Makeup of our economy

Hi

In my last post I wrote about the economy and I started to go into what makes up this phenomenon, with this writing I wil explain further.

Basically the economy is the result of the work and investment ability of a people. In the United States we have a capitalistic economy which is one driven by private ownership of business. A pure capitalistic system would not be very functional because owners could create monopolies, create cabals which would control prices and basically have too much power. To control this we adapt a system where the government has a limited role. The problem is just how much of a limited role and how do you keep the government from overdoing control.

When a government exerts an excess of power over business the business people lose incentive and production slows and the economy tanks. under the Obama presidency we have just that going on. We have seen an unconstitutional grab of our medical care system, undue control of the auto manufacturing industry and an attempt at control of our energy sector by the use of control over off shore drilling for crude oil. None of these have worked and one can only surmise that it is a planned take over with the idea of socializing the United States. This great nation was not formed by socialists but by the rugged individual spirit in its people. In order to survive we the people must regain control over our own fates and not rely on the Washington bureaucrats. Our greatest weapon is the ballot box, so if you care - vote.

More to come.

Continue to remember our brave heroes in your prayers.
GOD Bless

What is our economy?

Hi

As a retired professional I feel that in order to get good government we must learn the mechanics of how government works. In keeping with this theme I will try to explain how our system works.

To start there is a vast difference in the workings of the various economic systems. In the United States we have a capitalistic system. I shall concentrate on this system to make it more understandable.

Under capitalism the entrepreneur owns the business,he(she) keeps the profits and is responsible for the day to day management of the business. If it were only that simple. Enter the government, both federal and state, and they carry luggage. This luggage is in the form of taxes, regulations and decrees which infringe on the owners ability to manage. Some of this is necessary hence the ongoing argument over how much government intervention is enough. As I develop a plan I will address the issues of management control, tax, etc. This is only an introduction so please stay in touch. Thank you.

Keep our brave military in your prayers.
GOD Bless