Money and Capitalism
Those who accept the bromide that “money is the root of all evil,” likely have a poor understanding of what money actually is. I found this wonderful video, just over two minutes long, which seeks to explain the importance of the capitalist system based on a free and unregulated medium of exchange. A system that even the United States has never fully experienced, and is currently deviating from.
August 6th, 2007 at 6:22 pm
“Money is the root of all evil” may be a bromide, but the Biblical phrase on which it is based is “Love of money is the root of all evil.” In other words it’s not money itself that is evil, but rather the worship of it.
August 6th, 2007 at 7:37 pm
yeah, I agree. If there was no medium of exchange(money), the same type of evil would exist. It would just be channeled differently. People have misinterpreted this to mean that capitalism is inherently evil, which is simply not true.
August 8th, 2007 at 11:41 pm
[…] Today (the 8/08/07 broadcast) you stated that the Boston Tea Party was an attack on Laissez-faire capitalism. But the British government was the culprit, not the free market. They allowed the British East India Company an artificial monopoly by giving the company a tax cut, while still enforcing the tax on other companies. That’s not a free market, that’s another example of a government created monopoly. […]