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Posts Tagged ‘Socialism’

The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism | Mises Wire

Posted by M. C. on November 27, 2019

The longer a fiat currency is the coin of the land, the more one is led to believe that nothing should be in short supply, since everything is bought with money and money need not be in short supply.

https://mises.org/wire/hidden-link-between-fiat-money-and-increasing-appeal-socialism?utm_source=Mises+Institute+Subscriptions&utm_campaign=9934f04ede-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-9934f04ede-228343965

What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are quite certain they have learned that there is an alternative to markets as the means to economic prosperity. It’s a means that does not involve meeting the legitimate needs of one’s fellow men in the marketplace.

It is likely not a coincidence that most people living today have lived most of their lives in a world dominated by fiat money. It has now been nearly fifty years since the United States broke all ties between the dollar and gold. It’s been even longer since other major currencies were tied to gold at all. Consequently we now live in a world where the creation of wealth is seen by many as requiring little more than the creation of more money.

In this kind of world, why not have socialism? If we run out of money, we can always print more.

Unlimited Money Feeds the Myth of Unlimited Real Resources

The world was on a watered down version of a gold standard until 1971 when the US abandoned its solemn promise — the 1944 Bretton Woods Agreement — to back the dollar with gold at $35 per ounce. Gold backing of a currency provided a solid intellectual foundation of reality that few even recognized existed within themselves; (i.e., that we live in a world of scarcity and uncertainty). This reinforced the idea that wealth has to be built. It cannot be conjured out of thin air, just as gold cannot be conjured out of thin air.

But fiat currency can be conjured out of thin air and in enormous amounts. The longer a fiat currency is the coin of the land, the more one is led to believe that nothing should be in short supply, since everything is bought with money and money need not be in short supply. Those who know only unlimited fiat money soon demand free healthcare and free higher education as a right. And why not? Unlimited money will pay for it. Into this never-never land comes demands for scrapping the fossil fuel underpinnings of our modern economy by those who understand nothing of how an economy works. But, apparently one does not need to understand technical limitations, because there are no technical limitations. The “barbarous relic” (gold) had once limited the money supply and thusly seemed to limit the supply of vendible goods. Gold has been replaced by unlimited fiat money. Now it seems that unlimited aggregate demand can be funded by unlimited fiat money, leading to a world of plenty. Designer of the Bretton Woods Agreement Lord Keynes says so in this very insightful short video.

Fiat Money Turns the World Upside Down

The psychological impact of a lifetime within a fiat money economy cannot be underestimated. One’s world is turned upside down. For many, financial success becomes prima facie evidence of exploitation of the masses rather than something to be admired and to which one could aspire also. With more wealth seemingly available at the click of a computer button, only an Ebenezer Scrooge would deny funding the latest demanded government program. If wealth is so easy to create, many conclude only greed and cruelty are what stand between us and far greater prosperity for all.

But that is the very reason that fiat money is so subversive to the social order. In a sound money economy any new spending program can be funded only by an increase in taxes, an increase in debt, or by cutting existing funding. There is a real cost to each of these options. There is a real cost to printing money, too, but the cost is hidden. One does not see malinvestment at the time of money printing. Price increases are delayed and uneven, due to the Cantillon Effect whereby the early receivers of new money are able to purchase goods and services at existing prices. Later receivers or those who do not receive the new money at all suffer higher prices and a reduction in their standard of living. Even then most people do not link higher retail prices with a previous expansion of the money supply.

It would be hard to invent a more effective method for the destruction of modern society. As Pogo would say, “We have met the enemy and he is us.”

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There is No Escaping the History of Fiat Currency Failure ...

 

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Still Fighting the Last War Against Socialism | Mises Institute

Posted by M. C. on November 16, 2019

Even in the midst of almost unimaginable material comforts made possible only by markets and entrepreneurs—both derided by socialists—we cannot manage to conclusively defeat the tired but deadly old arguments for collective ownership of capital.

https://mises.org/power-market/still-fighting-last-war-against-socialism

Jeff Deist

Why does support for socialism persist?

