One of the key factors influencing American and world prosperity is the Constitution of the United States (and other countries), which assures people and businesses of freedom. This guarantee of freedom supports the discovery of free enterprise capitalism, which more than any other affect has produced unprecedented national wealth and citizen prosperity. Even our poor live better and longer than the kings of old!
America’s discovery of how to motivate people to freely want things – to be freely provided by our factories and service industries – has been the primary driving force behind our growth and prosperity.
Autocratic and Fascist nations with centralized control, and communist nations with centralized ownership of property and businesses, fail because they violate the principle of personal and business freedom (free enterprise). Even hybrid systems, which attempt to combine the ideas of socialism and capitalism eventually underperform because of their inhibiting effects. China, Russia, Venezuela, etc. are good examples of the inhibiting effects of Communism, Fabian-Socialism, Authoritarianism, etc.
Frankly, it is a bit frightening to see the Democrat Party in the USA – and to a lesser extent, the Republican Party – promote hybrid-Socialism (Progressivism, the welfare state) as the solution to our domestic challenges. More government inhibits strategic prosperity. Less government enhances strategic prosperity.
Back in the 1950s, Red Motley, the famous editor of Parade Magazine, toured the country giving a speech entitled “Nothing Happens Until Somebody Sells Something.” He humorously said America made the great economic discovery of “how to make people want things they don’t need.” His entertaining speech is still available on YouTube.
Unfortunately, too many Americans do not fully appreciate the importance of freedom and the inhibiting effects of Progressivism (de facto Fabian-Socialism) as promoted by the Democrat Party. Their advocacy of centralized government controls is highly appealing to uninformed and/or undereducated voters favoring their promises of government-welfare.
Image: CCO Creative Commons; https://pixabay.com/en/chart-shares-dax-dow-jones-594212/