We all need food, clothing, shelter and healthcare. Businesses provide for all our economic needs - and for every conceivable want as well. Yet aren't investors and businesspeople driven by greed? Perhaps some are. But even if you're the greediest businessman on the planet, no one is going to give you a dollar until you provide them with something of value. That's why we call them free markets. In a capitalist society, every transaction is voluntary. If you provide people with what they want, you may get rich. If you provide millions of people with what they want - like Bill Gates, Oprah Winfrey or Jeff Bezos does - you may get very rich. What's so terrible about that? As for exploitation, businesses are always competing to attract, retain and promote the most talented individuals they can find. That means offering competitive pay and benefits. As an employee, however, I may feel that I'm not being properly compensated. I may need to ask for a raise... or leave. But how am I exploited by showing up every day and receiving exactly the compensation I was promised? If I want to earn more, maybe I should get more education, new skills or more experience. In this economy, there is almost certainly someone out there who wants what you have to offer. The number of job openings in the U.S. is at a record high 8.12 million. Of course, some folks don't want to educate themselves, retrain, work longer hours, earn a promotion or go through the hassle of changing jobs. They prefer to hear that "the system is rigged," "the economy is broken" and "the little guy doesn't stand a chance." That's nonsense, of course. But it helps get some people elected. How about the issue of economic inequality? This, too, has been exaggerated and distorted, but most people don't know how or why. These are exactly the topics I'll be discussing with renowned journalist and longtime subscriber Bill O'Reilly during our special live broadcast on June 3. (Just click here to register.) Good investing, Alex |
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