socialism vs Capitalism

[Theowl32]

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This is an example (yet another one) where a college know it all brainwashed socialist hack gets his pants pulled down in front of everyone and gets utterly embarrassed.

The scary thing is how many of these things are graduating.

 

[DBA]

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This is an example (yet another one) where a college know it all brainwashed socialist hack gets his pants pulled down in front of everyone and gets utterly embarrassed.

The scary thing is how many of these things are graduating.

Ben always nails it and routinely puts "educated" leftists in their place. They believe they are so enlightened but in reality, they have been spoon-fed nonsense their entire lives. The sad thing is that most of these people will continue to believe what they spout despite being put in their place. It just doesn't sink in unless they hear it from a left-wing source, which of course they never will.

 

[BluesLegend]

Oh man that punk liberal got owned. His ancestors felt that beat down. Mush brained liberals are clueless.

 

[Winston]

$10,000,000 Risks - Luxury Money

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This is an example (yet another one) where a college know it all brainwashed socialist hack gets his pants pulled down in front of everyone and gets utterly embarrassed.

The scary thing is how many of these things are graduating.

Obviously, this revolves around the essay, "I, pencil" by Leonard Reed. Published in the December, 1958 edition of the magazine, "The Freeman", this essay is quite often assigned to college students, even today, more than sixty years later. But the essay in no way places all the "reward" in the hands of the investor, the ones providing capital. To quote from the essay,

The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society's legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand.
con

“I, Pencil … ” by Leonard E. Read; Capitalism in a Nutshell.

A beautiful illustration of Adam Smith’s Invisible Hand of Capitalism and the Free Market.

www.catholicamericanthinker.com

In order for that "invisible hand" to work effectively there must be at least some sort of equality, between the workers and the capitalist. What many Republicans believe, is that capitalism is all about those that provide the capital. What socialism recognizes is that in some areas of the market, worker protections must be put in place, in some areas, like health care, there is not "equal consideration", which is a real legal concept. When that is the case, it is the place of governments to regulate the economy in order for there to be no "rent seeking". Finally, it was Adam Smith that came up with the "invisible hand" concept. Adam Smith was the one who introduced us all to the "free market". But the definition of the free market has been bastardized into something Adam Smith never contemplated. Today, most people believe a free market is one free from government interference. That is not the case. A free market is free from "rents". The government has a place to prevent rent seeking in ineffective markets. Adam Smith said as much. Today, the government, due to the most common form of rent-seeking, political contributions, has instead become the primary avenue used to facilitate, not discourage, rent seeking. Now I am going to check out, those economic concepts are far in excess of what most of you can comprehend, and that includes Ben Shapiro. I would devastate that talking parrot in a debate, but that is another story.