Serving O'Brien & Clay Counties

Over Morning Coffee

Socialism – the little engine that can’t

Capitalism has been the engine driving our economy since the earliest settlers arrived to colonize the New World under charters from the Virginia Company of London and the Massachusetts Bay Company. The colonists set about farming, trading and engaging in commerce to create a modest economy that was the beginning of American capitalism.

With America’s abundant supply of natural resources, labor, capital and entrepreneurial spirit, the free-market economy has been wildly successful. Modern capitalism grew with each of the industrial revolutions – steam, electricity, electronics and digitalizati...

 
 
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