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Capitalism Against Socialism

The inherent vice of capitalism is the unequal sharing of blessings; the inherent
virtue of socialism is the equal sharing of miseries." -- Winston Churchill
Unfortunately, this lesson has been lost on a lot of people, there are no pure
capitalist and socialist systems but there are a lot of people who promote
socialism for reasons that have nothing to do with economics.
Socialism rewards people for failure. Can't find a job? Great, here's your welfare
and your food stamps. You haven't worked in a year and a half? Fantastic, we'll
keep incentivizing you not to work by extending your unemployment insurance.
Are you a mediocrity who is so unskilled and unambitious that you'll stay at the
lowest paying job you can find long-term instead of learning from it and moving
on? No problem! We'll raise the minimum wage for you.
If you incentivize success like capitalism does, you get more growth, prosperity,
and success. If you incentivize failure like socialism does, you get more sloth,
poverty, and failure.
Capitalism works in concert with human nature while socialism works against it.
It is not from the benevolence of the butcher, the brewer, or the baker, that we
expect our dinner, but from their regard to their own interest.
As a general rule, people will work hard for themselves and their families, put
another way, the vast majority of human beings care far more about what
they're going to eat for lunch today than they do about whether someone
they've never met can pay his rent.
For socialists to gain authority, your decision making power has to shrink. The
more the socialists take, the less of their own money the people get to spend.
Capitalism reacts to the citizenry, while socialism tries to control the citizens.
Capitalism will give you what you want for the right price, while socialism will
give you what it thinks is best for you and tell you that you better like it!
The marketplace does a much better job of allocating resources than socialism's
central planning. Of course how can a bureaucrat and his team who have
perhaps no practical experience with business can do justice of distributing
millions of products to millions of customers. Thats why some people have to
wait more than six months for hip operations under socialized medicine in
Britain. It's also why people used to wait in long lines to buy poor quality toilet
paper and toothpaste in the Soviet Union. Conversely, under capitalism, the
market reacts almost like a living thing and allocates resources where people
want to spend their money.
Complain all you want about capitalism, but you won't be waiting for hours to get
toothpaste and toilet paper while you do it.