Well, points for one thing: Who controls the capital is, indeed, the central problem of politics today, or rather, using propaganda and censorship to obscure the answer is the central problem of politics today.
Why does the free market work? For similar reasons that make gambling a big business: lots of people wanting to risk their time and effort to start a business in hopes that they will get a jackpot. Most new businesses fail, but the ones that succeed drive the economy.
I have an in law , actually nice, quite intelligent and has a well paying Job—but young. He spoke favorably of socialism actually once when I was denigrating it he called it:
AWESOMISM —- he made the name up. He thinks socialism is all about people helping each other.
What’s funny is he is college educated but on computers, never have heard him talk once about Mao, Stalin. The Killing Fields, Tienamen Square. I’m not sure he even is aware they occurred. I don’t think he was ever taught about them.
I think that’s why our younger generation is turning back to socialism. COLLEGE (to a lesser degree HS)
Socialism fails because it it makes assumptions about human nature and human responses that are in complete conflict with reality.
it gives too much power to the govt
In a nutshell: Economic Liberty and Personal Liberty are inextricably intertwined. You cannot have Economic Liberty without Personal Liberty, and you cannot have Personal Liberty without Economic Liberty.
Remove one Liberty, and the other goes with it.
That is the truth.
The US Constitution was constructed to take into account human nature, because the founders recognized that Men were (and are) inherently flawed.
Leftists believe Man is perfectible, if you address issues such as Poverty, Ignorance, Disease, etc.
…because sooner or later you run out of other people’s money…
Socialism would work if only we had the right people in charge.
I am the right person.
The flaw in socialism is that I can’t seem to get everyone to agree that I should be king.
Tyranny is when anyone else tries to be king, so we are at an impasse.
The author wrote capital, but money is just a form of data, which is why most of it is now stored and processed by computers. At its root, money is data about energy.
The term capitalism was invented by leftists, as was the term socialism. Don't let leftists control the language. The capital concept is too abstract for most people to work with. Most free market participants need far more free access to low-cost energy than they do leftist abstractions. Further, there is nothing social at all about envy, and therefore nothing social about socialism.
NO system works when the majority of citizens are immoral, greedy and don’t believe in anything more than material wealth.
The material power of capitalism under such an immoral Godless climate that is festering worldwide may very well eclipse any horrors we have seen from socialism so far...
Everyone on this thread explaining why socialism doesn’t work is wrong. Socialism works great if you understand what it is actually supposed to do. Socialism is the lie the evil tell the stupid in order to gain power. What other philosophy could convince masses to voluntarily hand over wealth and power to people who harm them