Socialism offers no lessons to aid the U.S. economy

The Island Now

Another week and another post from Bing Tang, yet again banging the drum for Socialism.

Hey, what else is new? At its core, it is nothing but a misapplied Christian ideal which exalts the collective at the expense of the individual; its terminal flaw. 

 While we may be equal before the law, the Almighty has imbued each of us with a unique set of traits, among them; attitude, behavior, knowledge and skill; which differentiates and defines us as individuals. Because socialism is at war with this reality, it has never worked and never will. Ever.

In his seminal Encyclical, ‘Rerum Novarum’, defining the relationship and mutual obligations between capital and labor; Leo XIII, rejected predatory capitalism and collectivist socialism while affirming the right to hold private property and form unions.

Nevertheless, the Judeo-Christian ethic and the religious impulse, strong in both Europe and Latin America, plays a large role in public acceptance of this pernicious economic ideology, despite socialism’s dismal record of failure and incompetence.

 The nations of Africa are mute testament to that stone cold reality. Add to the list, post Czarist Russia, China in the last century, East Europe behind the Iron Curtain, Burma, Mexico and so on.  

Wherever socialism is the prevailing economic system, initiative is stifled, dependence is rewarded and impoverishment becomes the norm, notwithstanding Paul Samuelson’s absurd assertion about relative growth rates.

The case for socialism, is the triumph of fantasy hopes over the reality of experience.

 Tom Coffey

Herricks

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