Any socialists reading this? If so, get this. Capitalism works. Full stop. Socialists want to promote something that is a complete menace to society. An economic system that has caused the deaths of millions and guaranteed poverty for the citizens that had to endure life under it. The USSR, otherwise known as the Union of Soviet Socialist Republics, was one such disastrous example of socialism in practice and not in theory.
Socialism, a socialist economy, is characterized by the government ownership of all means of production. They own the big factories, the transportation industry, the steel industry and all other significant business. The government decides what to produce, what size and shape and how many, as well as the non-negotiable price. They also set worker salaries and wages.
In capitalism, practiced in Denmark, Norway, Sweden, Germany and the U.S., the businesses are owned by private entities. They decide what to produce, what quantities and what sizes. The price is determined in the open marketplace. If people don’t like the product, they don’t buy it and the company does something else or folds. Yes, many of these countries provide wide benefits to their citizens, paid for by their high rates of taxation. But this is not socialism. Listen to the words of the Danish Prime Minister at a Harvard Business School address: “I know that some people in the U.S. associate the Nordic model with some sort of socialism. Therefore, I want to make one thing clear: Denmark is far from a socialist planned economy. Denmark is a market economy.”
Communism, a paper system devised by Karl Marx, states one of the basics of communism is the complete abolition of private property. His major pronouncement was when communism existed, the state would wither away. This has never happened.
Milton Friedman, perhaps the greatest economist of the 20th century, stated that capitalism is the only system that has improved the lot of those in dire poverty. And, “there is no alternative way so far discovered to improve the lot of ordinary people that can hold a candle to free enterprise.”
What is amazing is with the world’s largest experiment with socialism having failed — the Soviet Union — that anyone would advance it as a viable economic system.
Venezuela is the latest country to fall for the deception of socialist bureaucrats. Now the Venezuelan population is forced to go hungry – some call it the ‘Maduro diet’ (named after Nicolas Maduro, the president of Venezuela). Socialism is a dangerous global ‘virus’ that if left unchecked, can cause widespread poverty and misery on a grand-scale.
The only cure for the socialist scourge is to actively fight it through all means possible – online media, newspapers, TV, social media, etc. The continued struggle against the socialist menace is the only way forward as a people – no matter the race, background, income level, ethnicity – we all must fight these brainwashed socialist activists.
Capitalism may not be perfect, it has its flaws. However it is the ONLY effective economic system that is proven to work and provide wealth and a high standard of living for the vast majority of citizens. Why is it that Western nations, Japan, the Four Asian Tigers, Israel and the GCC Gulf States are the only truly wealthy regions on the planet? Because they all have successfully adopted free-market capitalist systems. The proof is in the pudding.
Even former communist states such as the Czech Republic, East Germany, Slovakia have caught up to their Western neighbors after implementing capitalist economic systems.