Capitalism is hard.  In our economic system, you have to compete for prosperity, and prove yourself in the marketplace, even if you have a marginal job. You move up based upon effective work and honest effort.

 

Also, capitalism gives individuals a chance to "invest" in order to grow assets. Buying a home, purchasing stocks and bonds, starting a business of your own.  But there is no guarantee the investing process will be successful and unlike your work profile, you have little control over that.

 

Reverses in investment are on display right now due to the tariff controversy.  Millions of Americans don't like the chaos at all.  I am one of them.

 

But I knew the risks when I bought the shares. Capitalism can be very rough and unpredictable.

 

Socialism is easy.  A big government dictates how the economy works, what you can and cannot have. Many rules and regulations. In return, you get some security.  Education, health care, retirement, welfare if you're infirmed.  But you must do what you are told to do in the marketplace and you cannot make it big.

For socialists, individual wealth is evil.

 

Many people prefer the easy way.  Most of Europe, China, Russia, on and on.  But Americans have rejected socialism although Bernie Sanders and his ilk have gained media acceptance.  We, the people, are willing to take risks.  President Trump is a major risk-taker.  We elected him twice.

 

So here we are. The downside of capitalism has encroached as the stock market declines.  Can you handle it?

 

See you this evening for the No Spin News.