Capitalism versus Socialism

Yesterdays Patriot Post posed several questions, and answers. Using the work of three of America’s brightest minds from past and present an assessment is made of the current status here in America. Draw your own conclusions.

“It is obvious what the fraudulent issue of fascism versus communism accomplishes: it sets up, as opposites, two variants of the same political system; it eliminates the possibility of considering capitalism; it switches the choice of ‘Freedom or dictatorship?’ into ‘Which kind of dictatorship?’ — thus establishing dictatorship as an inevitable fact and offering only a choice of rulers. The choice — according to the proponents of that fraud — is: a dictatorship of the rich (fascism) or a dictatorship of the poor (communism). That fraud collapsed in the 1940’s, in the aftermath of World War II. It is too obvious, too easily demonstrable that fascism and communism are not two opposites, but two rival gangs fighting over the same territory — that both are variants of statism, based on the collectivist principle that man is the rightless slave of the state — that both are socialistic, in theory, in practice, and in the explicit statements of their leaders — that under both systems, the poor are enslaved and the rich are expropriated in favor of a ruling clique — that fascism is not the product of the political ‘right,’ but of the ‘left’ — that the basic issue is not ‘rich versus poor,’ but man versus the state, or: individual rights versus totalitarian government — which means: capitalism versus socialism.” –philosopher and novelist Ayn Rand (1905-1982)

“Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many ‘czars’ appointed by the President, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent? Did you think that another ‘czar’ would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers — that is, to create a situation where some newspapers’ survival would depend on the government liking what they publish? Did you imagine that anyone would even be talking about having a panel of so-called ‘experts’ deciding who could and could not get life-saving medical treatments? Scary as that is from a medical standpoint, it is also chilling from the standpoint of freedom. If you have a mother who needs a heart operation or a child with some dire medical condition, how free would you feel to speak out against an administration that has the power to make life and death decisions about your loved ones? Does any of this sound like America? How about a federal agency giving school children material to enlist them on the side of the president? Merely being assigned to sing his praises in class is apparently not enough. How much of America would be left if the federal government continued on this path? … How far the President will go depends of course on how much resistance he meets. But the direction in which he is trying to go tells us more than all his rhetoric or media spin. Barack Obama has not only said that he is out to ‘change the United States of America,’ the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country. … Nothing so epitomizes President Obama’s own contempt for American values and traditions like trying to ram two bills through Congress in his first year — each bill more than a thousand pages long — too fast for either of them to be read, much less discussed. That he succeeded only the first time says that some people are starting to wake up. Whether enough people will wake up in time to keep America from being dismantled, piece by piece, is another question — and the biggest question for this generation.” –economist Thomas Sowell

“Ah! Re-regulation. What a great idea. As I recall, the Soviet Union and old Eastern Bloc tried heavy government control and regulation, and it didn’t work. The people rebelled. They wanted economic freedom, the right to keep their own money, the right to start their own businesses and the right to climb the ladder of success in a free economy. Now here’s a counter-thought. The Ronald Reagan free-market revolution, which included regulation lite, a sound dollar and low tax rates, launched a three-decade-long boom. And yes, the Gipper’s policies were copied around the world. … So why not try something different? Unfashionable as it may be today, why not go back to the supply-side model of lower marginal tax rates for individuals and businesses, large and small? … It’s the incentive model of economic growth. At lower tax rates, where folks keep more of what they earn and invest, greater after-tax rewards spur greater work effort and investment risk. They also boost asset values. This is exactly what the economy needs: a rejuvenated dose of incentives — permanent incentives. Think of this: At the same wage level from cost-conscious businesses, a 10 percent personal tax cut provides a handsome after-tax wage-increase incentive that will spur individuals to go back to work — simply because work will pay more after-tax. … That’s the message for economic freedom fighters everywhere: Unite, and throw off your chains. Especially here in America.” –economist Lawrence Kudlow

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