P15 Set 1: Definition of Capitalism __

1. __ Capitalism is a Law of Economics; it is always an integral part of Liberty.
2. __ The republican form of government, designed to maximize Liberty, is joined at the hip to Capitalism.
3. __ WTP must never allow any other form of government; WTP must consider advocating for any other form of government to be treasonous at some level.
4. __ Any attempt to substitute another economic system is a government system designed to control societies for the rulers’ benefit.
5. __ Any anti-capitalist candidate is a traitor to our USA because Capitalism is only possible in Liberty. It is time to shun political factions because they are ignorant fools or despots.
6. __ Several representatives who hate our USA come to mind, and they get elected by lying about their beliefs in government. Progressivism is a lie made from whole cloth, and political parties seeking power go along.
7. __ WePEG1787 asks what the Principles of Progressivism are and where they have been applied in WTP.
8. __ In Capitalism, private individuals and businesses own the means of production in Liberty.
9. __ Capitalism operates on voluntary exchange and free markets in Liberty. Billions of transactions occur in seconds; it is virtually impossible to control Capitalism except by stopping transactions, which always leads to scarcity.
10. __ Capitalism is driven by the motive of profit and free competition in Liberty. Supply and demand self-level, the best ideas rise, and efficiency is rewarded, all without human hands that cannot possibly keep up.
11. __ Government must play a limited role in Capitalism; the role is regulatory, not directive, in Liberty. Other types of government failure illustrate the power of Capitalism for WTP.
12. __ In Socialism, the government owns major industries, which can limit all other sectors. China, North Korea, and Cuba identify as Socialist.
13. __ Democratic Socialism is friendly, similar to the Pilgrims initially. Sweden, Norway, Denmark, Finland, and Iceland are examples. All of them are small and self-centered in sustaining their government.
14. __ A great miracle of our USA is that our Pilgrims were starving and turned to Liberty with private property as their solution. (Believers see additional help.)
15. __ Communism is a totalitarian system of government in which a single authoritarian party controls the state-owned means of production.
16. __ Fascism is a centralized dictatorship like Nazi Germany, communism on steroids. Opposition is violently suppressed, the economy is state-directed, propaganda is central to regime control, and production is controlled with private ownership.
17. __ The modern Progressives’ strategy is very close to Fascism.

P15 Set 2: Dangers of Capitalism __

1. __ The number one danger to Capitalism is political parties because the enemies of Liberty must destroy it to control WTP’s Lives. Liberty and Capitalism are one.
2. __ Capitalism does have one problem in the context of Liberty. The big dogs can and will eat the little dogs until one big dog has control. That is called a monopoly.
3. __ When a monopoly negatively affects our Liberty, the government must pass protective laws or break up the monopoly to restore competition.
4. __ The Golden Age in our USA led to monopolies. The Sherman Antitrust Act was passed in 1890, followed by the Clayton Act in 1914 and the Federal Trade Commission Act in 1914.
5. __ The Northern Securities Company (Railroad) was divided in 1904. Standard Oil was divided in 1911. American Tobacco was divided in 1911. AT&T was divided in 1982. Microsoft was sued in 2001, and a settlement protected web browsing.
6. __ The bottom line is that WTP’s Liberty representatives must govern within the proven Laws of Economics, not alternate ideologies that are simply a road to subjugation.
7. __ The Liberty interests of WTP must always exceed harmful monopolies’ interests.
8. __ Human Nature will produce economic cheaters, both in and out of government, and this demands that WTP be able to see our nation’s money at all times—every penny.
9. __ As mentioned above, our nation’s economy has three universal components that touch everyone, and therefore, WTP’s representatives must manage them to the lowest possible cost as a matter of Principle.
10. __ The cost of alternative energy sources must be driven down to the lowest cost before adoption. As a matter of Principle, the cost of energy must NEVER be artificially driven up to the cost of an alternative.
11. __ Solar and wind can never work because fossil fuel costs are being raised to solar and wind costs. That means there is no capital to develop efficient solar and wind systems, and a total collapse is the outcome of Nature’s Law. It must happen; it is the Law and will be catastrophic. The only good news is that total failure is becoming obvious.

