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Capitalism vs. Socialism
Townhall.com ^ | May 30, 2018 | Walter E. Williams

Posted on 05/30/2018 6:23:38 AM PDT by Kaslin

Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.

Free market capitalism, wherein there is peaceful voluntary exchange, is morally superior to any other economic system. Why? Let's start with my initial premise. All of us own ourselves. I am my private property, and you are yours. Murder, rape, theft and the initiation of violence are immoral because they violate self-ownership. Similarly, the forcible use of one person to serve the purposes of another person, for any reason, is immoral because it violates self-ownership.

Tragically, two-thirds to three-quarters of the federal budget can be described as Congress taking the rightful earnings of one American to give to another American -- using one American to serve another. Such acts include farm subsidies, business bailouts, Social Security, Medicare, Medicaid, food stamps, welfare and many other programs.

Free market capitalism is disfavored by many Americans -- and threatened -- not because of its failure but, ironically, because of its success. Free market capitalism in America has been so successful in eliminating the traditional problems of mankind -- such as disease, pestilence, hunger and gross poverty -- that all other human problems appear both unbearable and inexcusable. The desire by many Americans to eliminate these so-called unbearable and inexcusable problems has led to the call for socialism. That call includes equality of income, sex and race balance, affordable housing and medical care, orderly markets, and many other socialistic ideas.

Let's compare capitalism with socialism by answering the following questions: In which areas of our lives do we find the greatest satisfaction, and in which do we find the greatest dissatisfaction? It turns out that we seldom find people upset with and in conflict with computer and clothing stores, supermarkets, and hardware stores. We do see people highly dissatisfied with and often in conflict with boards of education, motor vehicles departments, police and city sanitation services.

What are the differences? For one, the motivation for the provision of services of computer and clothing stores, supermarkets, and hardware stores is profit. Also, if you're dissatisfied with their services, you can instantaneously fire them by taking your business elsewhere. It's a different matter with public education, motor vehicles departments, police and city sanitation services. They are not motivated by profit at all. Plus, if you're dissatisfied with their service, it is costly and in many cases even impossible to fire them.

A much larger and totally ignored question has to do with the brutality of socialism. In the 20th century, the one-party socialist states of the Union of Soviet Socialist Republics, Germany under the National Socialist German Workers' Party and the People's Republic of China were responsible for the murder of 118 million citizens, mostly their own. The tallies were: USSR 62 million, Nazi Germany 21 million and PRC 35 million. No such record of brutality can be found in countries that tend toward free market capitalism.

Here's an experiment for you. List countries according to whether they are closer to the free market capitalist or to the socialist/communist end of the economic spectrum. Then rank the countries according to per capita gross domestic product. Finally, rank the countries according to Freedom House's "Freedom in the World" report. You will find that people who live in countries closer to the free market capitalist end of the economic spectrum not only have far greater wealth than people who live in countries toward the socialistic/communist end but also enjoy far greater human rights protections.

As Dr. Thomas Sowell says, "socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster."


TOPICS: Culture/Society; Editorial
KEYWORDS: capitalism; freemarketcapitalism; socialism
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1 posted on 05/30/2018 6:23:38 AM PDT by Kaslin
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To: Kaslin

I haven’t seen millionaire and billionaire advocates for Socialism (think Ted Kennedy and John Kerry and Bernie Sanders) and explicitly named Communism (think Jane Fonda) give up their wealth or status or move to a Socialist or Communist nation.

#YouFirst


2 posted on 05/30/2018 6:26:50 AM PDT by a fool in paradise (Ads for Chappaquiddick warn of scenes of tobacco use. What about the hazards of drunk driving?)
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To: Kaslin

Bookmark


3 posted on 05/30/2018 6:27:11 AM PDT by GOP Poet
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To: Kaslin

It’s really simple:

Capitalism vs socialism is well demonstrated in Boeing B-29 vs Tupolev Tu-4

https://en.wikipedia.org/wiki/Tupolev_Tu-4

Socialism can’t create it. They copy it.


