Posted on 08/30/2024 7:37:43 PM PDT by george76
The elements of an economic plan presented by Kamala Harris consist of price controls, higher taxes, greater government spending, interventions, regulations, and subsidies paid for by printing a currency devalued by high inflation. These elements constitute “21st-century socialism.” The Kamala Harris–Tim Walz economic plan is the most radical socialist economic plan ever announced by the Democrats.
It was Spanish-American philosopher George Santayana who said, “Those who cannot remember the past are condemned to repeat it.” Why cite him? Because Harris and Walz don’t seem to be able to remember the past, much less learn from it. They want to take the U.S. back 75 years to replay the economic disaster that was Argentina.
A brief history lesson: Argentina prospered under (classical) liberal economic policies in the early 20th century. The country became the world’s seventh wealthiest nation in 1908. It enjoyed a high per-capita income, higher than many European countries and its Latin American neighbors. The military took control of the country in 1930 through a coup d’état. This marked the end of Argentina’s economic rise.
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Argentina was once one of the wealthiest countries in the world, but no longer.
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More ominous than his economic policies was Perón’s assaults on civil liberties.
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Socialists always claims to be “for the people” as they heap enormous amounts of money and political power on their supporters — as with the “Green New Deal.” Further, socialists ridicule faith in God
(Excerpt) Read more at americanthinker.com ...
d+1
A race to the bottom. Definition of socialism. A race to the bottom.
Heard many stories on TV about the origin of price controls managed & many names were mentioned...except for Jimmy Carter. I had always thought he was the one who started that crap. I could be wrong.
Socialism is buying power with other people’s money. The money runs out and the power grows.
They will tell you that socialism works when the right people are in charge.
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