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.

How Impoverished Nations Become Prosperous

7/29/24
from EPOCH TV,
7/27/24:

Dr. Rainer Zitelmann is a German historian, sociologist, and the author of several books including, most recently, “How Nations Escape Poverty: Vietnam, Poland, and the Origins of Prosperity.” Why do certain countries that previously suffered under totalitarian regimes emerge stronger, economically, than others? What factors contribute to a nation’s financial success? And what holds it back? Economic growth, which comes from free market capitalism. Some countries emerging from totalitarian rule succeed and others languish? Like Poland, from Socialism to Prosperity. For 3 decades now Poland has been the economic champion of Europe. They started small, with private property rights, opened teh economy, welcomed foreign investors, had to solve problems like 100% inflation and huge debt. Because of the problems, when you start with free market reforms, things become worse, before they get better. For example, hidden unemployment becomes open unemployment. Communist countries always had 0% unemployment, but the reality was always different. With Socialism, no freedom of the press so everything in the media says everything was great. GDP declined for the first 2 years, just like they did in UK under Thatcher before they turned around.

Not only did the economic system change, but also the political system as new parties came in.

These reforms work. Argentina and other need to try them to fix their problems.

Watch the 5 minute Video From EPOCH TV:



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