4 posted on 05/30/2018 6:29:43 AM PDT by robroys woman (So you're not confused, I'm using my wife's account.)
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To: Kaslin

Recent polls...

Blah blah blah


5 posted on 05/30/2018 6:30:49 AM PDT by Professional
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To: Kaslin

Capitalims produces everything socialists/communists wish to “redistribute.”

Socialism/communism produces nothing socialists/communists wish to “redistribute.”

Socialism/communism can only exist as a parasite of a capitalist host.

Once a parasitic infection becomes large enough, both the host and parasite die.


6 posted on 05/30/2018 6:31:19 AM PDT by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=600>https://i.imgur.com/zXSEP5Z.gif)
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To: Kaslin
As Dr. Thomas Sowell says, "socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster."

It never sounded great to me ever since I heard classmates in elementary school say "I want to be in Karl's group so I don't have to work." F### from each according to his ability.

7 posted on 05/30/2018 6:33:20 AM PDT by KarlInOhio (I can't tell if we live in an Erostocracy (rule by sex) or an Eristocracy (rule by strife and chaos))
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To: Kaslin

Socialism is completely de humanizing.

The give-away? Telling people they are not individuals but rather, ‘part’ of one huge, undifferentiated mass of ‘being’.

Sorry, pal...but I’m convinced that humanity is much better than that. Individuality is the most precious and essential aspect of life on earth without which there’s no point to existence. That’s just me, though


8 posted on 05/30/2018 6:38:54 AM PDT by SMARTY ("Nearly all men can stand adversity...to test a man's character, give him power." A. Lincoln)
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To: Kaslin
Let's compare capitalism with socialism

Comparing capitalism to socialism is flawed.

The flaw is comparing an economic form to a form of governance.

Capitalism exists in all forms of government including socialism.
The difference is in who owns and controls the capital, the people or the government.

9 posted on 05/30/2018 6:45:09 AM PDT by MosesKnows (Love Many, Trust Few, and Always Paddle Your Own Canoe)
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To: Kaslin
Capitalism has a socialist component. In a free market it is considered like an insurance policy. Sometimes people through no fault of their own, have need of assistance. It makes sense for free marketers to put a portion of their earnings aside for rainy days. It works better to belong to a group policy.

The problem arises when the policy begins to cover those who are unwilling to contribute. This is a problem with the culture not with the concept. Government is too generous and some people are too lazy. Eventually the entire enterprise collapses. Socialism is the decaying of capitalism.

10 posted on 05/30/2018 6:45:31 AM PDT by oldbrowser (Trump has exposed the deep state .)
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To: Kaslin

Walter Williams is a brilliant man, but he’s speaking into the roar of a hurricane. Only the banning of illegal public employee unions and the nationwide implementation of school choice will change the calculus.


11 posted on 05/30/2018 6:45:57 AM PDT by nickedknack
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To: Kaslin
"socialism sounds great. It has always sounded great. And it will probably always continue to sound great.

Because so many people think they can get something for nothing.

12 posted on 05/30/2018 6:46:03 AM PDT by libertylover (If people come here legally, they're immigrants; if they come here illegally, they're invaders.)
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To: libertylover

And when they realize they can’t, it’s to late for them.


13 posted on 05/30/2018 6:47:59 AM PDT by Kaslin (Politicians are not born; they are excreted -Civilibus nati sunt; sunt excernitur. (Cicero))
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To: Kaslin
When you make less than average, socialism sounds great.
Once you earn more than average, you'd be a fool if you remain a socialist.

14 posted on 05/30/2018 6:49:28 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: SMARTY

A few weeks ago, my pastor said God didn’t care about economic systems, socialism vs capitalism. Humans argue about such things, but God is above all this.

It might be time for a new pastor.


