Posted by
Wolfgang Van Wilson on Thursday, September 24, 2009 1:45:55 PM
As much as I dislike Michael Moore, I
am starting to think his new movie about capitalism being dead is
true. Though we may have different opinions and views on why it's dead.
The system of capitalism is based on competition. If a company
sells a good that has quality and is cheap then that company is going to
survive. Companies who fail to present a product like this will fail and
if they don't change their business plan will go bankrupt. This is how
capitalism did work. With the new administration there is another more
powerful option than going bankrupt; getting the government to bail you out.
We are rewarding companies now for failed business plans. This is
the death of capitalism. I think we all hoped the 750 billion bailout for
the auto industry and others would be the last of these ill advised
governmental plans. Hope once again, failed us. The senate is now
passing a 4.5 billion dollar bailout plan for the United States Postal Service.
Even after this bailout the postal service will still be in one billion
dollars worth of debt. The Post Office has been in debt for years, unable
to compete with Fedex and UPS. Their shipping time is slower, their rates
are higher and their shipping options are very limited. Not only do we
have a government bailout that will fail but we have a government company that
did fail.
The
proposed will make a government run service. This is suppose to save
money. So the question we have to ask about is will this service
eventually turn into the United States Postal Office? Probably. The
will raise taxes and down the road, if the administration is still in power, we
will surely bail them out. So the question is how would a governmental
insurance company compete with private run services? It cannot compete. It will ride on the backs of taxpayer’s
money.