○ Work hard for yourselves, kin, and family. ○ Industrious, should thrive. You should keep the fruit of your labor. ○ Keep government OUT of businesses. ○ Businesses and Corporations ○ Wealth would be distributed into fewer and fewer hands, all working for the man. ■ Government should never be involved in business activity ■ Government Minimize regulation and taxation. ■ Government should provided a minimum of social benefits. ■ Pro wealth concentration. Anti-government economically. World Economic Spectrum:
● Extreme Left: ○ Communism: ■ both a political and economic system: Communal ownership of all resources, property, food and means of production. Everyone as an equal piece of the pie. ■ States only function to distribute the wealth, and organizer of everything. ● Extreme Right: ○ Capitalism: ■ Ownership by the few. Everything is in private hands. ■ The state government owns and controls nothing. ■ Simple principles like supply and demand will dictate the economic ■ Private Hands. ● Where does pure capitalism exist in the world? ○ NO WHERE. ● Flaws with pure communism: ○ Greed. Easily corruptible. ○ Too complicated to work by a few diplomats ○ Because extremely stagnant. Low motivation and competition. ● Flaws with PURE Capitalism: ○ Becomes stagnant- too much consolidation of wealth, to the few.
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