The short answer may be simple human nature, our natural tendency toward dissatisfaction with the present and unease about the future. Even in the midst of almost unimaginable material comforts made possible only by markets and entrepreneurs—both derided by socialists—we cannot manage to conclusively defeat the tired but deadly old arguments for collective ownership of capital. We’re so rich that socialists imagine the material wealth all around us will continue to organize itself magically, regardless of incentives.

It’s a vexing problem, and not an academic one. Millions of young people across America and the West consider socialism a viable and even noble approach to organizing society, literally unaware of the piles of bodies various socialist governments produced in the 20th century. The fast-growing Democratic Socialists of America, led by media darlings Rashida Tlaib and Alexandria Ocasio-Cortez, now enjoy cool kid status. Open socialist Bernie Sanders very nearly won the Democratic Party’s 2016 nominee for president before being kneecapped by the Clinton machine. New York City mayor Bill de Blasio helpfully announces “there is plenty of money in this city, it’s just in the wrong hands.” He freely and enthusiastically champions confiscation and redistribution of wealth without injury to his political popularity.

Rand Paul and Thomas Massie are outliers on the Right. Ocasio-Cortez and de Blasio are not outliers on the Left.

How is this possible, even as markets and semi-capitalism lift millions out of poverty? Why does socialism keep cropping up, and why do many well-intentioned (and ill-intentioned) people keep falling for something so patently evil and unworkable? Why do some battles have to be fought over and over?

The Soviet Union collapsed and the Berlin War fell decades ago. The Eastern Bloc discovered western consumerism, and liked it. Bill Clinton declared the era of Big Government over, and Francis Fukuyama absurdly pronounced that Western ideology had forever won the day. Even China and Cuba eventually succumbed to pressure for greater economic freedoms, not because of any ideological shift but because it became impossible to hide the reality of capitalist wealth abroad.

Yet economic freedom and property rights are under assault today in the very Western nations that became rich because of them.

Today’s socialists insist their model society would look like Sweden or Denmark; not the USSR or Nazi Germany or Venezuela. They merely want fairness and equality, free healthcare and schooling, an end to “hoarded” wealth, and so forth. And they don’t always advocate for or even know the textbook definition of socialism, as professors Benjamin Powell and Robert Lawson learned by attending socialist conferences (see their new book Socialism Sucks: Two Economists Drink Their Way Through the Unfree World). In many cases young people think socialism simply means a happy world where people are taken care of.

Never mind the Scandinavian countries in question insist they are not socialist, never mind the atrocities of Stalin or Mao or Pol Pot, and never mind the overwhelming case made by Ludwig von Mises and others against central economic planning. Without private owners, without capital at risk, without prices, and especially without profit and loss signals, economies quickly become corrupted and serve only the political class. Nicolás Maduro feasts while poor Venezuelans eat dogs, but of course this isn’t “real” socialism.

History and theory don’t matter to socialists because they imagine society can be engineered. The old arguments and historical examples simply don’t apply: even human nature is malleable, and whenever our stubborn tendencies don’t comport with socialism’s grand plans a “social construct” is to blame.

These most recent spasms of support for the deadly ideology of socialism remind us that progressives aren’t kidding. They may not fully understand what socialism means, but they fully intend to bring it about. Single-payer health care, “free” education, wealth redistribution schemes, highly progressive income taxes, wealth taxes, gun bans, and radical curbs on fossil fuels are all on the immediate agenda. They will do this quickly if possible, incrementally if they have to (see, again, the 20th century). They will do it with or without popular support, using legislatures, courts and judges, supranational agencies,university indoctrination, friendly media, or whatever political, economic, or social tools it takes (including de-platforming and hate speech laws). This is not paranoia; all of this is openly discussed. And say what you will about progressivism, it does have a central if false ethos: egalitarianism.

