This article is from 2.5 years ago, but is even more relevant today. Why Socialism Always Fails:
1. Socialism is the Big Lie of the twentieth century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery.
In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism may show early signs of success. But any accomplishments quickly fade as the fundamental deficiencies of central planning emerge. It is the initial illusion of success that gives government intervention its pernicious, seductive appeal. In the long run, socialism has always proven to be a formula for tyranny and misery.
A pyramid scheme is ultimately unsustainable because it is based on faulty principles. Likewise, collectivism is unsustainable in the long run because it is a flawed theory. Socialism does not work because it is not consistent with fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.
In a capitalist economy, incentives are of the utmost importance. Market prices, the profit-and-loss system of accounting, and private property rights provide an efficient, interrelated system of incentives to guide and direct economic behavior. Capitalism is based on the theory that incentives matter!
Under socialism, incentives either play a minimal role or are ignored totally. A centrally planned economy without market prices or profits, where property is owned by the state, is a system without an effective incentive mechanism to direct economic activity. By failing to emphasize incentives, socialism is a theory inconsistent with human nature and is therefore doomed to fail. Socialism is based on the theory that incentives don’t matter!
2. The strength of capitalism can be attributed to an incentive structure based upon the three Ps: (1) prices determined by market forces, (2) a profit-and-loss system of accounting and (3) private property rights. The failure of socialism can be traced to its neglect of these three incentive-enhancing components.
3. By their failure to foster, promote, and nurture the potential of their people through incentive-enhancing institutions, centrally planned economies deprive the human spirit of full development. Socialism fails because it kills and destroys the human spirit–just ask the people leaving Cuba in homemade rafts and boats [and those waiting in long lines today in Venezuela struggling, and often failing, to buy food].
4. The temptress of socialism is constantly luring us with the offer: “give up a little of your freedom and I will give you a little more security.” As the experience of this century has demonstrated, the bargain is tempting but never pays off. We end up losing both our freedom and our security.
Socialism will remain a constant temptation. We must be vigilant in our fight against socialism not only around the globe but also here in the United States.
The failure of socialism inspired a worldwide renaissance of freedom and liberty. For the first time in the history of the world, the day is coming very soon when a majority of the people in the world will live in free societies or societies rapidly moving toward freedom.
Capitalism will play a major role in the global revival of liberty and prosperity because it nurtures the human spirit, inspires human creativity, and promotes the spirit of enterprise. By providing a powerful system of incentives that promote thrift, hard work, and efficiency, capitalism creates wealth.
Like I said before, Google pretends to be a principled company. But they only principles they have is to their revenue stream.
And the results never made the light of day.
Between October 1, 2017–March 31, 2018 something very interesting was happening.
The IG was AUDITING THE TREASURY!
This was a SEMI ANNUAL audit. There’s another one going on right now.
In the first audit, the work by the Office of Investigations resulted in 33 arrests, 35 indictments, and 21 convictions. What else was in the Report the IG handed to Congress?
This article is a series compiled by Lisa Evans Rockwell into the OIG Audits into a large variety of departments. Each is broken down by individual audits and highlights of findings are provided. Each comprehensive audit is included in link at end of each section.
Check it out!
HT: David G.
During this #MeToo movement, you need no proof of your allegations, only a rumor.
Democrats tried to use Anita Hill to derail Clarence Thomas.
They did use it successfully against Roy Moore.
And now they are trying the same against Kavanaugh.
Notice the total lake of proof or collaborating stories. In fact, 65 women defend Kavanaugh as a ‘good person’ after abuse allegation emerges.
Shireen Qudosi lists 8 significant lessons that the US did not learn from 9/11.
And the media is silent about it. First, it doesn’t fit their narrative. Second, political correctness prevents them from reporting about it.
Via Clarion Project
Follow the money.
Via Clarion Project
Progressives seek the cause. Conservatives see the effect.
Here’s Anderson Cooper standing waist deep in floodwaters during Katrina.
Oh, wait. He’s actually standing in a ditch to make it appear the water is that deep everywhere.
Yet another reason I don’t trust the MSM.
Where can you go?
This op-ed by Jack VanNoord that appeared in the Chicago Tribune last week “My nephew tried to school me on cultural appropriation. It didn’t end well,” here’s the opening:
2. Average and Median Income per Household Member. The chart above displays average and median household income adjusted for household size. Both the average and median income per person in the US reached all-time highs in 2017 of nearly $34,000 (in 2017 dollars) for average income per person, and $24,160 for median income per household member last year. Compared to 1975, the average household income per US household member has increased by 74% from $19,500 to $34,000, while the median household income per person has increased by 45% from $16,600 to $24,160. Without adjusting for household size, average household income increased by only 50% since 1975 (vs. 74% adjusted for average household size) and median income increased only 25% (vs. 45%), demonstrating the importance of adjusting for changes in household size when comparing median household incomes over time.
From Thomas Sowell:
Many colleges claim that they develop “leaders.” All too often, that means turning out graduates who cannot feel fulfilled unless they are telling other people what to do. There are already too many people like that, and they are a menace to everyone else’s freedom.
I just attended an economic conference where many corporate HR directors were saying that universities are turning out sub-standard products (employees), and that firms are looking elsewhere for their new hires.
It used to be that getting a degree prepared you for the workforce. Then it was getting a degree demonstrated to an employer that you had what it takes to stick with a job (after all, you stuck thru 4-6 years of college). Now employers are saying “why bother with a higher education degree at all.” From the Washington Examiner:
Big companies like Google, Apple, and IBM are no longer requiring applicants to hold a college degree. This is a significant change. Historically, employers have required a college degree whether or not it was necessary to do the job. IBM is now looking at candidates with experience in non-traditional education, such as coding boot camps or industry-related vocational classes.
Glassdoor compiled an August list of 15 big companies that no longer require a degree to apply: Google, Ernst & Young, Penguin Random House, Costco Wholesale, Whole Foods, Hilton, Publix, Apple, Starbucks, Nordstrom, Home Depot, IBM, Bank of America, Chipotle, and Lowe’s.