This brief definition of Capitalism is not intended to go into the detail that would be needed if defining a system of government.
Unlike Marxism and/or Socialism and/or Communism, Capitalism is purely an Economic system, not a Government or Governing system, and requires a market to be free and unhindered by government interference. History proves that it works most efficiently and profitably under Representative Government. Capitalism is not planned or organized or controlled; it is something that naturally "happens" when and where men are free and the market place is open.
It is the economic system that emphasizes the right to private property and in which the means of production are privately owned and operated. In a Capitalist system, the investment of capital and the production and distribution of various commodities, goods and services are accomplished in an open and free market.
Prices are just naturally and automatically determined in the free market, and they float in accordance with the natural laws of supply and demand.
Those who invest capital at their own risk expect to make profit or loss on the investment. Wages or salary is paid for labor; wages or salary and other on-going expenses reduce profit margins.
Private Property is Capitalism. The right to private property is established in natural law, by the rule of possession; "Possession is nine tenths of the law." The right to private property is established in Judeo-Christian morality by two Commandments of God:
The right to private property is among the American foundational rights, written into the Declaration of Independence as inalienable rights ordained by God, defined therein as The Pursuit Of Happiness, interpreted as the ability of a man to prosper from his own work.
The right to private property is fixed in the American Constitution in Amendment Four and again in Amendment Fourteen.
Update to Definition of Capitalism, Saturday, February 04, 2012
The Free Market is itself a definition of Capitalism. Just as Liberty is a natural thing that exists within the breast of man, Capitalism – the Free Market – is a natural thing that exists in symbiotic and co-dependent relationship with Liberty.
Life, Liberty, Pursuit of Happiness
From the Declaration of Independence:
This is our national purpose for being; our nation’s very foundation stone. This is what America stands for before she stands for anything else. If America is to be true to herself she must be true to the principles promoting and protecting Life, Liberty and the Pursuit of Happiness.
It is when men enjoy these three rights that the natural system of Capitalism comes into its highest and most productive form of being. Capitalism is natural; Capitalism just happens, when and where men enjoy liberty. Another word for Capitalism is a Free Market. It is not planned or controlled or governed by any outside entity or government or power. Just as liberty is natural within the breast of man, the free market is natural where a culture is free.
It is a gross misinterpretation to call the Pursuit of Happiness – the ability of a man to work in his own self interest – a system of greed. It is a slander. You may call it greed if you wish, but I submit that self-interest is the first dynamic even of survival itself. No one can ever be of any use to anyone else if he doesn’t first take care of his own needs.
Our Declaration of Independence guarantees that our citizens are able to prosper by their own effort. A man must make profit before he can be charitable.
These are the unique American Principles to which our Founders pledged “our lives, our fortunes and our sacred honor”, in the words of Jefferson, to which all signed their names. They all knew that they were signing their own death warrants if the new nation failed to survive. They all signed.
And they all stood by those signatures.
Free Market (Laissez-faire Capitalism)
Capitalism – meaning, the Free Market – is not a system of man, in that it is not purposely created or controlled by man. Capitalism just happens when and where men enjoy life, liberty and the pursuit of happiness. When large numbers of men are left free to pursue their own self interest and allowed to prosper by their own work, a great plethora of varieties of goods and services are created by the work of these free men. Adam Smith didn’t invent it; he only described it in his Wealth of Nations, published in 1776, the same year our Declaration of Independence was published.
When a person works enough to make profit – meaning more than he needs for his subsistence – he creates wealth. Wealth is just another name for profit. The only source of the creation of new wealth is a free man making more money than he needs for food, shelter, clothing and so forth. The excess wages or profit may be spent by him to buy property, of any sort. Thus it may be said that
Profit, wealth and property are merely different manifestations of the same thing.
A free man is perfectly free to use his own profit any way he wishes to use it, within the law. He may spend it, save it, squander it, gamble with it, invest it or give it away. It is his to do with as he pleases, because he owns it. It is his private property.
Those of us with the most creativity or imagination take best advantage of the Free Market Rule that says Find a Need and Fill It. This means, in simple terms, detecting a social Demand for a given product or service, and then finding a way to produce that product or service to satisfy the preexisting demand, and produce it in such a way as to economically profit from the effort.
