Socialism vs. Capitalism – Affluent InvestorAffluent Investor
There are three great lies circulating. They are: Capitalism is EVIL. Government owes you something. America is rich and always will be.If you believe these three, then socialism looks pretty appealing. The problem is that all three are lies and socialism doesn’t work. Other than that, I like the idea.Let’s start with Capitalism is EVIL. In reality, it is very moral if implemented properly. The problem is government involvement that creates cronyism (not capitalism). The government interferes with a free market and hands out favors based on political contributions or some other form of bribery. The government should make certain the playing field is level, but not try to pick winners and losers. The proof that government causes cronyism can be seen in any communist or socialist state. They all have cronyism. It comes from big government.While there is a great deal that can be said on this topic, just consider the Golden Rule. If you are unfair in your business dealings (and don’t have the force of government behind you), people will go elsewhere. A successful economy is based on free and fair exchange.
Source: Socialism vs. Capitalism – Affluent InvestorAffluent Investor