Conservatives, by contrast, are not serious. They have no animating spirit. They don’t much talk about liberty or property or markets or opportunity. They don’t mean what they say about the Constitution, they won’t do a thing to limit government, they won’t touch entitlements or defense spending, they won’t abolish the Department of Education or a single federal agency, they won’t touch abortion laws, and they sure won’t give up their own socialist impulses. Trumpism, though not conservative and thoroughly non-intellectual, drove a final stake through the barely beating heart of Right intellectualism, from the Weekly Standard to National Review. Conservatism today is incoherent, both ideologically and tactically incapable of countering the rising tide of socialism.

Generals always fight the last war, and politics is no different. We all tend to see the current political climate in terms of old and familiar divisions, long-faded alliances, and obsolete rhetoric. We all cling to the comfortable ideology and influences that help us make sense of a chaotic world. As one commenter recently put it, liberal Baby Boomers still think it’s 1968 and conservative Baby Boomers still think it’s 1985. Generation X and Millennials will exhibit the same blinders. It may be disheartening to keep fighting what should be a long-settled battle against socialism, but today we have no other choice.

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'Welcome to 'All Sides of the Issues.' Here's our panel of commentators -- a communist, a socialist, a liberal, and a progressive....'

 

 

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4 Reasons Why Socialism Is Becoming More Popular | Mises Wire

Posted by M. C. on November 8, 2019

We have already seen above that what’s not happening at universities, even elite universities, today is a whole lot of education in important subjects like history. What we are getting instead is a lot of groupthink and indoctrination…

https://mises.org/wire/4-reasons-why-socialism-becoming-more-popular?utm_source=Mises+Institute+Subscriptions&utm_campaign=7a3cec0103-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-7a3cec0103-228343965

The newfound openness of large numbers of Americans to socialism is, by now, a well-documented phenomenon. According to a Gallup poll from earlier this year, 43% of Americans now believe that some form of socialism would be a good thing, in contrast to 51% who are still against it. A Harris poll found that four in ten Americans prefer socialism to capitalism. The trend is particular apparent in the young: another Gallup poll showed that as recently as 2010, 68% of people between 18 and 29 approved of capitalism, with only 51% approving of socialism, whereas in 2018, while the percentage among this age group favoring socialism was unchanged at 51%, those in favor of capitalism had dropped precipitously to 45%. The same poll showed that among Democrats, the popularity of socialism now stands at 57%, while capitalism is only at 47%, a marked departure from 2010 when the two were tried at 53%. A YouGov poll from earlier this year showed that unlike older generations, which still preferred capitalist candidates, 70% of millennials and 64% of gen-Zers would vote for a socialist.

The question is why socialism now? At a time when the American economy under Trump seems to be chugging along at a nice clip, why are so many hankering for an alternative? I would suggest four factors contributing to the situation.

Factor #1: Ignorance of History

The first cause of socialism’s popularity, especially among the young, is an obvious one: having grown up at a time after the end of the Cold War, the collapse of Europe’s Eastern Bloc and China’s transition to authoritarian capitalism, “these kids today” — those 18 to 29 year-olds who were born around the last decade of the 20th century — don’t know what socialism is all about. When they think socialism, they don’t think Stalin; they think Scandinavia.

Americans’ — and especially young Americans’ — ignorance of history is well-documented and profound…

Factor #2: Government Bungling

When we try to explain the socialist urge, we cannot lose sight of the fact that our government keeps interfering in the economy in ways that give people every reason to think the system is corrupt and needs to be trashed.