The only restraints that should be put on the Free Market would involve remaining within the rules of Judeo-Christian Morality, which should always be backed up by representative legislated Civil Law.
See the I, Pencil page for an example of how this completely natural system works.
Perverted Definitions of CapitalismMarxists of various description, including the current American Democrat Party, much of the “Establishment” Republican Party, the SLIMC1 , public education and upper academia, always show Capitalism in a negative light, to the point that most of the American public associate the word Capitalism with Greed and Corruption. This is the predictable result of purposeful Marxist indoctrination and mal-education perpetrated in our teaching institutions and strongly supported by our news media.
Even politicians and political candidates who are or call themselves Conservative avoid even using the word Capitalism because it has been so successfully demonized in the eyes of the public at large. Frank Luntz, now famous as a preeminent “instant response” focus-group pollster, has proved it. Like so many others who see the clear falsehood of this negative view of Capitalism, he fails to capitalize on a teachable moment when he encounters focus-group results that shows that the group is miss-informed on the subject. Instead, he goes with the flow of the mal-educated group, and recommends to candidates that they avoid using the word Capitalism because it polls so negatively. Thus, the view of the word Capitalism, a quite positive thing, is simply surrendered by men who know better to the ultimate destiny of universal distrust and negativity by a mal-informed public.
Language is the battleground of ideologies. Any American politician who surrenders proper use of the English language to the enemy while articulating American Constitutional Conservatism has lost the political battle for Liberty before it even begins. See the American Political Ideologies page for the layout of the current battlefield.
Democrats and other Marxists, including our current President, Comrade Barrack Hussein Obama (peace be upon him) go so far as to miss-quote and pervert the teaching of Jesus Christ to reinforce the false goodness of taxing the bourgeoisie to redistribute to the proletarians, in an evil, twisted interpretation of charity. These Marxists don’t even know what charity is. Charity must be freely given, else it is not charity. Charity must be given from your own plenty, not from someone else’s. The record shows that none of these Marxists are charitable. No Marxist was ever charitable. To take from others against their will is stealing. Good intentions, whether real or as a mask, do not change an act of stealing to be something other than an act of theft.
The tears the Marxists weep for the poor are crocodile tears. They only take; they do not redistribute, except temporarily, until the source is dead. Then, they simply rule, over the destitute. The true but secret goal of the Marxist is power, not charity. Charity is only a mask.
True Definition of Capitalism
The true definition of Capitalism is the free market place full of a wide variety of goods and services, each of wide variety in quality and in price, that naturally become available when a population enjoys the God-given rights to Life, Liberty and the Pursuit of Happiness. It has been falsely demonized as “Unfettered Consumerism” and “Unfettered Profiteering.” But, why should Consumerism be fettered? Why should Profit be fettered?
I submit that if you “fetter” Capitalism, it will no longer be Capitalism. It will be some form of Socialism. Capitalism is an unplanned, uncontrolled economy. Socialism is a planned and controlled economy. They are opposites.
The only restraints or “fetters” that should be placed on Capitalism are the exact same restraints that ought to be put on citizens: to live within the moral law, which should be in complete harmony and synchronization with representative civil law. Bernie Madoff is widely touted to be an example of a greedy Capitalist run amok; but he was no Capitalist. He was a criminal. Note where Bernie Madoff is; he is in prison, where criminals belong.
You should not consume too much. You should not begin to value profit, or any tangible thing, or the world, more than your neighbor, or allow it to distract you from God and His law. If you are a Christian or a Jew, you already know that.Marxists do not know that. Marxists are atheists, whatever religious pretensions they may display in public. Being an atheist is a prerequisite to being a Marxist; you can’t be a good Marxist without first being an atheist. Marxists hold nothing to be sacred; they deny even the term sacredness itself, for they cannot even begin to understand it. Whenever any Marxist uses that terminology he shows that he doesn’t even know what he’s talking about, or that he is lying. All Marxists are MEJTML14 s. That’s just the way it is.
The rights to Life, Liberty and the Pursuit of Happiness were authored by God, and not by man, and not by government, and not by any law of man. These rights may not be taken away by man, or by government, or by any law of man. These rights of man are, almost definitively, Capitalism.
And that’s the way it is.
