October 20, 2020

Gen Z Conservative

The thoughts of a young conservative on political issues relevant to all ages

what makes america prosperous

What Makes America Prosperous? Capitalism Does

The Quote

“America’s abundance was created not by public sacrifices to the ‘common good,’ but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.” -Ayn Rand on What Makes America Prosperous

My Take on What Makes America Prosperous

What makes America prosperous? Big Government programs? Nope. What about the sacrifices to the common good that Ayn Rand mentioned? Again, nope. So, what’s the answer, what makes America prosperous?

The answer is capitalism. Capitalism of the laissez-faire sort described in The Wealth of Nations and Capitalism and Freedom creates prosperity. How? By adding the reward for risk that makes the economy grow.

Socialists of the sort like Elizabeth Warren act like wealth inequality is a huge problem. To eradicate it, they want to pass unconstitutional taxes and redistribution of wealth schemes like Medicare for All.

But they’re missing the point and are incorrect. Wealth inequality is not the problem. In fact, it’s what creates the incentive for capitalists to build the economy. Just read The Republic for Which it Stands. The Gilded Age was an incredibly unequal time period. But, America grew economically in huge ways. It was booming even more than the Trump economy is booming now!

Unfortunately, too many of the modern socialists that currently have such a loud voice in our society don’t understand that. Instead, they are blinded by the unequal wealth that capitalism creates. As Churchill once said:

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

From: Winston Churchill on Capitalism and Socialism

In other words, capitalism creates wealth whereas socialism destroys it and makes everyone miserable.

the failure of socialism
Socialism helps no one
From: The Failure of Socialism

Although it’s said differently, I think this Ayn Rand quotation about what makes America prosperous ties in quite well with the Churchill one. America is prosperous and has an unequal sharing of blessings only because we have so many. We’re an affluent society; that’s because here people are free to build wealth as they want.

If we weren’t free, no one would do anything at all. They’d just sit around doing whatever mindless activity gives them the slightest feeling of pleasure, as is common in degenerating societies like the late Roman Empire, or be worked to death in a gulag or work camp like the other unfree nations of history. There’s no other way to say it; socialism fails because freedom is necessary for capitalism, and capitalism is necessary for continued prosperity.

liberty without capitalism is impossible

Don’t let the socialists convince you otherwise. We can’t have a resurgence of communism. What makes America prosperous is that it embraces free markets and free people. Communism, on the other hand, doesn’t. That’s one of the many reasons why socialism always fails.

So, we can’t let socialism come to America. It will destroy the system that has made America so prosperous so far. And make no mistake, America is incredibly prosperous. It’s so unfortunate that people like Warren and Sanders don’t understand that. They should count their blessings rather than enviously try and take those of others. America is the most prosperous nation to ever exist.

Unfortunately, that continued prosperity means that people have forgotten what it took to get to this point. When asked what makes America prosperous, they don’t have an answer. We young conservatives need to remind our peers that socialism isn’t the right policy; capitalism is.

By: Gen Z Conservative


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