There is one choice, 1 vote for Auxiliar's debate

Socialism

I remember when Hannity asked this professor his views as to why there has never been a functioning society along the lines of socialism. After thinking it over a bit, I've come up with this: Socialism has failed just as Capitalism failed.

Capitalism, in its pure form, does not persist in the world. If it did, as the Peruvian economist Hernando de Soto understands, there would be far more employment and especially in third world countries. Instead, America and Europe engage in subsidary policies that wipe out the competition. Genetically modified food as well as irradiated food will only further widen this gap. Corporate welfare is the worst form of this pseudo-capitalism. It is, as a French economist put it, privatizing gains and socializing losses.

This is intolerable, even to Papa Doc Ludwig von Mises, who understood that monopoly is even worse than socialism. Here in neoliberal policy, the worst of both comes out, which is to say that the least beneficial to either the capitalists or the socialists comes about. Such things crystallized at a recent WTO protest, not against capitalism, but rather in a support of a real, true capitalism that thrives off of competition and not on the many (but not all) Multi-National Corporations.

Tell me, whaddaya think?


  • Another word

    Actual what you seem to be calling corporate welfare is more akin to fascism

    Voted for by Dwn.
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