Moreno Blames Capitalism For What Ails Us

District 3 Councilman Jose F. Moreno recently posted this on his Facebook page:

One of the constants of human history is smart people believing foolish things. There’s a lot of it going around nowadays and Moreno’s re-post of this nonsense about capitalism is a case in point.

It’s capitalism that funds our pensions.

It’s capitalism that endlessly opens new opportunities for the freedom to create, invent and innovate.

It’s capitalism that has spurred the creation of tens of millions of good paying jobs and continually enlarges our middle class.

Capitalism doesn’t put people in debt (we do that to ourselves) but it does generate countless opportunities to work and earn one’s way out of debt.

It is capitalism that funds our health care system (including government health care programs). Capitalism is responsible for America’s world-class health care system. It is thanks to capitalism that America leads the world in life-saving medical advances and pharmaceutical research.

It is capitalism that pays for our public education system, and it is the employers who inhabit our capitalist economy who make up for the failings of bureaucratized public education with job and skills training. It is the teachers unions and their allies who have dismantled public education.

Capitalism is the antidote to xenophobia and racism. It respects and is drawn to ability and hard work and talent – and it has provided pathways of opportunity for tens of millions of immigrants and minorities to advance and rise in spite of bigotry.

Capitalism didn’t give us hate. Hate is as old as mankind. It goes back to Cain and Abel.

Democratic capitalism is morally good system – it is far more in tune with human nature than socialism. That why capitalism works – and raises hundreds of millions of human beings out of poverty – while socialism fails and pushed people into poverty and misery.

It’s reminiscent of this sentiment Councilman Moreno expressed a few months ago:

No. Rich people do not create poverty. That is absolute nonsense.

Moreno forgets that poverty existed before there were any rich people. Poverty is our natural state. It is human ingenuity, work, talent, cooperation, liberty and the rule of law — the essential elements of capitalism – that create wealth and opportunity and lift us out of poverty.

There is a lot of nonsense floating around the political world these days. But the above screed takes the cake – and Councilman Jose F. Moreno agrees with it. Keep that in mind next time he offers policy solutions to anything related to economics, money or human behavior.

4 comments

  1. Jose Moreno is an idiot. Sounds like he is going to run against Correa.

  2. Thank you America for financing my education- all the way through Harvard. Thanks to the free market, we have been able to negotiate six figures salaries and live in an amazing house.
    Based on the free market I pushed for my communist ally Mike Matsuda to get a 17 percent salary adjustment to finance his million dollar home in Fullerton.
    Oh and then I woke up!!!!!

    • And when we wake up we realize that Jose has no gratitude for America or the people that helped him along the way. He and his cohorts have a singular ambition to enrich themselves on the backs of others.

      If they were not so full of it, they would take pay cuts instead of rig pay increases for each other or another option would be to take their million dollar homes and pull out some equity to buy apartments on Anna street, then offer low cost housing to those that they claim to care about

    • Actually, Matsuda was given a 1.7% pay increase, not 17%.

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