Thursday, December 25, 2008

Capitalism at its finest

Walt Disney was a wealthy man. Why? Because he pleased millions of people. One of his dreams, Disney World, is a true testament to the power of the most moral economic system on the planet: capitalism.

Having just returned from my first visit there, I am still blown away. The food was great, service awesome, shows and rides incredible. And it costs Disney World a fortune to provide all of that to the world. The payroll at the Magic Kingdom alone is $1.1 billion a year. The amount spent on maintenance: $100 million!

Anyone who advocates socialism should spend a few days at Disney World. No government in the world can plan the parks the way the Disney corporation has. Without the incentive that capitalism provides, a government-run theme park would be a disaster. The government can't even run a simple railroad (AMTRAK) properly - so how could they plan theme parks that employ thousands? The old saying will always hold true: markets work, central planning doesn't.

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