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Date: Thu Feb 23 07:01:19 2012
From: Vic Biorseth
To Justin, and, To Tammy:
Your submissions, as submitted, are unworthy of publication here. You may remove the vulgarity and try to correct your truly poor English, and then re-submit, if you wish.
But, if I am correct in guessing your age group and your education level, you may be unable to do that. For you will have confirmed my previously stated position that most young people educated in the public school system, and young college students or even college graduates who may or may not have come through the public schools, are largely incapable of participation in decent, reasoned Socratic argument. They don’t even know what that is. They have been taught what to think; not how to think.
I invite you to visit the Critical Thinking page for a brief look at what your teachers left out of your education, or, what you didn’t pay enough attention to.
I will pray for you.
Thursday, March 28, 2013
Converted Page to SBI! Release 3.0 BB 2.0.
Friday, April 19, 2013
Added link into Sociological Definition Pages right-column link set.
Date: Mon Sep 29 2014
From: Vic Biorseth
Changes pursuant to changing the website URL
and name from
Thinking Catholic Strategic Center to
Catholic American Thinker.
Pulled the trigger on the 301 MOVE IT option June 1, 2014. Working my way through all the webpages. .
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Purpose of this grouping of links is to provide a record of Marxism's demonizing of Capitalism as a "straw villain" oppressive system of man.
The Anti Capitalism Pages
The Free Market, i.e., Capitalism, is a natural economic system obeying the natural economic laws of supply and demand. Marxism - an unnatural, human-engineered economic and political system of man - uses it as a target to demonize, establishing it's bogus bourgeois and proletariat "classes" in the minds of men to foment disharmony, chaos and revolution, for the purpose of eventually assuming dictatorial power.
All the anti Capitalist lies in Marxist propaganda. Most old Marxist anti-Capitalist lies are now common "academic truths" in formal education and news reporting.
Definition of Capitalism: Economic Organization based on Private Property. Any true definition of Capitalism must state that it is purely an Economic system, not a Government system, and it works most efficiently and profitably under Representative Government.
Do detractors even know what Trickle Down economic theory is? Those who condemn Trickle Down economic theory either don't understand it, or they are trying to fool someone.
The Class Warfare Lies of "Social Justice" infecting theology and philosophy. Most every time Social Justice is invoked, you are about to hear some Class Warfare Lies.
Of all the dumb-assed ideas in the world, the dumbest is The Equality Stupidity. The Equality Stupidity takes the prize for the most imbecilic of all ideologies.
What does income inequality, or any inequality, have to do with morality? When did we become so stupid? Income inequality, wealth gaps, etc., are not moral issues
We argue against income minimums and caps, and for a free and private market. Income minimums and caps are Marxism’s “moral” bait to gain popular support for Socialism on the path to typical Marxist absolute dictatorship.
Property = Wealth = A Penny Saved = A Fundamental Human Civil Right. Wealth Redistribution = confiscating private property from those who earned it to benefit those who did not earn it.
On the lost human virtue of Industry. From Industry to Indolence: how the most industrious nation in history has slipped into almost pure sloth.
General Commentary Pages
Various unrelated topics that stirred thought and provoked writing (or quoting) at one time or another. The Everything Else Bucket.
Undoing Evil: Unraveling the sly "Good Intentions" destroying the West. Undoing Evil means reversing Political Correctness and Amorality, and returning to Pure Meritocricy.
Letter to an American Warrior, from an old American Citizen, with Love. An old man's advice to a young man, sent in a letter to an American Warrior.
The Judas Complex: How a traitor may not recognized his own treason. The Judas Complex explains how Judas Iscariot - like many a modern day Bishop - compromised with the world.
Christmas 2014: Hope is Reborn; Salvation has come into the world. The Christmas 2014 Turning Point: The Kingdom is upon us; our King is among us.
A Personal Relationship with Jesus Christ deepens faith and faith commitment. A Personal Relationship with America deepens love of country and patriotic commitment.
Work at home jobs that have had me. A long, costly and unsuccessful run at work from home jobs that didn't work for us.
Truth versus Agenda addresses the simplest of problems greatly complexified. Truth versus Agenda examines the contest between reality and its opposition.
Vic has Iron Weights for sale; Mama says they have to go. Lots of iron weights for sale; all have to go at once, in one sale.
