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Wednesday, May 30, 2018

Williams: Capitalism vs. Socialism

Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.

Free market capitalism, wherein there is peaceful voluntary exchange, is morally superior to any other economic system. Why? Let's start with my initial premise. All of us own ourselves. I am my private property, and you are yours. Murder, rape, theft and the initiation of violence are immoral because they violate self-ownership. Similarly, the forcible use of one person to serve the purposes of another person, for any reason, is immoral because it violates self-ownership.

Tragically, two-thirds to three-quarters of the federal budget can be described as Congress taking the rightful earnings of one American to give to another American — using one American to serve another.

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8 comments:

  1. Have them take a field trip to Venezuela.

    ReplyDelete
    Replies
    1. Wow haven't heard that before

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    2. Maybe they could go to Denmark instead?

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  2. Social Security was originally designed as an investment with guaranteed returns, but GREED has destroyed it!

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  3. Obama Crooked BastardoMay 30, 2018 at 6:02 PM

    Mandatory Sumner camp in North Korea for any Socialism loving Snow-flake. Introduce them to hard labor and equal pay. No free movement and No Internet connection and see how they like it. I bet they would be calling for Mommy the very first night there.

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  4. There are no free markets.
    All of them are completely rigged and controlled by Central Bankers.

    Comex, Forex, LIBOR, all of it.

    Wake up

    ReplyDelete
  5. Move to those socialist countries if you hate America so much,im sure the founding fathers would agree.

    ReplyDelete

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