.comment-link {margin-left:.6em;}
Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Monday, September 04, 2006

Capitalism: A higher standard of living

“Often, when people evaluate capitalism, they evaluate a system that exists on Earth. When they evaluate communism, they are talking about a non-existent Utopia. What exists on Earth, with all of its problems and shortcomings, is always going to fail miserably when compared to a Utopia. The very attempt to achieve the utopian goals of communism requires the ruthless suppression of the individual and an attack on any institution that might compromise the loyalty of the individual to the state. That’s why one of the first orders of business for communism, and those who support its ideas, is the attack on religion and the family. Rank nations according to whether they are closer to the capitalism end or the communism end of the economic spectrum. Then rank nations according to human rights protections. Finally, rank nations according to per capita income. Without question, citizens of those nations closer to capitalism enjoy a higher standard of living and a far greater measure of liberty than those in nations closer to communism.” —Walter Williams

1 Comments:

  • As always, Walter has it right. I have always understood the fatal flaw of socialism to be that it negates any individual incentive to excel. It focuses solely on sharing the pie in ‘equal’ slices and totally ignores the size of the pie. Equal misery for all.

    Recently, another fatal flaw occurred to me. By design, socialism concentrates power at the top. As a recent post in this blog quoting Alexander Hamilton points out, "A fondness for power is implanted, in most men, and it is natural to abuse it, when acquired." That is why every Communist regime is inevitably run by a brutal tyrant.

    For both of those reasons, the utopian appeal of Communism never materializes in practice.

    By Anonymous Anonymous, at 9:16 AM  

Post a Comment

<< Home