"People Not Profits" Means People for Poverty

By:  Sam Blumenfeld
10/07/2011
       
"People Not Profits" Means People for Poverty

One of the signs prominently held up by one of the idiots at the Occupy Wall Street mob scene read “People Not Profits.” Obviously, this numbskull doesn’t understand that without profits we would all be living in poverty, as they do in Cuba. But neither the Cuban nor Soviet governments even remotely gave up on profits. The Soviets used slave labor to mine the gold in Siberia to pay for the Communist government’s need to import goods, and the Cuban government earns profits by maintaining beach resorts for foreign tourists.

But the sign “People Not Profits” is an indication of the lack of any understanding of how an economy works. And all of these ignoramuses went to public schools where the failures of socialism are never taught. Another sign read “Fight market dictatorship.” The very essence of a free market is that it is totally democratic and the very opposite of dictatorship. A free market encourages competition, not monopoly dictatorship. But these idiots marching on Wall Street don’t know anything about markets because what they have to sell nobody wants. Not even Chinese communists believe in such nonsense.

Another sign read, “People of the world rise up!” The only people who might be tempted to rise up are Alinsky’s “have nots” who want to take from the “haves.”

One of the signs prominently held up by one of the idiots at the Occupy Wall Street mob scene read “People Not Profits.” Obviously, this numbskull doesn’t understand that without profits we would all be living in poverty, as they do in Cuba. But neither the Cuban nor Soviet governments even remotely gave up on profits. The Soviets used slave labor to mine the gold in Siberia to pay for the Communist government’s need to import goods, and the Cuban government earns profits by maintaining beach resorts for foreign tourists.

But the sign “People Not Profits” is an indication of the lack of any understanding of how an economy works. And all of these ignoramuses went to public schools where the failures of socialism are never taught. Another sign read “Fight market dictatorship.” The very essence of a free market is that it is totally democratic and the very opposite of dictatorship. A free market encourages competition, not monopoly dictatorship. But these idiots marching on Wall Street don’t know anything about markets because what they have to sell nobody wants. Not even Chinese communists believe in such nonsense.

Another sign read, “People of the world rise up!” The only people who might be tempted to rise up are Alinsky’s “have nots” who want to take from the “haves.”

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Sam Blumenfeld (photo)

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