Gingrich and Perry show what a lifetime in government can do to anyone. If you’ve never experienced risk, you develop a disdain for the entrepreneurs, the business-builders, who actually take risks. Romney spent the best part of his life putting his name, his family, and his well-being on the line to create financial success for himself – and he understood that the only way he could achieve that success was if others succeeded as well. If companies in which he invested grew and expanded, their value would grow along with their profits. This is what is called capitalism – an American system that Romney lived and in which he succeeded. He truly gets it. Only individuals who view our economy through the prism of government would criticize his actions.
The left, given voice through the mainstream media, question the values of capitalism. They advocate the expansion of our society’s safety net not just for the truly impaired, but for the morally challenged. They believe that government should choose winners and losers; much like Obama did by crushing the shareholders, bondholders, and owners of dealerships at GM to reward his favored constituency – the unions. Or they rejoice in “investing” government dollars in “green energy” companies like Solyndra because it’s the “right thing to do” – despite the fact that no one risking their own money would ever dream of funding these projects. These government-centric transactions are reminiscent of the failures of the Soviet system, whose capacity for picking losers was legendary.
These people are truly misguided. They deified Steve Jobs after his death, but conveniently forgot that without venture capital, he would likely have remained an unknown hippie. They bemoan deregulation of capitalism, but fail to realize that we would probably be walking around with six pound rotary phones without the free market at work. They hate capitalism’s effects, but worship the productions on HBO that would never exist without government getting out of the way.
Gingrich and Perry have finally brought clarity to this election. They have drawn a bright line for Republicans – are you a capitalist or are you for government making decisions. Are Republicans just the same as Democrats, just a little less, or do we believe that economic choices are best left in the hands of individuals? Thankfully, neither of these two candidates will be doing anything other than licking their wounds – and hopefully, reading Milton Friedman’s Capitalism and Freedom. Who knew that Romney would turn out to be the true conservative in the race?
We now know what this election is going to be about: We’re going to put capitalism on trial. Romney will be running as the capitalist. Obama will be the cradle-to-grave government guy. Now as the great boxing referee Mills Lane would say “Let’s get it on.”
But God forbid for the future of this country and the free world if Romney and capitalism do not win.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins