Kimball discusses a topic on which I am often hammering here: the topic of wealth creation. Liberals and Lefties often talk about money as if it grew on trees, and talk about themselves as if they were being generous by taking it and spending it.
The Boris Johnson piece which prompted Kimball's post is here. One quote from it:
I want to hear politicians talk less about themselves and their priorities and more about the entrepreneurs, the people who get up at 5am to organise their business or cut deals with the other side of the world. Every time you hear politicians swanking about what they are going to do with public funds, remember that wealth was ultimately created by private enterprise; and, if they don't help the wealth creators, they won't have any money to spend.
And from Kimball's piece:
Mr. Johnson has tailored his comments to the situation in London. But they apply equally to the United States. One of the many blighting effects of socialism is the distorted view of economics it disseminates. Economics is not primarily about the distribution of wealth. Rather, it is about the creation of wealth. That is the conditio sine qua non of the whole game. That is why capitalism is superior to every other economic arrangement yet contrived: given its head, it is a far more efficient engine for the creation of wealth than all its competitors. Remember this the next time you hear "politicians swanking about what they are going to do with public funds": the money they are planning to distribute "was ultimately created by private enterprise; and, if they don't help the wealth creators, they won't have any money to spend."
I have never understood why Lefties and Liberals disparage business. Without business, they would be nowhere. Business is the engine that makes everything work, and entrepreneurs, inventors, businessmen, financiers and investors run the engine for us. We should be grateful to them because, without those guys, we'd all be out of work.
h/t, Blue Crab
