The Quote by Adam Smith on the Rising Tide of Capitalism:
“It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people.” -Adam Smith on the Rising Tide of Capitalism
My Take on The “Rising Tide” Created by Capitalism:
I love this quote by Adam Smith about the rising tide of capitalism from The Wealth of Nations because it shows exactly what the benefit of capitalism is.
At best, socialism or mercantilism keep the level of wealth in the world the same. Because of that, there are always masses of poor in those nations. No wealth is created to lift them out of poverty. That is where the rising tide of capitalism comes into play.
Capitalism, unlike socialism, helps the poor. As long as business owners are free to pay their workers what they please and don’t have to deal with ridiculous government regulations like the E-cig ban in Michigan, capitalism creates tremendous amounts of wealth in society.
That newly created wealth makes everyone richer. The producers who take on more risk earn more (which is why wealth inequality isn’t a problem), and they spend that money freely, thus boosting the economy.
In a socialist system, however, that is not the case. Instead of wealth being created, it is destroyed as bureaucrats waste it on ridiculous military and vanity projects, or through mismanagement. Hence why private companies always beat public projects.
A tremendous number of books show that. The Billionaire Raj and The Republic for which It Stands show how businesses thrive and the rising tide of capitalism “lifts all boats” and helps the poor. Atlas Shrugged and famous quotations from it, such as Francisco D’Anconia’s quote about money, show the deleterious effects of government regulation. And as this Adam Smith quote shows, The Wealth of Nations is a great resource to learn about why capitalism works.
If you care about helping the poor, support capitalism. The rising tide of capitalism will lift them out of poverty. Socialism will just make everyone poor because socialism is suicide. College conservatives need to make their peers see the value of capitalism over socialism when it comes to diminishing poverty.
The only way to do so is to constantly defend it, especially through the use of well thought out quotations such as this Adam Smith one on the rising tide of capitalism.
We must defend the idea that the rising tide of capitalism lifts all boats because it is, I think, one of the most important and irrefutable lessons of history.
For most of recorded human existence, life was, in the words of Thomas Hobbes, “nasty, brutish, and short.” But now, whatever the liars on the left that are in support of expanding programs such as the failed war on poverty say, life is no longer that way. Life now is, for most people in America, at least, full of abundance and joy. Why is that?
Because, under the aegis of the Founding Brothers that began the world anew in 1776, the world was transformed. Numbered were the days, in the civilized world, at least, of outdated ideas like mercantilism and feudalism. The rising tide of capitalism lifted boats across the world as it took hold of first America, with our laser-like focus on commerce and economic growth, and then spread from us back to the United Kingdom, where it had originated with Adam Smith and his The Wealth of Nations, and from there it took Western Europe by fire.
Of course, the process was slightly longer and bumpier than that. We still don’t have truly free trade and regulations are a major problem that make it hard for the rising tide to lift all boats like it is supposed to.
But, still, some capitalism is far, far better than no capitalism. And our excellent President, President Donald Trump, has been doing everything he can to make sure the rising tide lifts all boats in the black community. That’s right, he’s fighting poverty with capitalism and doing a great job of helping the black community rise up out of poverty.
You see, the Democrats always claim to be the party that wants to help African Americans. But that’s not really true. They want to use welfare policies and anti-capitalist economic policies to keep certain groups dependent on government handouts which are then championed by Democrat politicians.
That’s what LBJ’s Great Society and war on poverty was all about. It was and is a massive, evil scheme. Republicans like President Donald Trump, on the other hand, recognize that the rising tide of capitalism lifts all boats and want to use that to make the world a better place. That’s why they fight poverty with capitalism.
The world is a better place when it’s a more prosperous place. Sure, decadence is not ideal. But, it’s certainly far better than impoverished and starving tribal warriors bashing in each other’s heads because their ancestors had a disagreement. Wealth makes the world a more peaceful place. Wealth is created by capitalism. So, if we want to make the world a better and more peaceful place, as I believe everyone with a conscience does, we need to support capitalism. It’s the best system and one that is easy to implement. In fact, it’s very easy. All the government has to do is get out of the damn way right now!
By: Gen Z Conservative