Anti-capitalist Newfs need to stop whining

I turn on the radio to VOCM open line and all I hear is Newfies blabbing about how evil capitalism is and how terrible companies are and how we need a revolution to overthrow all these corporations. Their rants are so unspecific that it's nearly impossible to address all their misinformed blabbing.

First of all, no economic system has brought more prosperity to more people than capitalism. Don't be fooled. Look around the world. The countries with the most economic freedom are the most successful and people enjoy the highest standards of living. Countries which implement socialist policies to "spread the wealth" or "tax the wealthy" or some other version of that, the extent to which they do this, the people are worse off.

NO rich person in a free economy ever got that money through force or coercion. Everyone in these transactions gains from it. For example, the customer wants the milk more than the $4, and the store wants the $4 more than the milk. Both parties benefit.

This is unlike with government which simply CONFISCATES money against the will of people. You have no choice but to buy a government service. But you DO have a choice of whether or not you want to buy a Microsoft product.

Next thing is this vague "1%". 1% of income is a statistical bracket, not real people. In reality, people enter into and move out of the 1%. Also, other people move into it. Saying the top 1% are getting richer is false. In reality, only that bracket is getting richer. The real flesh-and-blood people are often getting poorer.

Also, people complain that the 1% own all the wealth. Well, guess what, they also pay all the taxes. The top 10% of wealthiest people in the US pay 70% of the taxes. The top 1% pay 40%. Half the people in the country pay 0 taxes.

Finally, companies compete for labour. We have this mistaken notion that companies can just pay people whatever they want. Well, they can't. Why? Because if McDonald's is only paying $5 an hour and Burger King is paying $8 an hour, no one will work at McDonald's. Only about 7% of workers make minimum wage. Obviously that wouldn't be the case is companies could pay any amount. If they did, everyone would just get minimum, not a measly 7%.

People need to realize that alienating and protesting rich people will not make the protesters richer. These rich people have this wealth for a reason. They provided products and services that people wanted. That's the only way.