Why doesn't socialism work?

The first paragraph of Mitchell's lying opinion piece about a imaginary economics professor:

"An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich; a great equalizer."​

Mitchell is a propagandist. You fell for it.

 

Did you notice the qualifying adjective "unbridled"?

I very much favor capitalism. I have made money through the capitalist system. I have wholly or in part several corporations. I am not against capitalism.

However, unbridled capitalism, capitalism run amok, capitalism without conscience, inevitably devolves into fascism, as we have today in this country. When corporations own the government such as what we have today in this country, bad things happen. Corporations without meaningful regulation, corporations writing the rules that govern them, will bring bad things.

 

Socialism for corporations is fascism.

 

What's left not to control, when the Chinese government uproot entire villages and force them into reeducation camps? What doesn't that government control? Even if there is one last vestige of choice, that they aren't controlling, all it takes is a snap of the fingers and it is suddenly controlled.

 

Modern day US of A.

 

As an economist you know better than to answer an economic system with a political system.

 

More accurately laws and regulations have.

 

I see part of the basis for your misconceptions..Hunter Bidens's participation in the Ukraine Deal was in no way capitalism.. cronyism at best and the result of 'socialism" .. and a good example of how socialism really works, the leaders get rich by taking from the useful idiots.

 

Ludwig von Mises wrote the book on why socialism doesn't work a century ago:

To make a long story short, socialism doesn't work because it is inconsistent with human nature. Pretty much everything else flows from that one simple, essential fact.

 

Boy are you confused.
I'm not even going to try since you are willfully confused, ie, you started with an assumption and claim it as Gospel and are proud of yourself.

 

Socialism substitutes innovators for amoral politicians; who then fight evermore savagely to scavenge the last vestiges of once vibrant economy. Look at the examples we have in this world now.. socialist will have to split the 1/100th of what is left among a tiny ruling class. Sound familiar? It's how every tyranny that ever been works.

 

Damn straight I have conviction for the truth, Western Civilization is the culmination, to date, and pinnacle of civilization in general.. the further it moved West the more it achieved it's great hieghts..

we are so free thinking that we have forgotten how to think rationally and objectively.
See you in the funny pages.

 

He enumerated this ideology so it helps to understand who he is to understand why he wrote this up. (Un-enumerated, this fantasy has existed as long as women have). For example, can you take anything from the fact that the creator of Superman has a sad history: his dad was killed in a shooting? So, Marx was a bum. Who came up with an phony economic system where bums were cared for by hard working people. Seems obvious really. As for Русские тролли сосут, you bet.

 

Social programs, welfare tied or not, do not determine or define socialism.

 

You are describing cronyism, cronyism , cronyism as "unbridled capitalism".

 

The brilliance of fascist is they dictate to the corps., but they take no responsibility for the output.

 

Nonsense. Socialism is collective production. A farmer cooperative where there are no ownership shares isn't capitalism.

 

agreed...Fascism is the idea that a hand full of corps, can exist, but only to supply the State.

 

Arguably not well.

"The government continues to balance the need for loosening its socialist economic system against a desire for firm political control. In April 2011, the government held the first Cuban Communist Party Congress in almost 13 years, during which leaders approved a plan for wide-ranging economic changes. Since then, the government has slowly and incrementally implemented limited economic reforms, including allowing Cubans to buy electronic appliances and cell phones, stay in hotels, and buy and sell used cars. The government has cut state sector jobs as part of the reform process, and it has opened up some retail services to 'self-employment,' leading to the rise of so-called 'cuentapropistas' or entrepreneurs. More than 500,000 Cuban workers are currently registered as self-employed."

https://www.cia.gov/library/publications/the-world-factbook/geos/cu.html​

 

That is nonsense. Collective production is not and does not define socialism. Farmer cooperatives are jointly owned by individual private member farmers. They are capitalist because they are free private ownership entities.

 

In any case - outside of a discussion of Cuba - it is pointless to use the term socialism (as per the strict/extreme form definition) in discussion of any other system since outside Cuba - it doesn't exist.

Bernie Sanders is not a Socialist - by this definition.

Actually - Cuba was not a Pure Socialist country either come to think of it. The resources and means of production in Cuba are owned by a Totalitarian Dictator and not the collective.

 

I didn't fall for anything, as I already researched the story and didn't mention the story.

The area I focused on had nothing to do with the story, so you're just creating a strawman to avoid the point I made.

You further tried to implement your strawman argument by editing my post.

Please explain to me which of the below is not true:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it.

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

 

LoL you think the recycling bin is actually recycled.

 

Oh look, yet another leftist, yet another logical fallacy in attacking the source.

 

Even totalitarian governments like China take into account how citizens feel.