In a capitalistic system, one only generates wealth for oneself if one generates wealth for others. To generate large profits, one must give the consumer something other people cannot. Whether it be a new invention, a lower priced product, or a higher quality product, the contributions of successful capitalists are the primary source of our great wealth.
Who has done more to help the poor: Henry Ford who gave us the modern car and assembly line, allowing us to produce every good cheaper, or former NC Senator John Edwards, the self-apppointed Patron Saint of the poor?
By the definition of a capitalistic system, the ones who generate wealth for themselves are the ones who generate wealth for all. These capitalists are the real Patron Saints of the poor. Who are all these people? The superb blog Hereos of Capitalism features one of these Patron Saints each day. Let us pay homage.
Thursday, November 20, 2008
Blog Archive
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2008
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November
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- 2008 AGEC 4213 Nerd of the Year!
- Trust Me: I'm Good For It
- Encyclopedia of Economic and Business History
- Green Energy
- Interesting Ag Facts
- Interesting Ag Facts
- Explaining Price Indices
- Beef, Pork, Chicken, and Egg Consumption: 1910-2006
- Corn and Gasoline Prices
- The Great Depression - Maybe We Learned Something
- Keynesian Perspective
- With Real Poets, It is Hard To Tell
- Ag Career Info
- Why Neoclassical Theory is Important
- It is more than that...
- Don't Forget...
- King Camp Gillette: Hero of Capitalism
- Gains From Trade...And Love
- The Importance of Insurance
- Oklahoma where the wind comes sweeping down the pl...
- Hereos of Capitalism
- Bird Spectacles
- Farm Animal Welfare: A Rare Statement of Truth
- Turkey Torture
- Explaining "Stimulus Package" to Students
- The Cow Tax
- The Market for Organic Eggs
- For Misplaced Southerners
- The Utility of Positive Emotion
- The Great Depression - We Learned Nothing
- Politically [un]Popular Ethanol
- Food Tales
- An Omnivore's Solution
- Cage Versus Cage Free
- The Cost of Happy Hogs
- The Importance of Economics
- Interesting Ag Facts
- American Socialism
- QLD livestock producers support fine increase
- Why Not Just Say "Farmer"
- The Pitfalls of Organic Food
- The Indifference Principle - In Practice
- Beef Prices in the 80's
- Broom Corn
- I, Broom
- Hello From Detroit
- God is Dead
- Laissez-Faire Higher Ed
- Secretary of Ag Michael Pollan
- The Fatal Conceit
- Steven Horwitz's An Open Letter to my Friends on t...
- We may begin hearing increased support for a bailo...
- Cattle, Hog, and Egg Prices: 1920-2002
- Steinbeck Talks About Food
- Sophistry
- Horrible Ideas
- Thinking About Graduate School?
- Economists Are Brilliant!!!!
- Thinking Like An Economist
- Picking Winners
- An Overview of the Agribusiness Degree
- Financial Crisis and Lending to the Poor
- Becoming a Great Teacher: Part 8
- We are all Socialists (1/3, at least)
- Trading Class Notes
- Humbling the Professor
- A New Approach to M.S. Theses
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November
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