Capitalist Reality Versus Socialist Fantasy


Socialism eventually fails every time it is tried.
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I want to expand on something that I said right before the top of the hour ended. Walter Williams, who still occasionally guest hosts the program, once said, “Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.” Nothing could be closer to the truth than that. In a communist/socialist society where nobody has any freedom, nobody has any liberty, how do you get anything?

You have to be a member of the party, and what are they going to do? They’re stealing from people. They’re imprisoning people. They’re looting. They’re taking what other people have. You had to go out and steal things to have anything. Capitalism frees people to provide services and products people are willing to pay for, and if you hit it big, you get really wealthy. If you don’t hit it big but do reasonably well, you’ll do reasonably well.

Capitalism is made up of people who are forever dreaming about coming up with ways to make life better. Capitalism is about improving the quality of life, improving the standard of living for as many people as possible. That takes us back to: It’s not possible for everybody to be the same. So the socialists play on this class envy business. “Well, it’s not fair that X should have all of that. Not everybody does, so it isn’t fair.” So they say we need to do what the left always does, what socialists always do to “equalize” society.

They never elevate the people at the bottom. They always try to penalize the people at the top and take away from them and blame them for the inequities and the problems in society. But it doesn’t stop with economics. Then they go after what people say. Then they go after the way certain people live. They have to make sure that anything that creates human triumph is discredited, because that sends the wrong signal to a socialist or communist government. You can’t have exceptions on the plus side.



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