The Hill News

Americans have been bound together by a common belief in credit. Capitalism is our motherland and our cultural heritage was forged in the post-Civil War boom when shrewd men took advantage of the Industrial Revolution to secure vast fortunes. From their success sprang the notion that, in America, a better life awaited.

This rags-to-riches theme formed a powerful folklore, one that linked capitalism with the beautiful possibilities of life. The capitalist system is built upon the notion that the friction of workers competing against one another benefits the consumer and thus the economy. The classic definition of capitalism is that for one to win, another must lose.

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