P15 Set 3: Economic Laws __

1. __ The Laws of Nature, Governing Principles, control all economies. Our political party governments ignore them for their own self-interest, and WTP always pay the price.
2. __ What You Subsidize, You Get More Of. When the state pays for something, the supply of it expands — even if it’s harmful or inefficient. Subsidies increase dependency, distort markets, and often grow the very problem they were meant to fix.
3. __ What You Tax, You Get Less Of. Taxes discourage the activity being taxed — work, savings, investment, productivity. High tax burdens shrink the economic base, slow growth, and push activity into the shadows or overseas.
4. __ Law of the Seen and Unseen. Government action produces visible benefits for some, but the hidden costs for others are usually larger. Politicians claim credit for the “seen,” while the WTP absorb the “unseen” losses — debt, lost jobs, lost innovation.
5. __ The Law of Unintended Consequences. Every government action produces side effects that policymakers did not foresee. Programs create problems bigger than the ones they attempted to solve (e.g., rent control causing housing shortages).
6. __ The Iron Law of Bureaucracy. Bureaucracies eventually serve themselves, not their mission. Government agencies become self-preserving machines — expanding budgets, resisting reform, and ignoring outcomes.
7. __ Public Choice Economics. Politicians act in their own interest, not the public interest. Government actors respond to incentives just like everyone else, leading to vote-buying, cronyism, special-interest favoritism, and policies that sound good but fail.
8. __ Regulatory Capture. Industries eventually take over the agencies that regulate them. Rules protect incumbents, not consumers. They create monopolies and reduce competition.
9. __ The Law of Scarcity. Resources are limited; someone must bear the cost. WTP, debt, or inflation pays for every “free” government program.
10. __ Gresham’s Law. Bad money drives out good money. When the government debases currency, citizens hoard real value, and the economy deteriorates.
11. __ Say’s Law. Supply creates demand. Prosperity comes from production, not consumption; government spending does not create real wealth.
12. __ The Law of Incentives. People respond to incentives every time — even perverse ones.

Welfare can discourage work; tax breaks create loophole-hunting; grants create grant-dependence; rules create compliance industries.

1. __ The Law of Diminishing Returns. At some point, adding more input yields less output. More laws equal less justice. More spending equals weaker programs. More regulation equals less innovation.
2. __ The Ratchet Effect. Government expands in crises and never shrinks back. Every emergency permanently grows the state (World Wars, New Deal, COVID-era expansions).
3. __ The Law of Government Growth. Government spending naturally grows faster than the economy—endless pressure for higher taxes, higher debt, and larger bureaucracy.
4. __ The Tragedy of the Commons. Shared resources get overused because no one owns responsibility for them. Political systems mismanage public goods (roads, budgets, pensions) because costs are diffused and benefits are concentrated.

P15 Set 4: Economic Liberty __

1. __ WTP must understand Economic Liberty to preserve it.
2. __ Individuals decide how to work, where to work, and what to buy in Liberty.
3. __ Consumers vote with dollars, shaping supply and innovation in Liberty.
4. __ Profit motive drives companies to innovate (new products, better services) in Liberty.
5. __ Competitive pressures lead to better resource use and lower prices in Liberty.
6. __ In socialist/communist systems, the lack of ownership dulls innovation.
7. __ Historically, capitalist countries produce higher GDP and income levels.
8. __ There is greater access to goods and services than in planned economies.
9. __ Capitalism has lifted more people from poverty than any other system.
10. __ Millions of individual decisions create more responsive markets.
11. __ There is the flexibility to adapt to local needs and demands.
12. __ Individuals can rise through innovation, work, and entrepreneurship.
13. __ There is no fixed class system as in feudal or rigid socialist structures.
14. __ Capitalism encourages self-reliance and responsibility.
15. __ Consumers determine success; businesses must respond or fail.
16. __ Contrast: In command economies, consumers have few choices.
17. __ Government focuses on enforcing contracts and protecting Rights.
18. __ Respects property rights and individual agency rights.
19. __ Aligns with natural law and the dignity of work.
20. __ Voluntary charity and entrepreneurship are fostered.
21. __ Capitalism is not a political ‘-ism;’ it is the applied Laws of Economics. Capitalism is that simple.
22. __ Debating capitalism is like debating water. There is no economic debate; only alternative outcomes from decisions based on Economic Law or in defiance of it.
23. __ Every other ‘-ism’ violates Economic Law and, by definition, cannot work for WTP.
24. __ Economic systems are defined by how they handle scarcity, and capitalism is the only system that can perfectly solve the scarcity problem without government interference. Please think hard about that.
25. __ P40 proved that with natural gas. WTP’s government-regulated natural gas was sold at a price below average production cost, and there was little supply to buy. That is government control.
26. __ P40 deregulated it. The price shot way up at first, but the market forces themselves, chasing the high price, followed by competition, actually brought the price below the regulated price with dramatically increased production.
27. __ P46 proved beyond all doubt that the government cannot regulate markets for the benefit of WTP, only to control us, the goal of our enemies.
28. __ Controlled economies have been proven not to work for WTP, including in the early days of the Pilgrims.
29. __ Government has no mechanism to address scarcity; it can only distribute it for its own purposes, not WTP’s.
30. __ With every organization in our USA except one, the owners have a vested interest in its capital and resources.
31. __ When our governments act independently of any vested interest in WTP’s capital, they waste an extraordinary percentage without a single care. That must stop immediately.
32. __ ALL government money belongs to WTP; it makes no sense to give it to our government to give some of it back to us. Never.
33. __ Capital is the engine of capitalism, and the government will always allocate capital too soon or too late, wasting our capital because they have no vested interest except power.
34. __ Only the free market can allocate capital efficiently because its owners have a vested interest.
35. __ Our government’s ignorance of Economic Law is fatal and must be fixed immediately.
36. __ Raising or lowering taxes as a party philosophy is intentional ignorance.
37. __ Static budget projections are intentional ignorance.
38. __ Believing government spending can help the economy is deliberate ignorance.