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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (901)	3/14/2019 5:08:16 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1504

Well, what you said has some unintended illogic reasoning in it. You say that corruption happens because humans are involved. We agree. So don't you want to go with a system that understands this about humans? Socialism is designed with the idea that humans are wonderful and can be counted on to be good to each other. How else can you explain a system that trusts placing a handful of those people in charge of the lives of everyone else and then hoping that 1) they are good and will ensure all the rewards are distributed properly and 2) they are smart enough to make better decisions on behalf of others than those people can make for themselves. Socialism believes that the power rests with the state and these handful of people and that the state will decide what is best for everyone. This guaranteed that abuses, because as you said, people bring corruption with them. Capitalism assumes that everyone acts in their own self-interest, which is demonstrably true and is aligned with reality. Capitalism is decentralized by its very nature and doesn't talk at all about putting anyone in charge of anyone else, but rather expects everyone to be in charge of themselves. Our Democratic government was created with restraints called the Constitution. Embedded in that was the idea that the people are where all power rests and we give the government only some powers that we want it to have. One key power we gave it was the power to enforce our property rights through the Judiciary and Legislative branches. So you see, Socialism is conceived as a Utopian ideal, but its very design is flawed, because it is based on assumption about people that are demonstrably false. Bureacrats are almost never as good at running things as people who have skin in the game.