Peanut Gallery: Here’s a “primer” on Capitalism and Free Markets – why they work. Are there abuses, of course. But Government-controlled central planning is much worse. If absolute power corrupts absolutely (and it does), why would we think that government employees who can’t be fired would be any less corrupt than the rest of us. And what makes us think that politicians and government employees are smarter and wiser than the rest of us when it comes to telling us how to live our lives? It’s true – some people get screwed in a capitalist system. But in a socialist system, everybody gets screwed… except for the politicians.

 “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” — Winston Churchill

5 Reasons Socialism Is Inferior To Capitalism – John Hawkins – Townhall Conservative Columnists .

Saying that capitalism is better than socialism is like saying that winning a million dollars is better than being in a high impact car crash. In other words, if you have an open mind, a good grasp on human nature and economics, and a passing knowledge of world history, there’s absolutely no question that capitalism is superior to socialism.

Unfortunately, this lesson has been lost on a lot of people because our school systems have become so mediocre, there are no pure capitalist and socialist systems, and there are a lot of people who promote socialism for reasons that have nothing to do with economics. Is it surprising, for example, that politicians prefer an economic system that concentrates power in their hands as opposed to a system that makes them less relevant? Would anyone be shocked to find out that there are people who like the idea of making money based on whom they know and where they put their campaign contributions as opposed to slugging it out in the free market?

So with all that in mind, it is worth explaining, once again, why capitalism is absolutely, undeniably, unquestionably superior to socialism. Continue reading “5 Reasons Socialism Is Inferior To Capitalism – John Hawkins” →