Basic Economics In 100 Words
Reality offers two economic systems, also called economies. First system is called capitalism where labors, services, resources, or products are voluntarily traded for monetary units or credits based on exchange rates determined by supply and demand.
Second system is based on stealing; four primary choices include socialism, fascism, unethical capitalism, and common law crimes like theft, robbery, extortion, fraud.
The Ten Commandments implies economies based on stealing are not best choice. Socialism and fascism offer charity paid for with stolen property. Offering a starving man ten dollars for hundred dollar horse is unethical capitalism. Ethical capitalism is not a sin.
Definitions with examples (exempt from word count):
1) Socialism: all property and means of production are owned by government. Policies offered by Liberal Democrats.
2) Fascism: property and means of production are owned by citizens, but are so regulated by government, that eventually there is little difference between socialism and fascism. Contemporary policies offered by environmentalists advocating Greenism to solve fabricated propaganda problems like global warming.
3) Unethical Capitalism: not providing represented labors, services, resources or products for fraudulent profits. Policies generally pursued by moderate Republicans and counterfeit conservatives. Few examples, internationalists threatening America’s national security by destroying America’s domestic manufacturing base for cheap foreign labor driven profits. Also included are domestic businesses threatening national security for collateral retail profits from drug trafficking, all types of border smuggling, cheap illegal wages, foreign criminal investments, and profits from related social problems. Companies engaging in fraud by misrepresenting service or product quality or tampering with standard accounting practices. Final but not last possible example, companies controlling exchange rates by manipulating supply and or demand with monopolistic practices. Why, to destroy ethical capitalist markets dependent on volunteer trade.
4) Common Law Crimes: common sense criminal activities.
As for definition of ethical capitalism, if words honesty, integrity, reliability, openness, candor, frankness, truthfulness, trustworthiness, are not part of your vocabulary; then probably no amount of re-arranged words I could add to this writing exercise would explain intended message.