Take the skyrocketing cost of college, for instance. On the surface, this looks like greedy capitalist universities just keep on raising tuition, and since most college kids and their parents can’t pay the sticker price, almost 70% take out loans , saddling young people trying to start their careers with a mountain of debt (almost $30,000 on average). This results in all those socialist promises of free college or loan forgiveness sounding dandy. Underneath the surface, however, a huge part of the problem is federal grants and subsidized loans. If the government stopped footing a large part of their bill, more students and parents would be forced to pony up, which would mean, in turn, that colleges would not be able to keep hiking their prices without seeing a precipitous drop in enrollment. They would, instead, be forced to price themselves at some level that applicants could realistically pay, making college more affordable for a large segment of the American middle class…

Factor #3: Universities’ Ideological Monoculture

The supporters of socialism are not simply the young, but rather, disproportionately those among the young who are college-educated. And the more college they have, the hotter for socialism they get. According to a 2015 poll , support for socialism grows from 48% among those with a high school diploma or less to 62% among college graduates to 78% among those with post-graduate degrees. Those on the left probably stop thinking hard about now and jump immediately to the conclusion that support for socialism is just a natural outgrowth of big brains and elite educations. But there is, in fact, a less obvious but ultimately far more compelling explanation that also manages to account for the general fact that more education correlates with more leftism: something — something bad — is happening at universities themselves to pull students toward the (far) left.

We have already seen above that what’s not happening at universities, even elite universities, today is a whole lot of education in important subjects like history. What we are getting instead is a lot of groupthink and indoctrination…

Factor #4: Coddled Kids

The young have always been more inclined to embrace pipe dreams — a lack of familiarity with the complicated way in which the world actually works, coupled with the college fix described above, will do that to most anyone — but there is a reason the mindset of today’s young’uns is particularly susceptible to the red menace. In last year’s The Coddling of the American Mind, the prominent social psychologist Jonathan Haidt and FIRE’s Greg Lukianoff describe the species of overprotective parenting and instilling of baseless and uncritical self-esteem by parents and educators alike that came to prevail as kids were growing up in the 90s and 00s. When we are raised in the belief we are wonderful just as we are, we never learn the critical life skills of self-soothing, working through anxiety, facing obstacles and overcoming adversity. The predictable result, as Haidt and Lukianoff observe, is a demand to be safeguarded — safe spaces, free speech crackdowns and so on. The state appears to many as the appropriate institution to provide this sort of “safety.”

If these four are the primary causes of socialism’s rapid surge in our midst, then the next logical question is what to do about it. There is no easy answer, of course, but I would suggest that the radicalization of academia is the lynchpin issue. If we could succeed in reversing that tsunami, many dominoes would fall…

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Snowflakes Demand University President's Resignation After ...

 

 

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Socialist motivation defined by Henry Hazlitt via Marx.

Posted by M. C. on October 26, 2019

Henry Hazlitt Quotes. QuotesGram

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The Demise of the West? – LewRockwell

Posted by M. C. on August 22, 2019

Mr. Rockwell’s article makes some good points which is why I re-posted. The remainder of the article is a request to help fund his new book.

I encourage you to lick the link to investigate.

https://www.lewrockwell.com/2019/08/lew-rockwell/the-demise-of-the-west/

By

The Left is the most dangerous ideological phenomenon in the history of mankind. It glorifies poverty, the total state, and mass death. The Left wants to destroy Western civilization, based on Christianity, the traditional family, and the free market.

It’s no coincidence that Communists killed more than 100 million people, not including their wars.

By the way, young people are not taught about the evils of the Left, only its myths. They do not believe there were gigantic atrocities in the Lenin-Stalin Soviet Union, nor Mao’s China. Socialism is good! Everyone is better off under socialism. Everyone is Equal.

Equality is the magic word. Since it does not and cannot exist, it is is a license for total state power. After all, some people are smart, some stupid. Some good looking, some ugly. Some creative, some dull. Some hard working, some lazy. Some athletic, some couch potatoes.

According to the Left, private property and the free market are evil, not the sources of prosperity and civilization itself. The family is the ultimate evil, since is the ultimate source of inequality. That’s why Karl Marx called for its abolition.

The key fact about the human race is our radical inequality, said Mises. Without it, there could be no division of labor, no social cooperation, no market. There could be no liberty, because liberty depends on the ability of people to exercise without hindrance their unequal talents.

