Without capitalism, which rewards hard work and sacrifice, they (the poor) will wait forever. No economic system in history has alleviated more poverty, generated more opportunity and helped more formerly poor people become rich than capitalism. Capitalism is freedom to risk, freedom to work, freedom to save, freedom to retain the fruits of one’s labors, freedom to own property and freedom to give to charity.
The problem with modern capitalism … is not too much freedom, but too little. The regulation of free markets by governments, the control of the private means of production by government bureaucrats, and the unholy alliances between governments, banks and industry have raised production costs, stifled competition, established barriers to entry into markets, raised taxes, devalued savings and priced many poor out of the labor force.
It is impossible to be charitable with someone else’s money. That’s theft, not charity. If you give until it hurts, freely and out of love, and seek nothing temporal in return, you have built up treasure in Heaven. However, if the government takes from you and redistributes your wealth to those whom the government has decided to benefit — rich and poor alike — what merit is there in that for you? If you give a poor person a fish to eat, in a day, he’ll be hungry. If you show him how to catch fish and teach him how to acquire the tools needed to do so, he can become self-sufficient and perhaps one day rich enough to help others. If the government takes money from you to buy the person a fish, half of the money will be wasted.
Many … prefer common ownership of the means of production, which is Marxist, or private ownership and government control, which is fascist, or government ownership and government control, which is socialist. All of those failed systems lead to ashes, not wealth.
The brief excerpts above were extracted from an article by Andrew P. Napolitano, a former judge of the Superior Court of
. Judge Napolitano is the senior judicial analyst at Fox News Channel, who has written seven books on the New Jersey Constitution. Other political text about the Catholic Church and the Pope has been omitted from the lengthy source article, which follows. Thanks Judge, you’re a great voice for freedom! U.S.