15 posted on 05/30/2018 6:51:29 AM PDT by PSUGOP
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To: robroys woman
We shipped the Soviets an awful lot of trucks in WWII to help them mobilize their army....in addition to canned food. The US produced 2,382,311 vehicles excluding tanks and spgs....the Soviets just 197,000.

The Soviets produced about 50,000 T-34s....we produced around 49,000 Shermans.

The difference being we also produced 300,000+ planes while the Soviets produced ~136,000.

The US produced 6,771 large ships, plus 35,000 landing craft....the Soviets, around 79 ships of all types.

US GDP by 1945 was 1,474 compared to the Soviets at 343.

Simply put....we would have overwhelmed the Soviets in a war.

Capitalism would have spanked Socialism.

16 posted on 05/30/2018 6:56:28 AM PDT by ealgeone
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To: Kaslin

Only the historically ignorant can believe Socialism is a good thing.


17 posted on 05/30/2018 6:56:44 AM PDT by Bayan
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To: Kaslin

Stefan Molyneux: I HAD A THOUGHT...
https://youtu.be/zDEea9I7U3E


18 posted on 05/30/2018 6:58:08 AM PDT by Fitzy_888 ("ownership society")
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To: Kaslin
Free market capitalism is disfavored by many Americans -- and threatened -- not because of its failure but, ironically, because of its success. Free market capitalism in America has been so successful in eliminating the traditional problems of mankind -- such as disease, pestilence, hunger and gross poverty -- that all other human problems appear both unbearable and inexcusable. The desire by many Americans to eliminate these so-called unbearable and inexcusable problems has led to the call for socialism. That call includes equality of income, sex and race balance, affordable housing and medical care, orderly markets, and many other socialistic ideas.
Socialists like to conflate “society” with “government.” In fact, that idea is very far from new:
SOME writers have so confounded society with government, as to leave little or no distinction between them; whereas they are not only different, but have different origins. Society is produced by our wants, and government by our wickedness; the former promotes our happiness POSITIVELY by uniting our affections, the latter NEGATIVELY by restraining our vices. The one encourages intercourse, the other creates distinctions. The first is a patron, the last a punisher.

Society in every state is a blessing, but Government, even in its best state, is but a necessary evil. . .

were the impulses of conscience clear, uniform and irresistibly obeyed, man would need no [government] . . .

security being the true design and end of government, it unanswerably follows that whatever form thereof appears most likely to ensure it to us, with the least expense and greatest benefit, is preferable to all others. - Thomas Paine, Common Sense (1776)

Since government exists only because of the imperfection of society, cynicism towards society corresponds to naiveté towards government. Cynicism towards society is therefore necessary and sufficient to motivate someone to be a socialist.

For that reason any one whose business is criticism - most certainly including journalists - will tend towards a socialist bent.


19 posted on 05/30/2018 7:25:18 AM PDT by conservatism_IS_compassion (Presses can be 'associated,' or presses can be independent. Demand independent presses.)
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To: Kaslin

The problem is that the vast majority of Americans are socialists to one degree or another. And, to a very large extent, the

Of course, virtually every government employee and virtually every government contractor believes that the function of his bureau either provides an essential public good that markets will not supply or is inherently a natural monopoly that must be socialized. That holds whether the function is national defense, the Post Office, the production and display of great art such as “Piss Christ”, or research into the mating habits of fruit flies under the influence of cocaine.

Once hooked on welfare, and facing astronomical marginal income tax rates if they attempt to earn their own way, recipients of Medicaid, food stamps, Section 8, AFDC, SSDI, etc. have almost insurmountable incentives to favor maintenance of the socialist status quo.

But these two groups are not adequately large or influential to demand government expansion, nor do they provide the resources necessary to fund the government. So, Americans typically receive thirteen to seventeen years of socialist indoctrination in government schools. Continuously reinforced by propaganda in the news and entertainment media, this socialist indoctrination causes the vast majority of Americans to believe all sorts of nonsense about the benevolence and wisdom of government and its public servants.


20 posted on 05/30/2018 7:31:48 AM PDT by Skepolitic
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