It’s more than ironic that Leftists call us fascists and Nazis, since fascism had its origins in communism and socialism, and Nazism was National Socialism. Both Mussolini and Hitler denounced the free market and all it stands for. But then, Leftists never tell the truth.

Where did this poison originate? Not so much in the ancient world, though it had its advocates there too. One Greek myth talked about the ruler Procrustes, who would force visitors to sleep in his iron bedstead. If you were too tall, he’d have your feet chopped off. If too short, he’d have you stretched on the rack. It’s still a good summary of egalitarianism.

The birth of modern Leftism was the French Revolution, with its wars, conscription, egalitarianism, mass deaths, and total state. Defeated, it rose again in Communist Marxism, the Russian Revolution, and all its despicable offspring.

Yet Marx’s idea of a proletarian revolution proved ridiculous and impossible. The attempt to put this idea into practice in Soviet Russia led to terror and mass murder that staggered the world. Far more effective was Cultural Marxism, originated by mostly German Communists in the 1930s, who moved like a plague to the United States in the 1940s. Putting aside direct efforts to revolutionize the means of production, they focused on destroying bourgeois culture—the family and Christianity especially—as the path to power…

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Germany 1880 1945: Art Posters of the Third Reich

 

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The inconvenient truth about the El Paso shooter | Spectator USA

Posted by M. C. on August 10, 2019

The words appeared in his testament, entitled (in homage to Al Gore?) The Inconvenient Truth

In his manifesto, he is against ethnic mingling and mass immigration, but his view that immigrants should be killed is based not on racial superiority theory, but on his sense that too many people pollute the environment of America.

https://spectator.us/inconvenient-truth-el-paso-shooter/

Who wrote ‘Our lifestyle is destroying the environment of our country … creating a massive burden for future generations. Corporations are heading the destruction of our environment by shamelessly over-harvesting resources … the next logical step is to decrease the number of people in America using resources. If we can get rid of enough people, then our way of life can become more sustainable’?

The answer, if media reports are accurate, is Patrick Crusius, the man accused of the El Paso massacre. The words appeared in his testament, entitled (in homage to Al Gore?) The Inconvenient Truth, which he seems to have put online before decreasing the number of people in America by 22.

Who said, on Twitter, ‘I want socialism, and I’ll not wait for the idiots to finally come round to understanding’? Connor Betts, the man accused of shooting nine people, including his sister, in Dayton, Ohio.

This week’s reporting of the two atrocities has painted Crusius as a white supremacist. This does not seem to be accurate. In his manifesto, he is against ethnic mingling and mass immigration, but his view that immigrants should be killed is based not on racial superiority theory, but on his sense that too many people pollute the environment of America. He despairs of persuading his fellow Americans to change their consumerist lifestyles, so he decides to attack the ‘invaders’ instead.

As for Betts, the self-styled ‘leftist’, coverage has tended to slide past his political views. It is seriously bad that both cases have been so partially reported. If we are to work out the motivations of unhappy/trigger-happy young men such as these, shouldn’t we carefully expose all the preposterous justifications they make for their evil acts? Some of them — mostly to do with race — come from the right. Some — mostly to do with saving the planet from human beings — come from the left. Betts sounds like a potential Bernie Sanders recruit. Crusius seems closer to Extinction Rebellion than to Donald Trump.

This article was originally published in The Spectator magazine.

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The Hoax Of Climate Change | Shift Frequency

 

 

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Love and Socialism | Left Voice

Posted by M. C. on July 30, 2019

The Socialist end game, the collective is the family. In other words-“It takes A Village”.

