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.

The hat and the pencil: who is Peru’s president in waiting?

6/15/21
from Financial Times,
6/15/21:

Pedro Castillo has emerged from nowhere to become one of the most recognisable figures in Latin American politics in recent weeks, and appears poised to become Peru’s next president.

Much of the confusion surrounding Castillo stems from his flip-flopping on policy during the campaign. One minute he was a radical tub-thumper, determined to nationalise companies and rip up Peru’s 1993 constitution; the next he was trying to assuage the country’s terrified elite they had nothing to fear from him. No one knows what to expect.

“Pedro Castillo is a disaster when he has to explain his ideas but he’s sensational when he reduces his message to a single phrase: rich against poor, the wealth of those on the coast versus the poverty of those in the Andes, the dispossessed against those who have everything,” said Rodolfo Rojas, a political analyst at Sequoia, a consultancy in Lima. “He’s a teacher who had a poor education himself and it shows. To give one example, he’s had problems explaining the difference between the national budget and gross domestic product.”

More From Financial Times:



365 Days Page
Comment ( 0 )