May 21, 2008
Zero Sum Game
Presidential Candidate Barak Obama says, ”We cant’ drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times… and then just expect that other countries are going to say, “OK”. “That’s not leadership. That’s not going to happen.”
This attitude is alarming because it’s premise is severely flawed. This belief system is usually spouted by academic elitist with a “Zero Sum” idea of economics. This theory says that economically the earth has a scarcity of resources and that my gain or even the use of a product is at the expense of someone else. This belief system is the basic seed-thoughts of socialism, that community owns and has rights to ALL property and goods. Socialism’s greatest adversary is Capitalism, which is a economic system of which property and goods have private ownership and are generated for profit.
Socialist say, “Profit is evil.” You hear it when political pundits bloviate against those ”big oil companies reaping excessive profits.” Do you know who owns those big oil companies? Most of us that have mutual funds! We are “those” that they want to blame for excessive profits.