The end of the family as a social and economic unit will form the basis of free love, where people will be able to enter and exit relationships at their will and without fear of economic consequences. It will form the basis of equality between men and women, and remove the structural imperative of gender roles.

http://www.leftvoice.org/Love-and-Socialism

…Love in Capitalism

As most people can tell you, capitalism is all about competition and individualism. While that is true, it’s only part of the story. It’s not only the individual that one is meant to care about — it’s the individual family unit. As opposed to towns or tribes, the central building block of capitalist society is the nuclear family. Ripped away from any sort of collective consciousness, capitalism dictates that we care about our spouse and our children more than other people in our community and significantly more than other people in the world.

If the nuclear family is integral to maintaining a system of exploitation and private property, love in capitalism is a ruse for the economic functions of family units. Kollontai says, “Aware that the stability of the family — the economic unit on which the bourgeois system rests — required that its members be linked by more than economic ties alone, the revolutionary ideologies of the rising bourgeoisie propagated the new moral ideal of love that embraced both the flesh and the soul.” In other words, modern love as connected to marriage was invented by capitalism….

To the Bolsheviks, free love and women’s liberation was a central component of a socialist revolution. They wrote and debated extensively on the topic, as well as bringing about the most advanced women’s rights legislation that the world had ever seen. The Bolsheviks legalized abortion and divorce, and decriminalized homosexuality, and the state began to take up women’s unpaid labor through public cafeterias and childcare centers.

These were only the first steps towards the Bolshevik idea of the end of the family, which was deemed both capitalist and patriarchal. It was only the first steps towards the abolition of compulsory domestic labor, socializing reproductive work and including it in the planned economy. Trotsky writes, “The revolution made a heroic effort to destroy the so-called ‘family hearth’ – that archaic, stuffy and stagnant institution in which the woman of the toiling classes performs galley labor from childhood to death. The place of the family as a shut-in petty enterprise was to be occupied, according to the plans, by a finished system of social care and accommodation: maternity houses, creches, kindergartens, schools, social dining rooms, social laundries, first-aid stations, hospitals, sanatoria, athletic organizations, moving-picture theaters, etc. The complete absorption of the housekeeping functions of the family by institutions of the socialist society, uniting all generations in solidarity and mutual aid, was to bring to woman, and thereby to the loving couple, a real liberation from the thousand-year-old fetters” (Trotsky, Revolution Betrayed).

Love-comradeship: Love in Socialism

“Modern love always sins because it absorbs the thoughts and feelings of ‘loving hearts’ and isolates the loving pair from the collective...

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FALSE: Hillary Clinton Said the Role of the State Is to ...

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Republicans Love Socialism Too – The Future of Freedom Foundation

Posted by M. C. on June 27, 2019

https://www.fff.org/2019/06/25/republicans-love-socialism-too/

by

Today’s New York Times is carrying a video op-ed entitled “I’m Republican. I Never Thought I’d Fight for Medicaid.” The op-ed calls for an expansion of Medicaid in North Carolina and other states to cover people who are uninsured and do not qualify for Medicaid because they make too much money.

First things first. While Republicans have traditionally despised welfare programs for the poor, such as food stamps, they are among the fiercest proponents of socialist programs for the middle class and wealthy.

Examples of the Republican embrace of socialism abound: Social Security, Medicare, public (i.e., government) schooling, school vouchers, education grants, state support for colleges and universities, foreign aid to dictators, farm subsidies, corporate grants, and many others.

Every one of those programs is based on using the coercive apparatus of the state to tax one group of people in order to give it to another group of people. In his great little book The Law, the French free-market legislator Frederic Bastiat called that type of system “legal plunder.”

Thus, while it might be shocking for a Republican to find himself supporting a welfare program for poor people, he is being disingenuous if he suggests that he opposes socialism in general. While he might disagree with Democrat Bernie Sanders in degree, he shares a deep commitment to socialism in principle with that self-labeled socialist.

Americans once had the finest healthcare system in the world — a free-market healthcare system. It was so reasonably priced that hardly anyone had medical insurance, with the possible exception of catastrophic insurance. It was a system in which people in all income categories were being treated. Doctors, who at that time loved their profession, would voluntarily provide free healthcare services to poor people simple out of sense of moral obligation.

