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Brilliant analysis and informative. Thank you for posting. It is also historical.
In brief.
What is Socialism?
Socialism is an economic system where the means of production, such as money and other forms of capital, are owned by the state or public. Under a socialist system, everyone works for wealth that is in turn distributed to everyone. Under capitalism, you work for your own wealth.
A socialist economic system operates on the premise that what is good for one is good for all. Everyone works for their own good and for the good of everyone else. The government decides how wealth is distributed among the people.
In a pure socialist economy, there is no free market like we see in a capitalist nation. The government provides for the people. The taxes are usually higher than in a capitalist system. There may be government-run health care and a complete system of government-operated education. It is a misconception that people do not pay for these services. They do pay for them through higher taxes. Socialist systems emphasize equal distribution of wealth among the people.
Excerpt from:
from Dr. Lee Edwards, Ph.D.
Re: From the Critical Critic:
Socialism has never worked anywhere.
The founding father of socialism is the messianic Karl Marx.
Socialism forbids the age-old right of private property
Socialism insists that human nature is malleable, not constant.
Socialism depends upon dictatorship to attain and remain in power
Socialism is responsible for the deaths of more than 100 million victims
Socialism is the antithesis of Capitalism
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What is Capitalism?
United States Capitalism is first inspired by God, the basic foundation of our Founders principles on the Declaration of Independence: Excerpt.
“We hold these t***hs to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, “
Our capital source is Liberty or Freedom from God in order to pursue our happiness, (achieve).
Capitalism is an economic system where the means of production are owned by private individuals, or corporations. "Means of production" refers to resources including money and other forms of capital. Under a capitalist economy, the economy runs through individuals who own and operate private companies. Decisions over the use of resources are made by the individual or individuals who own the company.
In a capitalist society, companies that incorporate are typically treated by the same laws as individuals. Corporations can sue and be sued. They can buy and sell property. They can perform many of the same actions as individuals.
Under capitalism, companies live by the profit motive. They exist to make money. All companies have owners and managers. Sometimes, especially in small businesses, the owners and managers are the same people. As the business gets larger, the owners may hire managers who may or may not have any ownership stake in the firm. In this case, the managers are called the owner's agents.
The job of the management is more complex than just making a profit. In a capitalist society, the goal of the corporation is maximizing shareholder wealth.
Under capitalism, it is the government's job by enforcing laws and regulations to make sure there is a level playing field for privately-run companies. The amount of governing laws and regulations in a particular industry generally depends on the potential for abuse in that industry.
The unlimited potential of men endowed by God unlimited wisdom to create, innovate, invent, produce, work, to the full extent of the God given rights. Thus, United States is the most successful, productive and inventive of all science that advanced civilization of the world.
We then became the richest, most powerful country that leads people to the full dignity and respect of mankind under the guideline of our Judeo -Christian principles.
No country in the world has ever succeeded in Socialist form of governance.
Some countries have mixture of socialism and capitalism. Taxes there are so high that most people are not able to own properties. Denmark, Sweden, the Netherlands.
United States is the richest country in the world because of Capitalism.
All these countries listed function by Catalism
1. United States (GDP: $21,410,230)
2. China (GDP: $15,543,710)
3. Japan (GDP: $5,362,220)
4. Germany (GDP: $4,416,800)
5. India (GDP: $3,155,230)
Bernie Sanders and AOC will bring our country to the death of our freedom and enlargement of poverty. Beware!
============== br I Brilliant analysis and infor... (
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