Ka Leo o Nā Koa

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  • Kealii MossmanNov 1, 2011 at 9:43 pm

    “It’s an allegory of a capitalist civilization where the lower classes of society scavenge as much as they can just to get by, while the higher classes barely fret over such trivial matters. The rich do not worry, for they have all the time in the world.”

    I’m tired of movies and TV shows (and OWS’ers) complaining about how bad capitalism is. As a business and economics teacher, I would argue that capitalism is a good thing. Granted, there are some negative aspects to capitalism, but what thing can you name that is perfect? Nothing.

    Under capitalism, every person has the ability to move up the economic ladder. This is something that should (and actually does) inspire people. No other economic system allows for such movement. In a capitalist economy, the “lower classes of society” are not resigned to their position. In an alternate system, such as communism, the ability to move out of your government-mandated role is nearly impossible. I like what Thomas Friedman, in his book “The World Is Flat,” noted about capitalism. He says: “Communism was a great system for making people equally poor (and miserable) … capitalism makes people unequally rich.” Even with all its imperfections, we should celebrate capitalism. Don’t bash it. Embrace it. And, when you are rich, you can set up scholarships for Native Hawaiians. : )

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