Wednesday, October 30, 2019

American exceptionalism

The free market works best when corruption is kept at a minimum. Other than that the big complaint is the fact that capitalism allows for winners to win really big. Sports figures, rappers, other entertainers make millions. Extreme example was Floyd Mayweather who earned $250 million for one fight. Others earn fortunes through innovating new ideas which led to new business. Prime example is Jeff Bezos who started Amazon 22 years ago and now employs 700,000 people and is worth $100 billion. The biggest winner in the free market system is innovation. Most of everything new comes out of the United States and here, one of the best examples, is the polio vaccine but the greatest invention, maybe of all time, was the transistor that was developed by American scientist in 1956. America is not only the greatest country in history, it has made the rest of the world great. The defeat of communism, Nazism and fascism in the last century in just one example of how the world has benefited.

No comments:

Post a Comment