Socialism works very well from the collectivism standpoint. It’s the redistribution part that is always the problem. After the government takes its cut, there’s nothing left.
It’s hard to make a case for the superiority of capitalism when the Federal Reserve creates dollars amounting to 23% of GDP and hands them out. Capitalism failed, folks. It failed utterly and completely in 2008.
So when money itself is exposed as a substance created from nothingness on a whim buy a central bank then capitalism or socialism or any other ISM associated with money loses all of its meaning. There can be no superiority of one ISM over another ISM if money itself is exposed as a whimsical
Substance.
And no oh, don’t leave to think that this is supposed to be another gold worshipping presentation. Gold also means nothing. This is not physics. It’s not gravity. It’s not measurable electricity. It’s imagination. The substance has value only because you believe it does. Gravity exists whether you believe it does or not.
Let’s offer up another example of why Maduro’s evil needs redefining. We’re running a 1 trillion dollar deficit. GDP is between 20 and 21 trillion. That’s an external injection of about 5% of GDP into the economy. And what does this get us? 2% growth. Its fiscal stimulus of 5% of the size of the entire economy and all that generates is 2% growth. Capitalism erases 3% of the money injected. How is this admirable? How is this worthy of our praise?