Obama recently told a group of college students that the economics of "you're on your own" doesn't work, that we've tried that. Well, Obama was never a very good student from what I understand, he was socially promoted in many cases and kept on as a favorite, so I can overlook his poor take on history. Or, maybe he has been re-writing history so long he doesn't recall the actual history. Either way, the fact is that we have never tried "you're on your own" economics, not before the first depression and not in the past decade.
Our economics have been capitalist. At times the capitalist nature has been to blame for poor government, but it has never been responsible for poor government. Capitalism is an economic philosophy, not a system. Socialism is an economic system wherein the government functions as part of the system, this is not so in capitalism. Communism is an economic system wherein the government functions as the prime mover in the system, this is not so in capitalism. Capitalism exists independent of the government, this is why we refer to our governmental and economic systems as separate, i.e. the republic and as capitalism. We could just as easily have a democracy and capitalism. We could have an oligarchy and capitalism.
Capitalism for all of its detractors is really nothing more than the ability of one to accumulate capital and to expend that capital in the way one sees fit. It is not a boogey man that comes in and dictates the temperature of your home, the amount of bread one can buy, or determines one's need for an automobile as the other systems attempt to do. The other systems see capital as a possession of the government to one degree or another and its direction, its uses, as a means to control and serve the population (though it hardly ever serves more than the bureaucrats who administer the goods).
What people like Obama hate about capitalism is that it does not serve them personally with power and in some cases can mount a rigorous defense against the state. Sadly, Obama has proven so many times that, his soaring rhetoric aside, it is the power that he craves and any challenge to his authority is an invitation to harassment and degradation. It's how he plays ball: all elbows and knees. I wish only that he could take the blows as well as he dishes them out. But then, he wouldn't be the petulant child we have come to know.
What has been tried, Mr. President, is socialism and communism and one need only look to North Korea to see the most recent successes it has fostered. One need only see Greece, Spain, Portugal and Zimbabwe to understand the consequences of socialism. What is it about these failed states that draws him so close to them and away from the only success story of an economic philosophy the world has ever known?
The trouble with people like Obama is that they are such dark-hearted, self-loathing, weak-character'd people that they can only understand humanity as thousands of people like themselves and distrust the goodness that naturally resides in the rest of us. We are not you, Mr. President, we are good people with kind hearts who seek out opportunities to offer charity and kindness to our fellow humans. Largely, this is because the greater share of us are Christians and follow the teachings of Christ who informed us of this duty, not to get into heaven, because that cannot be achieved by works, but by faith alone, no, this duty is ours because we emulate Him and seek His humility, His kindness and I know you cannot see that, because you spent your time in hate-filled churches like those of Jeremiah Wright, where everything was a battle, where America was a bad place.
Capitalism is the engine of personal good deeds that does not go through a committee hearing and a legislative language session. Capitalism allows us the opportunity to grow wealth and then to distribute that wealth to the lesser advantaged among us. Capitalism allows us to be Christians, whereas, if everything were owned by the state and managed by councils and distributed by government trucks there could be no Christianity, because we would lose the opportunity to fulfill our duty and we would hate the government for having stolen our chance to do as we were instructed.
The best part of history, Mr. President, is that it has a way of holding people to their words, keeping track of their famous sayings, their petulant tantrums long after the heat of the moment has died and more rational players have taken the stage. Unfortunately, your words will be mocked for the rest of time, your moment on the world staged notched as one of the more egregious acts of self-delusion. They might even come to know you as they have come to know the name Nero.