Socialism
Socialism is a range of economic and social systems characterized by social ownership of the means of production as well as the political theories and movements associated with them. The Top 10 socialist countries in the world in 2012: China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand, Belgium. Other countries who ascribe to this political ideology are Cuba, Venezuela, Greece and many others. Greece Illustrates 150 Years of Socialist Failure in Europe. There are many varieties of socialism and there is no single definition encapsulating all of them, though social ownership is the common element shared by its various forms. Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity. The Socialist Party of America was founded in 1901. • “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery” — Sir Winston Churchill. • Garry Kasporov, former World Chess Champion, put it this way on Super Tuesday, 3/1/16: ” I’m enjoying the irony of American (Bernie) Sanders supporters lecturing me, a former Soviet citizen, on the glories of socialism. Socialism sounds great in speech soundbites and on Facebook, but please keep it there. in practice it corrodes not only the economy but the human spirit itself.” • As a great economist Milton Friedman once said, “If you put the government in charge of the Shara Dessert, in five years there’d be a shortage of sand.“ Centralized government control, which is what socialism is, inevitably, ultimately, stamps out individual creativity and talent and industriousness. Collectivism is soul-killing.

Money ‘in the Wrong Hands’

1/14/19
from The Wall Street Journal,
1/13/19:

Let’s compare who does more public social good with their money.

“Here’s the truth. Brothers and sisters, there’s plenty of money in the world. There’s plenty of money in this city. It’s just in the wrong hands.” —New York City Mayor Bill de Blasio, State of the City address, Jan. 10, 2019 American politics is in part an eternal battle between those who prize freedom and those who demand equality, between the forces of income growth and those of income redistribution, and in 2019 the redistributors are on the march. For the purest distillation of the socialist impulse, look no further than Mayor de Blasio’s statement of raw political purpose that we quote above from his annual address last week.

The mayor says New York’s—and America’s—money is “in the wrong hands,” and his duty is to put it in the right ones. The right hands are presumably his own, by which he can pass that money out to those he and the City Council believe to be more deserving. But when he says the “wrong hands,” who does he mean exactly? Who are these undeserving malefactors? Presumably he means the wealthy, so let’s mention a few of the New Yorkers he might have in mind.

....

Here’s the real truth, brothers and sisters. Without the “wrong hands” that Mr. de Blasio despises, there would be no wealth or income to redistribute. Without the fruits of capitalist invention and business success, there would be no philanthropists to preserve the parks, to rebuild crumbling public spaces, to donate to the museums that give the non-rich a glimpse of great art and history, or to provide an alternative to failing public schools that cheat poor children of opportunity. As for Mr. de Blasio’s right hands, there are those failing schools. And don’t forget the New York City Housing Authority, which last year had to sign a consent decree with the federal government for lying about its failure to provide safe and sanitary conditions. “Somewhat reminiscent of the biblical plagues of Egypt, these conditions include toxic lead paint, asthma-inducing mold, lack of heat, frequent elevator outages, and vermin infestations,” federal Judge William Pauley III wrote last year, adding that the authority “whitewashed these deficiencies for years.” Perhaps those are the hands Mr. de Blasio should do something about.

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