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Basketball can teach us about capitalism - & not in the big $$$ churned by the NBA & NCAA. Capitalism is a lot like a single-loss tournament, such as the NCAA tournament that will start in a couple of weeks (or like Indiana high schools used to have). 1/36
Rev Micah Beckwith, like me, is a GOP candidate in May 5 primary 4 INCD5. Unlike me, he is a bigot & advocates theocracy - gov’t by those who R believed 2B or represent they act under immed direction of God. Black’s Law Dictionary, 10th ed., 2014, p. 1706. 2/36
As I have noted a couple of times, extremists like Rev Beckwith - who says morality only is based in scripture and that atheists, agnostics, Hindus and Muslims cannot be moral - were not amongst the late (GOP) Senator Barry Goldwater’s favorite people. 3/36
Rev Beckwith also has odd views in regard to economics. “I will always support the Free Market. I will always support the Free Market. No economic system has done more to raise the standard of living for people around the globe than capitalism. ... 4/36
I believe that competition, free markets, and deregulation are the best ways to create jobs and generate wealth for all. When the government cut’s spending and lowers the tax burden on hard-working families and entrepreneurs ... 5/36
we can establish a framework that empowers family farms and small businesses to succeed.” 6/36
Adam Smith “is perceived, through his best-known book, An Inquiry into the Nature and Causes of the Wealth of Nations, as the founder of economics as a science.” Ross, The Life of Adam Smith, 1995. Smith’s two-volume work was published in 1776. 7/36
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