Capitalism = Political freedom

Janet Daley wrote a great article about economics, politics, and democracy today that is great. As you start reflecting on The Truth Project, you may want to read this article to remind yourself about The American Experiment. In fact, she refers to America in those very terms.

I found the article very interesting on several levels. My initial reaction to the article was how she was able to distinguish the nuances of the ideas between capitalism and socialism. As people of "the Word", we must always remember that words matter. We must be precise in the words we use and not be sloppy with the meaning. Ms. Daley's article reminds us to choose our words carefully and get clarification from others when they are imprecise with their words.

Another aspect of the article that struck me was her grasp of the linkage between politics and economics. She correctly identifies that what most people identify as economic discussions are in fact political discussions. Many of the woes in our economy are not due to "economic" problems but political interference in the area of economics. Ms. Daley rightly points out that when there is free exchange within the economy, there is an inherent set of checks and balances that take place. (Not instantaneously, but there are corrective mechanisms to keep power in check.)

Finally, the article is interesting to read because it is an "outsiders" perspective on the American Experiment. She has a better grasp of the basics our government than most Americans, at least the founding principles. Although, I would disagree with her view of America's willingness to give up freedoms. I see far too many people who are willing to sign away freedom in order to fulfill their own self-interest.

I would highly encourage you to read this article. I'm making a copy of the article for myself to keep for future reference and to give away to people who "just don't get it" when it comes to capitalism, politics, and freedom.