Part2. Socialism – (used to be Democratic) Socialistic Party of America
Let me start with defining Capitalism and Socialism. Many young people don’t have any idea what Socialism means. For more details read the reference.
https://www.britannica.com/topic/socialism
In short, in Capitalism, the property is private (factories, companies, industries). These businesses belong to one or more people, typically a family who created the company. With In socialism, the property is public. There are variations of how public, for example, some percentages of companies are public, but effectively companies are controlled by the state.
When Bernie Sanders speaks about “Democratic Socialism,” many young people do not understand that it really means a revolution and would essentially put the state in control of companies in one way or another.
Capitalism is not perfect but the question is:
WHY WILL CAPITALISM ALWAYS BEAT SOCIALISM ECONOMICALLY? It has everything to do with competition. This is the main reason (read Austrian economist Friedrich Hayek).
Bonus for those who is not intellectually lazy:
https://www.britannica.com/biography/F-A-Hayek/The-critique-of-socialism-and-the-defense-of-classical-liberal-institutions
Imagine people who care about their business, day and night; they know everything about their business, they think about the next step, they take the risks… why? because it is theirs. You may think it is money-driven, they are jealous and do not care about their workers. In reality, it is quite the opposite. Yes, they are money-driven, but they are also driven by ideas, ambition, by a sense of achievement; they are typically extraordinarily bright and care a lot about their employees because their employees are their biggest asset. You have witnessed this firsthand with iconic companies and the people who created them – Bill Gates, Steve Jobs, Mark
Zuckerberg, Elon Musk, etc.
Young companies are led by ambition and a will to succeed, but as companies become big, the original owners or their families lose control and that is where things become a little less rosy.
Still, more than 50% of US industries, and more than 60% of US workers work for small businesses. Now, take a minute and imagine a socialistic society. State officials will now make decisions. Do you think they will lose sleep at night on how to move a company forward? On how to innovate? Do they want to take risks? Their main worry is their status and position. Risk is dangerous and could potentially have bad consequences for them.
The status quo becomes good enough. There is no competition. This is exactly why socialism always fails.
There is no successful socialist country. They all fail. For example, Venezuela, once a prosperous country, became one of the worst places on earth. It may be less known, but this is what was happening to the UK when socialists were leading it, until Margaret Thatcher reversed the socialistic trend. China opted for a Capitalist economy and moved hundreds of millions of people from poverty. However, their political system will still cause a major cataclysm when the economy conflicts with state control.
SO IT COMES DOWN TO WHEN THE ECONOMY WORKS AND WHEN IT DOES NOT. WITH SOCIALISM, IT SIMPLY DOES NOT! WITH CAPITALISM, YOU MAY THINK IT IS UGLY, BUT AT LEAST IT WORKS! THE PROPONENTS OF SOCIALISM WILL TELL YOU ABOUT EQUALITY, A BETTER HUMANITY, BUT THE UGLY TRUTH IS: IT DOES NOT WORK!
Also, Capitalism = Freedom, Socialism = eventual loss of freedom. You may say: “democratic” socialism but when the economy collapses, democracy goes out of the window. People will look for someone who can “fix it”, and most typically that is how control is overtaken by dictators and an autocratic party. Again look at Venezuela. Bonus for who is not intellectually lazy:
It doesn’t mean capitalism doesn’t have bad sides. The state should watch for monopolies, for safety, etc. Capitalism should be regulated, but not overregulated. The overregulation makes it too difficult for companies to operate and innovate. Where is the balance? This is a really difficult question.
What we are observing now: The Democratic party becomes Socialist. With increasing speed. Left and further left. This is no longer the party of Kennedy or Roosevelt. By today’s standards, they would be conservative republicans. This party fully endorses “Democratic Socialist” Bernie and his socialist ideology and his illiterate followers like AOC. They now control the Democratic party. Don’t be like them, LEARN!
So now coming back to Trump. TRUMP IS AGAINST SOCIALISM. PLAIN AND SIMPLE. DEMOCRATS CANNOT SAY THIS. THEY NOW FOLLOW IT. DO YOU WANT the USA TO FOLLOW VENEZUELA’S PATH? WAKE UP. EVEN
IF YOU CONSIDER YOURSELF A DEMOCRAT. IT WILL BE AWFUL! YES WITH SOCIALISM, THERE ARE NO RICH PEOPLE.. UNLESS OF COURSE, YOU BELONG TO THE POLITICAL ELITE. THERE IS NO TRUE MIDDLE CLASS, –
EVERYONE IS EQUAL, WHICH IS EQUALLY POOR. EVERYTHING IS DIFFICULT. FOOD, FINDING A PLACE TO LIVE, AND GOD FORBID, YOU REALLY NEED HEALTHCARE…