Others - China, Japan, India - may steal American intellectual property and reproduce the products more cheaply, but the creative breakthroughs have come from America, driven by free-market capitalism.
In the same way, many people are driven by the passion to "Make money." That is not my passion, and maybe it is not your passion, but it is their passion - just to keep making more money.
Many of America's main leftists - Bezos, Steyer, and Zuckerberg - are driven by the unquenchable thirst for more money.
Less-established Americans who harbor creative new ideas come to them and say, "This food or appliance or clothing or leisure activity will make all our lives better, but I don't have the money to make my idea succeed. I need your money." The investors listen and, motivated primarily by personal greed, decide whether to commit hundreds of thousands of their own dollars to one idea, then another.
The investors never seem to run out of money for investing because they already are "Too rich." They already have accumulated so much money that they can invest endless millions in endless new ideas.
The result: every time they put up more money to make even more money all our lives improve.
Private billionaires, because they are driven not by politics but by their own greed to make more money and by their own caution not to lose money wastefully, direct investment capital to worthy projects that have high probabilities of succeeding.
https://spectator.org/how-socialism-works-part-two-a-primer-for-economic-idealists-and-others-who-just-seek-goodness/
In the same way, many people are driven by the passion to "Make money." That is not my passion, and maybe it is not your passion, but it is their passion - just to keep making more money.
Many of America's main leftists - Bezos, Steyer, and Zuckerberg - are driven by the unquenchable thirst for more money.
Less-established Americans who harbor creative new ideas come to them and say, "This food or appliance or clothing or leisure activity will make all our lives better, but I don't have the money to make my idea succeed. I need your money." The investors listen and, motivated primarily by personal greed, decide whether to commit hundreds of thousands of their own dollars to one idea, then another.
The investors never seem to run out of money for investing because they already are "Too rich." They already have accumulated so much money that they can invest endless millions in endless new ideas.
The result: every time they put up more money to make even more money all our lives improve.
Private billionaires, because they are driven not by politics but by their own greed to make more money and by their own caution not to lose money wastefully, direct investment capital to worthy projects that have high probabilities of succeeding.
https://spectator.org/how-socialism-works-part-two-a-primer-for-economic-idealists-and-others-who-just-seek-goodness/
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