late Nobel Prize winning economist, Milton Friedman. In this book, Friedman illustrates how freedom and capitalism lift everyone up which is the opposite of “Capitalism is an evil” that Moore’s new documentary will put forth.

I wonder if Moore will compare the standard of living differences in capitalist countries and non-capitalist ones? Probably not.  I think he will go with his usual method of showing the few people that have not benefited from the freedom and liberty we have in America.  Then, he will show the few people who have benefited from the anti-capitalist system in socialistic countries while ignoring the multitudes who suffer at the hands of socialist dictators around the world. I’m sure he won’t let things like facts and the historical results of capitalism get in his way of tearing down and insulting America and our liberty.

When did it become acceptable for politicians to decide how much money a company is allowed to make?  When did profit become a bad word?  When did our government seize the power to decide how much is too much and to tax away any profit they deem excessive?

The AFL-CIO and many Democrats are now pushing for a new tax on stock transactions.  It would specifically target large firms, like Goldman Sachs.  Some of these firms have recently started to make money again and now, some of it might be taken from them.  The proposed tax would be very small, about a tenth of one percent on all stock transactions, so it would not have much of an impact on small time traders or the average middle class investor.  It would, however, have an impact on large firms that trade a huge volume of stocks each day… and that is exactly what it is intended to do.  Apparently, making a profit is wrong, and it needs to be seized by the government so they can use it for more programs and entitlements.

Thea Lee, policy director at the AFL-CIO, spoke of the proposed tax and said,

“This would discourage numerous financial transactions.  People flip their assets several times in an hour or a day.  They make money but does it really add to the productive base of the United States?”  source – The Hill

Lee is claiming that since the profits these large firms are making do not add to the productive base of the United States (which is a false statement), they are fair game for government confiscation.  Does this seem

If you know anything about Ron Paul, you know he is in favor of auditing the Federal Reserve.  He has put forth a bill in Congress, H.R. 1207, that would do just that.  The bill has attracted many co-sponsors, but now Barney Frank appears to be willing to support a version of the bill.  This is shocking to me since Ron Paul and Barney Frank could not be farther apart in political philosophy.  Politics definitely makes strange bedfellows!

From the Yahoo Finance website,

WASHINGTON (Reuters) – Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve’s emergency lending powers and subject the central bank to a “complete audit.”

At a recent town hall meeting,