Some things to ponder.

Posted by Thraxxus on Sep 19th, 2008 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

Here are some quotes on Socialism.

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” – Winston Churchhill.

“Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” – Alexis de Tocqueville

“The assumption that spending more of the taxpayer’s money will make things better has survived all kinds of evidence that it has made things worse.” – Thomas Sowell

““All socialism involves slavery” – Herbert Spencer

And now for Capitalism
“In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.” – Fran Lebowitz

“Capitalism without bankruptcy is like Christianity without hell.” – Frank Borman

“Capitalism has destroyed our belief in any effective power but that of self interest backed by force.” – George Bernard Shaw

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” – John Maynard Keynes

So why do I bring these up? The United States of America, a Federal Republic – not a Democracy (most people don’t get that), is a country that toutes itself to be a Capitalistic society. In fact much of the Cold War rhetoric was based on how the USa is capitalist and the Soviets are Socialist, or Communist – really depended on who was talking.

So what is Capitalism then?
Two definitions by dictionary.com
1) an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

2) An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

Note that both indicate that the PRIVATE sector handles their own investments, their own growth, their own development, and thus their owns losses. The moment that government steps in you no longer have capitalism. Folks, the sad truth is this: For Capitalism to truly work you must allow those who would fall, to fall. Using the resources of the people that those companies made their money off of to prop them up is Socialism, period.

ADDITION:

Apparently the top of this article was vague and off topic, or rather, I didn’t really say the topic. GlazedNConfused made fun of my mother for a while and then pointed out that he didn’t understand the point of it. So without further ado – The Point:

OUR GOVERNMENT IS SPENDING YOUR TAX DOLLARS TO BAIL OUT COMPANIES THAT SHOULD FAIL AS A RESULT OF BEING BOTH PART OF A CAPITALISTIC SOCIETY AND SUCKING AT WHAT THEY DID! THE ACT OF DOING SO IS SOCIALISM.

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