Capitalism vs a welfare state

2016-11-23 06:00

I RECEIVED the following via e-mail, which puts our SA situation in a clear perspective.

It should be read especially by those government officials, who are dishonestly pocketing taxpayers’ money as well as those who are demanding free tertiary education, and causing untold damage to university property.

It went: A guy looked at my Corvette the other day and said: “I wonder how many people could have been fed for the money that sports car cost.”

I replied: “I’m not sure. But I do know that it fed a lot of families in Kentucky who built it. It fed the people who made the tyres, it fed the people who made the components that went into it, and it fed the people in the mine who mined the copper for the wires.

“It also fed people at Caterpillar, who make the trucks that haul the copper ore. It fed the truckers, who hauled it from the plant to the dealer and fed the people working at the dealership and their families. But I admit I don’t know how many people it fed in total.”

The e-mail went on: That’s the difference between capitalism and a welfare mentality. When you buy something you put money in people’s pockets and give them dignity for their skills. When you give someone something for nothing you rob them of dignity.

Capitalism is freely giving your money in exchange for something of value. Socialism is taking your money against your will and shoving something down your throat that you didn’t asked for.

Need more be said?



Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Partner Content
How data is changing investments

Technological disruption is rife in many spheres of business and given the quantity of data available, it’s no surprise that the way in which asset managers work is also changing fast.

Behind the sparkle

Alluring, beautiful and timeless - diamonds are some of the most sought after gems in the world and are a true testament of everlasting brilliance. Let us take you behind the sparkle to show you the history behind this coveted jewel.


Chocolate can be fatal for dogs

Chocolate contains a substance called theobromine that is similar to caffeine and is toxic to dogs at certain levels.



Spider-man star's adorable relationship with his dog
Do you know what you are feeding your dog?
Watch: Proof animals have souls
Would you clone your pet?
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.