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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (116179)	10/5/2008 3:49:38 PM
From: Freedom Fighter	1 Recommendation Read Replies (2) \| Respond to of 132070

skeeter, In socialism you have bunch of central planning morons deciding how to allocate the resources of society. So you wind up with tons of stuff you don't need, not enough of what you do need, corruption and massive waste. In capitalism, the prices of good and services are determined by supply and demand (and ultimately profit and loss) which in turn dictates how to allocate capital and meet the needs of society. IMO, there is no question at all that capitalism is the superior model based on both the predictions of elite economists that actually understand how the world works (not the idiots that govern and educate us) and the results around the world. The problem is simply a matter of preventing a limited percentage of corrupt and greedy capitalists from using government and its institutions (especially the Fed) to transfer wealth to themselves at the expense of others. All these actions distort markets. Then when they crash, opportunistic scumbag political lefties and those morons educated by the state and their idiot economists blame free markets (which we don't have). There is no perfect system, but the core problems of capitalism are mostly limited to corruption that could at least be partially addressed, unsound banking systems that could easily be fixed, the minor corrections that would occur from time to time in a truly free system, and encourging the winners to help the less fortunate etc... The core problem with socialism is that it's totally unsound and can't/wouldn't work even if there was no corruption no matter what. It will always and everywhere lead to economic disaster.