*** Economics: Free Market Capitalism--Teaching








Economics: Free Market Capitalism--Teaching

teaching capitalism
Figure 1.--You wonder how this young lady learned to hate capitalim and why she desires to smash it. Yet she not only hadsc trendy designer sun glasses , trendy footwear, and a pricy Apple laptop and Starbucks coffee. Can she possibly be so clueless to not understad that all the products she is has chosen came from capitalist corporations including two especially important ones. Or why she has chosen not to purchase anything from a socialist country.

Students learning American history are generally not presented with information explaining how market capitalism essentially created within a century the most powerful nation on earth withe best paid workers. Which is why millions of European workers emigrated to America and Hispanics today continue to do so. Rather standard history books tend to dweall upon inequities emigrants faced in America. Of course not explaining whyb if conditions were so nad why the eogrants came and continue to do so. Often 19th century histories focus on the fight to abolish slavery. While the horrors of slavery are now well depicted. Rarely do history teachers make the point that it was the superior morality and effiencies of free market capitalism that first ended slavery in the northern states and gave the northern states the industrial power to prevail in the Civil War leading to the destruction of slavery. Rarely do teachers pursue the morality of capitalism, but in a capitalist economy, the individual is a free agent. This is why free workers oppose slavery. In the short term, it did not erase racial prejudice, but it did end slavery. Which is what happened in the northern states after independence. The industry created by free market capital and free labor defeated the plantation slaveocracy of the southern states. After the Civil War, teachers focus on industrialization and the inequities faced by workers and immigrants. Here there are important issues to consider. Industrialists were able to influence the Governmrent to use its power to discourage workers from organizing and exercising their rights. What teachers fail to address is the fact that workers in America achieved much higher incomes than European workers. This is part of the reason that European workers flocked to the United States during the late-19th and early 20th century. The reason for this was efficiencies of the American free market economy. Too often American teachers focus on the difficulties for immigrants in America and not the fact that they enjoyed much more prosperous lives in America than in the countries that they came from. And virtually never addressed is why there was more opportunity and economic success for worketrs in America than in any other country.






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Created: 7:19 PM 9/6/2023
Last updated: 7:19 PM 9/6/2023