You're actually saying what should have been said FOREVER ago!
Socialism is the gift that keeps on giving -- to bad people. It's a completely failed idea, that, for some reason, is believed to work, when correctly applied. It's just that the wrong people have tried it…
Socialism requires centralized controls in order to function. Fredrick Hayek very eloquently explains why it always fails.
Those positions of power will always attract the worst kind of people. Nobody is selfless, and socialism could only ever work if the central controllers actually wanted to make things better for everyone. As history has shown, that's never the case.
When it is not under control, capitalism can easily lead to imperialism or all sorts of criminal acts. The desire to always increase profits make some people commit crimes. For instance, the Banana wars in South America caused by big American corporations.
However, that does not mean that capitalism = imperialism. Our past leaders didn’t reflect enough to realize that one can be capitalist without resorting to criminal acts.
Yes, that's why I often prefer the term "entrepreneurial capitalism." Because capitalism certainly isn't immune to pitfalls (e.g., crony capitalism), but that doesn't mean that all forms of capitalism are bad. As you said, "One can be capitalist without resorting to criminal acts."
You're actually saying what should have been said FOREVER ago!
Socialism is the gift that keeps on giving -- to bad people. It's a completely failed idea, that, for some reason, is believed to work, when correctly applied. It's just that the wrong people have tried it…
Socialism requires centralized controls in order to function. Fredrick Hayek very eloquently explains why it always fails.
Those positions of power will always attract the worst kind of people. Nobody is selfless, and socialism could only ever work if the central controllers actually wanted to make things better for everyone. As history has shown, that's never the case.
https://ogre.substack.com/p/free-readers-digest-copy-of-the-road
Well said! 🙏🏾❤️🙏🏾
When it is not under control, capitalism can easily lead to imperialism or all sorts of criminal acts. The desire to always increase profits make some people commit crimes. For instance, the Banana wars in South America caused by big American corporations.
However, that does not mean that capitalism = imperialism. Our past leaders didn’t reflect enough to realize that one can be capitalist without resorting to criminal acts.
Yes, that's why I often prefer the term "entrepreneurial capitalism." Because capitalism certainly isn't immune to pitfalls (e.g., crony capitalism), but that doesn't mean that all forms of capitalism are bad. As you said, "One can be capitalist without resorting to criminal acts."