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Capitalism as defined by Dictionary.com gives the impression that individuals and corporations run the economy by producing, distributing, and exchanging wealth. This is a partly true, partly untrue definition. Capitalism is an economic system, and it is maintained by private individuals as opposed to the government. As corporations are run by private individuals, and the definition still does not cover the full scope of capitalism objectively.
In Objectivism, capitalism is the only social system that is able to protect individual rights. Ayn Rand’s article �What is Capitalism� within the book, Capitalism: The Unknown Ideal, spells out the system beautifully.
Within the system of laissez-faire capitalism, the government’s place is the defender of individual rights. Its job is to protect rights by preventing the unlawful use of force against innocent individuals, and will only use its monopoly of force against those who initiated it.
All men within capitalism are free to trade, exchange, and conduct business with other men in a voluntary manner. Every person within a capitalist society is free to achieve his highest potential, or even to choose to not achieve anything, as no one is allowed to use physical force to move men. Every person would have the same opportunities to succeed, as all objective laws would apply to all men equally.
So why does capitalism have such a bad reputation in the 21st century? It is mostly because as a social system, capitalism is incompatible with the social systems that dominate the world today: varying degrees of socialistic and free economies, aka the �mixed economies.�
It is possible to get a 6% or even a 7% or greater return by buying preferred or common stock in a company which has been plugging along earning steadily, yet unspectacularly, for years and thus offers little promise of a price gain. Many investors, the more speculative, will willingly forego the smaller, fairly well assured gain, in the hope that the stock they buy will continue to gain spectacularly and so go up spectacularly in price.
Sometimes it does exactly this. I bought one stock at $7.25 a share which went to $190.00. (I told you that people boast about it.) Before you feel too jealous, though, I hasten to add that I sold out at $68.75, on the way up, being convinced that the stock was overpriced even there and just couldn’t go any higher.
Often such a stock will run into hard times and perform unspectacularly. Or perhaps its price will drop spectacularly. Never lose sight of the fact that in common stocks there are capital losses as well as capital gains. There are big, juicy, garden-variety losses. People don’t boast about these, only about their gains. When they lose, they lick their wounds in silence. In everything you do you must have the possibility of loss in mind, and each time you make a decision you must know what your position would be, together with what steps you would take, if the worst happened instead of the best. Always try to recognize the amount of risk you are taking.
Having said this, forcefully I hope, I must add in the interest of presenting the whole picture–that even a speculator in the stock market has two vital things going for him which a person who speculates on a horse race or a football game, for instance, doesn’t have.
Betting on a horse race or a football game or trying for capital gains in the stock market all present the possibility of very interesting gains. But if you lose in the first two, you lose everything.
When taking for donations, it’s of great value to possess a situation statement. This can be a document that’s very advantageous when approaching people from the private and public companies for donations. The statement must put down a obvious and realistic group of goals, as well as particulars of the way the funds should be spent, and who manages the general campaign. Without a well crafted statement it’s unlikely that good success is going to be seen.
It may be a big help to recruit campaign chairs. These are typically those who are respected inside your neighborhood as well as known everywhere. Such people won’t normally manage the campaigns, they’ll rather use their personal connections and influence to assist raise funds.
It’s very helpful to construct an extensive plan and time-line for any chapel capital campaign. All people from the fundraiser team must have a port in to the work plan. Agreement ought to be made regarding who’ll directly manage the campaign. The program also needs to contain info on every task that should be completed by who. Something must be in position to record all of the donations that are delivered. It may be useful creating a gift table to ensure that it is simple to keep a record on donations and targets.
Try to organize weekly meeting were the progress from the fundraiser can be talked about. Don’t let yourself be afraid to alter methods that aren’t getting the preferred results. A weekly meeting enables people from the organization to brainstorm concepts and discuss any new ideas that they might have.