My poor old truck is again starting to look like a poor old truck. After half-a-million miles, we're now approaching another decision time; another paint job, or a new truck.
A Palin Parker Ticket? My Dream Candidates for 2012. Why a Palin Parker ticket is better than any professional politician Republican ticket you can come up with for 2012.
Elitism Vs Palinism: Why the Left and the Elites Loath and Fear Sarah Palin. It isn’t just Marxism Vs Palinism; it’s also established intellectual elitism vs Palinism. The elite need someone to look down upon.
Here we see Bush family class captured in a simple private citizen’s photo. George W. (and Mrs.) Bush quietly demonstrate Bush family class without hoopla or fanfare.
Marxists love crisis, and they love an oil spill crisis most of all. Marxists even create and drive crisis. Their favorite crisis of all must be the Oil Spill Crisis, which is even better than a Banking Crisis.
The Godless Left leads the young and naive to their utopian Hell. For an honest comparison of the effects on youth, we need to look to the history of the Godless Left versus the Religious Right.
On Threats to America's National Existence. A look at the nature of our national existence, what makes us America, physical threats to that, and the possibility of just going out of existence.
On the ethics of language: English dictionary Vs. Political-Correctness taboos. Language evolves, yet morals are (or should be) fixed. This poses questions re the ethics of language.
Thinking Catholic direction: threats to America, Church, Ethos, even History. The Thinking Catholic Direction is multi-faceted, facing threats to American National Existence, Catholic Liturgy, our common Guiding Ethos - emphasis changes to meet the threat of the moment.
The website is going on hold for at least the next five weeks. Business calls, and I must respond. Will be traveling, and not taking the laptop this time.
Current Website Status. Still too busy for individual responses to questions, comments & criticisms.
Our 2006 Ohio Voter Guide. The choices are quite clear, and the 2006 Ohio Voter Guide was easy to produce.
On carrying my Lord, Jesus Christ, in my pocket. As a Eucharistic Minister, I am on occasion carrying the Lord Jesus in my pocket. It's a wondrous thing.
A 2006 Christmas and Hanukkah wish. May the Holy Days we celebrate remind us all of who we are, and how we are different from other peoples.
Current Democratic Party platform reveals anti-Semitic streak among Liberals. In their voting, their speechifying, and in the slant of their controlled mainstream media reporting, the current Democratic Party Platform is made clear to all observers.
The "Left", and The DaVinci Code, The Passion, and Cartoons of Mohammed. You can tell a lot about a movement by its public words. The Passion? "Unreservedly Bad." The DaVinci Code? "Unreservedly Good." Anything to do with Islam? "No Comment."
Home For Christmas 2008. Website Getting Active Again
Hydrogen power could be, and should be, the wave of our automotive future. Any move toward hydrogen power is a move toward a cleaner and more efficient fuel, and away from our dangerous dependency on oil.
Kerry lies again, and then lies about his lies, in concert with the SLIMC. There he goes again! Kerry lies again and again about American servicemen and veterans; he just can't help himself.
What's going on with Mel Gibson? Is he really an anti-Semite? I am surprised that Mel Gibson is an alcolholic. But I am never surprised at any words that come out of the mouth of any drunk.
Still Worrying Over NuVo Consequences. The Holidays have gone by, several days have passed, and the SANE NuVo Initiative still stands pat.
The Dem's October Surprise involves another flip-flop of their public "standard". The clearly pro-sodomy Party that openly seeks the "Gay" vote goes Victorian for another pre-election October Surprise ploy.
Some Problems with NuVo: the so-called Null-Vote Initiative. A "philosophical" movement aimed at keeping religious conservatives from voting? Seriously? Let me state my problems with NuVo.
Come, let us sit and reason together. Jews and Christians of various stripe and spot can say to each other, 'Come, let us sit and reason together.' But we can't do that with the Moslems.
Regarding SANE works dropping NuVo: Nul Vote Initiative dies with a whimper. If you can't really present a good argument, sit down. On SANE Works dropping the NuVo Initiative: a program that works hard to SOUND pro-American while ACTING to oppose American National Existence.
Even experts grossly underestimate the Marxist zeal of the American Left. The sharp Left turn happened in the Hoover-FDR era, and the Marxism of the American Left has been deepening ever since.
