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Jim Cook

By James Cook

The Minneapolis Star-Tribune (a left wing newspaper) featured a quote on the Sunday editorial page that claims without intensive regulation “capitalism is a menace to society.” From the end of the Civil War in the U.S. to WWI government regulations barely existed. This laissez-faire capitalism catapulted living standards upward and generated a host of new products and services that fostered the good life in America. At the same time, unbridled capitalism eliminated starvation within the U.S. and greatly extended lifetimes. Capitalism and progress are synonymous. Socialism and starvation are also synonymous.

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