Socialism Creates Poverty

[The Rabbi]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

 

[Rotagilla]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

 

[The Rabbi]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

No, they're useful in making some people rich and others powerful politically. For the average guy, not so much.

 

[Rotagilla]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

No, they're useful in making some people rich and others powerful politically. For the average guy, not so much.

Really?
You prefer central control and planning to control the markets for goods and services? Interesting, Rabbi...I didn't expect that.

 

[The Rabbi]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

No, they're useful in making some people rich and others powerful politically. For the average guy, not so much.

Really?
You prefer central control and planning to control the markets for goods and services? Interesting, Rabbi...I didn't expect that.

Obviously not. I point out that for cronies socialism is good, allowing them to make money because government slides sweetheart deals their way. For the country, its a disaster. Look at the article.

 

[Rotagilla]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

No, they're useful in making some people rich and others powerful politically. For the average guy, not so much.

Really?
You prefer central control and planning to control the markets for goods and services? Interesting, Rabbi...I didn't expect that.

Obviously not. I point out that for cronies socialism is good, allowing them to make money because government slides sweetheart deals their way. For the country, its a disaster. Look at the article.

I misunderstood. My error.
Apologies, mate!

 

[Friends]

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?

- Fidel Castro

Capitalism works well in Japan, South Korea, Taiwan, and Singapore, but Castro is right about Africa and Latin America. Nothing works well there. The standard of living is low.

The World Factbook

The crime rate is high.

List of countries by intentional homicide rate - Wikipedia the free encyclopedia

Nevertheless, socialized medicine works well in Cuba. The infant mortality rate is lower than in the United States.

The World Factbook

The life expectancy is nearly as high as in the United States.

The World Factbook

The closest approximation to democratic socialism is Scandinavian Social Democracy. By most criteria the quality of life there is better than in the United States.

 

[Friends]

The natural tendency of capitalism is to accumulate wealth at the top. The less government intervention there is in the economy, the more economic inequality there will be.

However, if the government is going to play a major role in the economy, the government needs to be competently led. During the Roosevelt Administration the government was competently led. Life for most Americans began to improve almost as soon as Franklin Roosevelt was inaugurated.

Currently, the government is not competently led. President Obama is a beneficiary of affirmative action. Like most beneficiaries he cannot handle his job well.

 

[Tom Sweetnam]

Most communist governments have to murder their way into power.

 

[Delta4Embassy]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

Poverty exists in every system. Would say though that capitalism is the system poverty crops up in the most since any system based on greed and selfishness, as capitalism is, is going to see takers take and those too polite or kind to take from other suffer and become empoverished.

Sucky as that is, I don't think there's a better way of doing things.

 

[JoeB131]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

Probably has to do more with the fact that the US and other nations punished his country for having the audacity to want to control their own wealth.

Washington Sanctioning the World US Government Threatens Sanctions against Venezuelan Officials Global Research

 

[Moonglow]

free markets are self correcting and spontaneously make us aware of where to apply our efforts.

centralized planning and control are useless in free markets.

No, they're useful in making some people rich and others powerful politically. For the average guy, not so much.

Really?
You prefer central control and planning to control the markets for goods and services? Interesting, Rabbi...I didn't expect that.

Obviously not. I point out that for cronies socialism is good, allowing them to make money because government slides sweetheart deals their way. For the country, its a disaster. Look at the article.

the companies that do business with the govt. is not socialism..

 

[Moonglow]

Most communist governments have to murder their way into power.

Good thing this nation never saw a death when founded...

 

[deltex1]

The natural tendency of capitalism is to accumulate wealth at the top. The less government intervention there is in the economy, the more economic inequality there will be.

However, if the government is going to play a major role in the economy, the government needs to be competently led. During the Roosevelt Administration the government was competently led. Life for most Americans began to improve almost as soon as Franklin Roosevelt was inaugurated.

Currently, the government is not competently led. President Obama is a beneficiary of affirmative action. Like most beneficiaries he cannot handle his job well.

You are way to kind to the moron.

 

[deltex1]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

Poverty exists in every system. Would say though that capitalism is the system poverty crops up in the most since any system based on greed and selfishness, as capitalism is, is going to see takers take and those too polite or kind to take from other suffer and become empoverished.

Sucky as that is, I don't think there's a better way of doing things.

Our poverty is upper middle class elsewhere.

 

[Delta4Embassy]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

Poverty exists in every system. Would say though that capitalism is the system poverty crops up in the most since any system based on greed and selfishness, as capitalism is, is going to see takers take and those too polite or kind to take from other suffer and become empoverished.

Sucky as that is, I don't think there's a better way of doing things.

Our poverty is upper middle class elsewhere.

True, but when you adjust for differences in cost of living it's not exactly equal or relevant. Cost of gas in Venezula is just 3 cents a gallon, but if you're only making $476/month (min wage, 2012 stats) it's not exactly a boon.

 

[CowboyTed]

I love how some people here love comparing US to third world countries and say they are doing great...

Why not compare to countries in the same league like EU. Then compare to the Scandanavians...

Map How 35 countries compare on child poverty the U.S. is ranked 34th - The Washington Post

 

[The Rabbi]

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?

- Fidel Castro

Capitalism works well in Japan, South Korea, Taiwan, and Singapore, but Castro is right about Africa and Latin America. Nothing works well there. The standard of living is low.

The World Factbook

The crime rate is high.

List of countries by intentional homicide rate - Wikipedia the free encyclopedia

Nevertheless, socialized medicine works well in Cuba. The infant mortality rate is lower than in the United States.

The World Factbook

The life expectancy is nearly as high as in the United States.

The World Factbook

The closest approximation to democratic socialism is Scandinavian Social Democracy. By most criteria the quality of life there is better than in the United States.

There hasnt been any capitalism in Africa. Ergo high poverty rates.
Latin America has had periodic bouts of capitalism. And they all work, like Chile under Pinochet. Socialism is a failure everywhere.

 

[Moonglow]

Good thing according to RWer's we are a socialist nation...

 

[The Rabbi]

Venezuela's Chavez was a big hero of the Left here. He came in with a program of Hope and Change that involved every leftist's wet dream: punish the rich, nationalize industry, screw the big corporations.
How'd that work out?
http://online.wsj.com/articles/despite-riches-venezuela-starts-food-rationing-1414025667
The country is out of basic necessities. Every adverse event was followed by more and stricter government controls. These in turn led to more problems. Price controls led to people diverting toilet paper across the border.
You cannot legislate laws of economics out of existence. Which is what the left here wants.

Poverty exists in every system. Would say though that capitalism is the system poverty crops up in the most since any system based on greed and selfishness, as capitalism is, is going to see takers take and those too polite or kind to take from other suffer and become empoverished.

Sucky as that is, I don't think there's a better way of doing things.

Is China richer now or when it labored under a more restrictive Communist system?
Is India richer now or when it labored under a more restrictive Socialist system?
Your analysis is flawed, of course. Capitalism brings more benefits, even to people "too polite" to take from others. I dont know any such people, btw. Everyone I know expects to get paid for their work or they are too proud to take government handouts.