Thinking American, in a nutshell: When one has lots to say, but time is limited. The older I get, the busier I get. Answering multiple questions as a thinking American, but in a hurry.
"We are an Easter People, and Hallelujah is our Song." (John Paul the Great) Our absolutely unique and singular Easter story, and the incredible force with which it struck human history.
Witnessing, grieving and weeping for our dieing culture. What might it take to call a whole people back from the brink of cultural death?
So how come we have all these homeless people if our system is so great? The strong "Utopian Idealist" firmly believes that absolute worldly perfection is actually possible. Therefore, there should never be any such thing as a hungry or homeless person.
Taking a look at Illegal Imigration and Tax Problem solutions. In our view, the minimum wage and income tax have outlived their usefulness, and only contribute to the illegal alien problem.
First journal / blog entries when the thinking catholic blog first opened up. Notes to readers about what I was doing.
On-going WebSite work and planned WebPages as of 09/07/2006. Adding items to book store.
Vic's busted finger status - life goes on. Another busted finger status report, since the original one rolled off of the 50-entry BLOG update records.
Website Status as of 02/05/2009. No more Bookstore; no more Contact Me; no more complexity.
Website Status 03-09-2009. Just a note to bring you up to date on website status 03-09-2009.
Website Status 04/06/2009. Busy driving daily now; most website work will be weekend and as available.
The Plastic Bags and Eco Doom theory: will plastic bags end life as we know it? Plastic Bag and Eco Doom predictions tell us that plastic grocery and garbage bags will still be buried in the land fills and dumps a thousand years from now. Well … so what?
Farewell Smokey Biorseth; Rest In Peace. Hello Coal Biorseth; Welcome Home. As we were laying our beloved Smokey Biorseth to rest in his grave beside the lilies, a carbon-copy of Smokey, in younger form, emerged from the lilies.
Honky Biorseth really runs this house. If you want to know what's in any cabinet in the house, just ask Honky Biorseth.
More Marxist infiltration of higher education. Public school and the media are not the only places dominated by Marxist thought; even Catholic institutions are infected.
Of Families and Fortunes, and Inheritance Vs. Redistribution. Families and Fortunes are despised by Marxists, because Marxism demonizes the family, demonizes fortunes, and even demonizes profit.
Website Status Update 11/09/10. Just a Website status update; where we are and where we’re going.
Regarding the 2010 Tax Deal Pledge Breaker: Pledge? What Pledge? How can Republican deal makers even face us? We need to hang a Tea Party target on all professional politicians for 2012.
Pray for peace in Jerusalem, and for deliverance of Israel from harm. To pray for peace in Jerusalem is to pray for deliverance from Obama.
A tale of Promised Financial Melt-Down Debt Ceiling Nonsense and Happy Marxists. Everyone, on both sides, believes the Debt Ceiling Nonsense. Why?
Our Ohio voter Guide for the 2012 Election. The 2l012 Ohio Voter Guide – The Choices Have Never Been Clearer, or more critical.
Evangelization enters the animal kingdom with the first bear prayer. It is fitting that the first bear prayer would be a prayer of thanksgiving.
Is the Internet down in Lithuania? Sudden loss of Lithanian traffic suggests the internet is down in Lithuania.
The rise of the Femi Nazi Green Beret, and the decline of military victory. The first Femi Nazi Green Beret will be awarded out of fairness, not excellence.
Food Insurance: Is this stuff really any good? All of us conspiracy-theorizing, global-calamity doomsday-preppers need their Food Insurance.
We just had to try to do Robert Irvine's Plastic Wrapped Baby Back Ribs. Put plastic wrapped baby back ribs in the oven? What? Are you nuts?
Thoughts on the first Eucharist, established by the Last Supper. The first Eucharist was recognized by the Apostles for what it was on that holiest Holy Thursday.
Tea-Party-Candidates-04-18-2014. The Constitution is not going to be restored to legal preeminence unless we replace leadership incumbents of BOTH PARTIES.
Ecce homo; Behold the man. Ecce Homo. Behold the Innocent Lamb, who takes away the sins of the world.
When your system slows down or hangs, it's time for a Total System Reboot. America, the World, and even the Catholic Church may need a Total System Reboot.
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