If only we could just skip the death and famine part of the communist plan.
But central planning always demands a “bad period” of deliberate mass death before it can claim any growth.
The Bolsheviks opened with war communism that starved millions and executed thousands more to seize power.
Stalin industrialized the body count through the Holodomor genocide that starved millions of Ukrainians and a gulag empire that devoured millions of others.
Mao’s Great Leap Forward remains the deadliest famine in recorded history after forced collectivization and backyard furnace insanity killed tens of millions.
Even after the slaughter the results never deliver. And market liberalization, even a little, always turns out to be the only way out of the communist death spiral.
Bastiat’s broken window fallacy shows why destruction does not create wealth. A boy breaks a shopkeeper’s window. People see the glazier get paid to repair it and assume the economy benefits.
They miss that the shopkeeper can no longer spend that money productively elsewhere. The repair only replaces what was lost, not create new value.
Which is why market economies that skipped the genocide phase left them in the dust on actual living standards.
South Korea versus North Korea. West Germany versus East Germany.
Reformed China still trails South Korea and Taiwan in per capita wealth and basic freedoms.
The joke is that Mainland China is still the poorest China.
The graves were not a cost of progress. They were proof the model was broken from the start.
Socialism was never a working-class movement.
It has always been a project of intellectuals: academics, writers, journalists, and professional theorists.
It appeals to those who prefer grand systems, simple moral narratives, and top-down control.
It flatters the belief that society should be redesigned by people who “know better,” giving intellectuals a starring role they don’t receive in a market economy.
In many ways, socialism is a luxury belief.
Genuinely, socialism is the best sounding system.
It makes perfect sense for a society to work together to elevate the living standards of everyone together.
It makes sense that if someone builds something of enormous value, we accept that it was inevitable that it would have been created at some point and that it was society as a whole that went into the discovery.
It seems fair that we would all accept that people have vastly different abilities that yield very different commercial value. How unfair that the person who is naturally good at negotiating a roll-up acquisition strategy is wildly more rewarded than the nurse who returns someone to health or who allows someone to die with dignity.
Honestly, I see it. I understand it.
The issue is that we are primates running on ancient software. We don’t do stuff for the collective good, we do stuff for our kids.
The person who strives for an A on the exam doesn’t study if the grades are equalised. The entrepreneur doesn’t start the company when half the rewards are redistributed to those who didn’t - even though they couldn’t.
We’re happy sharing to an extent but we’re not content to put it all in the pot. We’re happy to help those who clearly cannot survive on their own but we’re not happy supporting those who don’t want to work or who struggle to get motivated or focused.
Socialism is the smartest system but it doesn’t actually work and has never worked. Really smart people like socialism because they can see how much better society could be … if only it worked.
Even John Lennon kept the royalties to Imagine. His heirs will never need to work again from that one song alone. If he truly believed what he was saying, he would declare that it belongs to “all the people living for today”.
Capitalists accept human nature. We know there is a better way but we know it’s out of reach. We understand that if you can harness self interest in a pro-social way you will lift living standards enormously. The restaurant owner will feed the village not because it’s good for society but because it’s good for his kids… either way the village is fed. John Lennon will write uplifting songs … but only if he owns the rights.
The most important part about capitalism isn’t that it’s better - it’s not. It’s that it actually works in the real world.
@mcuban Please run for president, I said it a few years ago and you didn’t listen. You are the sweet spot, the Goldilock band we all need in this never ending crook government
As a general rule, anytime Barack Obama lectures the country or its people on their purported sins—with Khalil Gibran pop platitudes—he is seeking absolution for his own obsessions by projecting his own guilty desires onto others.
The latest? At the dedication of his narcissistic Obama Presidential Center in Chicago—a $850 million flak-tower, monolithic boondoggle mired in debt—Obama lectured us on the need to resist the allure off "money, attention, [and] fame."
Thus spoke the owner of four homes, three of them multimillion-dollar mansions, whose last inert year in office was spent closing book and Netflix deals that ensured he would become a multimillionaire the moment he left office, and on spec, jets private to sermonize to various audiences–often at $400,000 a shot—on their own false-consciousness shortcomings.
Plain-speaking, frugal Harry Truman in obscure retirement in Independence, Missouri Obama certainly is not.
I was for 3 months when I immigrated into Canada. I felt so embarrassed that even went against the social worker’s advice and took a job in construction for less of what I was getting for free. Live prove me right, Now I’m wealthier than a huge percent of Canadians and Americans. There are a lot like me though and I hope we are majority.
@sowelleconomics If Thomas Sowell was white he would have been categorized as more Nazi than Hitler himself. Thank God for this black man telling the truth about sociopolitical issues
María Gabriela Chávez has an estimated fortune of over $4 billion.
She hasn’t created anything, employed people, or pushed civilization forward in any way. Her daddy just stole Venezuela’s oil wealth.
You won’t see any outrage over her billions, because she’s a leftist billionaire.
There's a consistent tendency in our society today to downgrade the creators of wealth. What those critics apparently can't stomach is that wealth creators have a tendency to acquire wealth in the process of creating it for others.
@ClownWorld Nobody that lived in socialism wants socialism, we hate it. only the elite mafia that controls the absolute power and those who leach from it want it.
Elon n'a rien pris à personne. Chaque dollar de sa fortune correspond à de la valeur créée pour des millions de gens : des voitures qu'ils ont choisies, des fusées que la NASA n'arrivait plus à construire, un internet accessible depuis n'importe quel point du globe.
Le premier trillionnaire de l'histoire n'est pas un héritier, pas un banquier adossé à la planche à billets, pas un rentier de la régulation. C'est un ingénieur qui dort dans son usine.
Qu'un homme devienne trillionnaire en réduisant le coût d'accès à l'espace par 100, ce n'est pas une catastrophe pour l'humanité. C'est le signe que nous tendons enfin vers des systèmes qui fonctionnent : libre entreprise, marché, capitalisme.
La catastrophe, ce serait un monde où créer autant de valeur ne rapporte rien, et où la redistribution punit ceux qui construisent.
C'est la meilleure nouvelle que l'humanité ait eue depuis longtemps.
God Save Elon.
@NYCMayor Socialism made the first trillionaires in Rhodesia, which they renamed Zimbabwe and converted it into the paradise of warmth collectivism. This👇
@ewarren Unless he donates to the Democratic party, then all is forgiven and he is a humanity savior, that managed to make a huge portion of americans to drive Electric cars, and got internet to the most remote corners of the world!. No shame with these people.