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Piketty Will Capitalize on Documentary Film of His “Capital in the 21st Century”

Robert Wenzel says a new capitalist-hate movie is out, a documentary based on Thomas Piketty’s book, Capital in the 21st Century, which promoted not lifting up the poor but taking down the wealthy. The truth is that with socialists and leftists such as Bernie Sanders and Elizabeth Warren, it’s all about envy and covetousness, it’s not about liberating the people so they have the freedom to do what they want with their lives, their abilities, labor and capital.

I’m sure that the capitalist-haters of this new film will appreciate their own capitalist benefits when they receive earnings from the film!

Related to all this, I had written a short blog on this about 10 years ago. A response to Michael Moore’s mistaken label of the 2008 Wall Street Bailout as a “capitalist” act by government. (Of course, if I wrote that now I think I would word some of it a little differently).

In that post, I wrote,

Capitalism is an economic system which recognizes those individual rights and private property rights and the right of freedom of trade and commerce. By its very nature, a socialist system violates those rights of private property and voluntary free trade, and, since the means of production includes the people, it therefore is a system of collective ownership of individual people and thus erases any idea of “individual” rights.

In socialism, the individual is owned by the collective and thus does not have any right to one’s own life and liberty. In socialism, the individual is a slave of the collective and of the state; only in capitalism does freedom of the individual exist.

Michael Moore does not realize that it is because of capitalist freedom that he earns a big profit from his films, from the people who voluntarily pay money to see them. That is an example of voluntary free trade among individuals that the force of socialism destroys.

However, because our country is a “mixed economy,” with some capitalist free trade allowed by the government, and some socialist-forced government confiscation of private wealth and earnings, half of Mr. Moore’s earnings are forcibly confiscated by the armed force of government and then redistributed to Wall St. executives and Big Banks and Big Finance and Big Mortgage, etc. That’s Socialism, NOT “capitalism”!

Mr. Moore and others would benefit by reading Mises’s Human Action and Socialism, Rand’s Capitalism the Unknown Ideal, and Hayek’s The Road to Serfdom.

Published inFree marketSocialism