Economics
Is Capitalism One of the World’s Greatest Restraints on Evil?
For most of my adult life the word “socialism” was treated like a four letter word. Rightfully so.
More people were killed in the 20th century at the hand of socialist governments (including Nazism and communism) that any other time in history–over 100 million innocent people.
Even those who were spared by the socialist regimes became enslaved and impoverished by heavy-handed governments.
Yet, socialism seems to be in vogue in the 21st century with a recent poll indicating that 40% of Americans now view it somewhat favorably–especially young people.
Why do many embrace socialism and want to do away with capitalism–the largest driver of prosperity and freedom?
Because capitalism just might be one of the greatest restraints on sin in the world today.
Why Capitalism Works and Socialism Doesn’t
It appears that “socialism” stands at the forefront of the 2020 election with a multitude of Democratic hopefuls jumping into the race while espousing its tenets.
I detailed recently the naive absurdity of the “Green New Deal” popularized by New York Representative Alexandria Ocasio-Cortez. Last week I shared my own eye-witness report on what socialism/communism does to cripple and impoverish nations.
So, why not do a “trilogy” on socialist philosophy that really gets to the bottom line?
There are clear cut reasons why capitalism works and socialism doesn’t.
I Saw Socialism at Twenty-One. It Was Ugly. Still Is.
I’ve embarked on an 18-24-month project that will help with some future books.
It involves putting my personal journal on computer. I started writing on October 30, 1972 and continue to this day–over forty-six years of journaling.
I’ve already transcribed the hand-written pages from October 1972 to March of 1975. They’ve been enlightening. One subject I glimpsed with my own eyes in 1974 is in the news these days.
Socialism.
I saw it at age 21–in four nations. It was ugly. Still is.