The freethinking nature of our Founding Fathers assured that the new United
States would follow this exemplary model. They knew what it was like to be
hindered by a mercantilist system where much of enterprise was controlled by the
state. Liberal capitalism, with private enterprise, was at the core of the new
freedom they sought in a foreign land.
Unlike any other economic system, capitalism instills a sense of virtue in those who are in the middle class and on the fringe of rising to greater heights. Too often socialism and communism unduly protect those who refuse to work and become contributing members of society. Yet the individual in capitalism is exposed to the market and therefore is forced to add value to society.
In all, although discontents with our great economic incentive may arise, we must remember that the individual economic virtue is facilitated by this great economic system. There will never be anything greater than American capitalism!
Williams can be heard daily on Sirius/XM Power 169 from 9 to 10 p.m.