The enactment of Medicare and Medicaid succeeded in destroying that healthcare system. That’s when healthcare costs began soaring, launching an ever-increasing set of healthcare crises, followed by healthcare reform after healthcare reform. Meanwhile, doctors began hating what they do in life and began checking out with early retirement.

Of course, no reform has ever worked to resolve the healthcare crises. There is a simple reason for that: Socialism cannot be made to work, even when it’s not referred to as socialism and even when it’s run by American bureaucrats…

There is only one way to get America back on the track toward the finest healthcare system in history: the repeal (not the reform) of Medicare and Medicaid and the total separation of healthcare and the state. There is no other way. Socialism cannot be made to work, not with Medicaid expansion, not with Medicare for all, and not with a full socialist government takeover of healthcare.

Finally, and most important, there is no way to reconcile a system of mandatory charity, which is what Medicare and Medicaid are based on, with the principles of a genuinely free society. Thus, Americans have to make a choice: Do you want freedom or do you want the “security” that supposedly comes with Medicare, Medicaid, and other socialist programs? You can’t have both because freedom and mandatory charity are opposites. The choice must be made: Freedom or “security”?

I say: Let’s go with freedom. Let’s repeal, not reform, Medicare and Medicaid. Let’s cast America’s horrific experiment with healthcare socialism into the dustbin of history and restore a free-market healthcare system to our land.

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The Death of Socialism – LewRockwell

Posted by M. C. on May 3, 2019

https://www.lewrockwell.com/2019/05/martin-armstrong/the-death-of-socialism/

By

Armstrong Economics

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have been constantly revised. They always point to the rich and how they will make them pay. Everything who thinks they cannot possibly be the rich cheer, but at the end of the day, their taxes never decline and the promised-land seems further and further away…

Socialism is dying and in the process this will only inspire violence. People believed in this system. They really believed those in power had their best interests at heart. Unfortunately, we are moving into this darkness where more and more people are beginning to realize that government is the number one problem – not Global Warming.

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5f4ca-Cortez12

 

 

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Millennials for Socialism – LewRockwell

Posted by M. C. on April 10, 2019

https://www.lewrockwell.com/2019/04/walter-e-williams/millennials-for-socialism/

By

If one needed evidence of the gross ignorance of millennials, and their teachers and college professors, it’s their solid support for socialism and socialist presidential candidate Sen. Bernie Sanders. Socialism has produced tragedy wherever it has been implemented. Last year marked the 40th anniversary of nearly 1,000 Americans perishing in a mass suicide/murder in the jungles of Guyana. Just as Sanders and Rep. Alexandria Ocasio-Cortez see socialism as mankind’s salvation, so, too, did Rev. Jim Jones, who told his followers, “God is Socialism, and I am Principle Socialism, and that’s what makes me God.”

Perhaps the most disastrous failing of our educational system and the news media is that people are neither required nor encouraged to test ideas against facts. The promises of socialism sound wonderful and caring, but in reality, wherever it has been tried it has been a true disaster. Let’s examine the history of socialism.

During the first three decades of the 20th century, Argentina was one of the world’s top-10 richest nations. It was ahead of Canada and Australia in total and per capita income. After Juan Peron’s ideas, captured in his economic creed that he called “national socialism,” became a part of Argentina’s life, the country fell into economic chaos. Today, it has fallen to 25th in terms of GDP.

Nicolas Maduro, an avowed socialist, has turned oil-rich Venezuela into a place where there are shortages of everything from toilet paper to beer, where electricity keeps shutting down, and where there are long lines of people hoping to get food. Some people are eating their pets and feeding their children from garbage bins. Socialism has crippled Venezuela’s once-thriving economy. Today, Venezuela is among the world’s most tragically poor countries.

Socialism can be tested by doing a few side-by-side country comparisons…

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Sean Penn

The Dumb and Dumber of economics

 

 

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