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Socialism and capitalism are not mutually exclusive. Capitalism in the US did not die when Social Security and Medicare were instituted.
Social Security and Medicare do not make the US any less capitalistic or anymore socialistic.
Adam Smith himself when advocating his theories on Capitalism talked about looking out for the welfare of workers and supported a pension system for them.
Merriam-Webster Dictionary:
Quote:
Socialism: 1. any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a: a system of society or group living in which there is no private property
2 b: a system or condition of society in which the means of production are owned and controlled by the state
Capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
Based on the actual definitions I don't see how something like social security could be considered socialist and not capitalist.
I work for wages...private property...some of it is taxed and given to me later in life as an old age pension. If I pay in more, I get more. Those social security payments become my private property that I exchange for goods or services that are privately owned by someone else.
Adam Smith actually argued for a pension inside of capitalism.
Venezuela's percentage of public ownership is between 30%-40%.This is about how publicly owned a Social Democracy is - France for example is at 38%. The United States is at 28%. Cuba, by comparison is at 76%. Their economy is and always has been under majority private control. It is and has always been capitalist.
The caravans of immigrants coming from Honduras and Guatemala are coming to the U.S. because it was the U.S. who helped destabilize their countries. Their thinking is you messed up my country and it is now a dangerous place and no longer safe to live so now I am coming to your country so I can live safely.
I work for CBP for a decade and I've never heard a Honduran and Guatemalan (legal, illegal, and asylum) made a claim like that.
I work for CBP for a decade and I've never heard a Honduran and Guatemalan (legal, illegal, and asylum) made a claim like that.
But pls continue with your nonsense.
There aren`t many Hondurans or Guatemalans alive who remember the U.S. intervention in their countries (life expectancy in Honduras is ranked 151st in the world and Guatemala`s is 146th) and it`s highly doubtful that the dictators we put in place want them to know. Finding food and safety is a higher priority for them than studying their own history assuming their schools, if they have them, actually have books.
Social Security and Medicare do not make the US any less capitalistic or anymore socialistic.
Adam Smith himself when advocating his theories on Capitalism talked about looking out for the welfare of workers and supported a pension system for them.
Merriam-Webster Dictionary:
Based on the actual definitions I don't see how something like social security could be considered socialist and not capitalist.
I work for wages...private property...some of it is taxed and given to me later in life as an old age pension. If I pay in more, I get more. Those social security payments become my private property that I exchange for goods or services that are privately owned by someone else.
Adam Smith actually argued for a pension inside of capitalism.
Most of the individual states in the US already had their own state's version of social security, before it was nationalized. There was no reason for the feds to take it over.
Don't generalize. Either you are making misleading statements, or you don't understand economics.
Most people KNOW that PURE CAPITALISM doesn't work. Look at the 1890's America (not pure, but closer than we have today). We also KNOW that Pure Socialism does't work.
Most of us "lefties" want a mostly capitalistic economy, based on incentives and motivation, but also want some checks and balances. Capitalism works best in most economies, but socialized medicine (for example) has proven to be cheaper AND more effective. And there is still room for a free market running parallel to socialized medicine for anyone who wants to "buy up". The capitalistic influence is why we have unaffordable insulin and epi-pens, and it is why people who live on border towns can get the EXACT SAME medicines by crossing the border and buying in Mexico, for a fraction of the cost.
Capitalism is the best economic system, but it (like any system) has flaws and short-comings. Isn't it better to understand what they are, and try to mitigate them, rather than sticking your head in the sand by making ignorant, sweeping statements about groups of people that you don't (or won't) understand?
Who gets "motivated" to succeed when success means you'll be taxed at 70%?
Socialist countries build walls too. To keep people IN. If America keeps going leftward and irreligious, we'll be building walls, all right What a whole legion of dimwits and young people haven't figured out yet is the leaders who push for socialism don't care a whit about the people; they are in it solely for their own enrichment. The Clintons are fabulously rich and wanted to become MUCH richer. The 0bamas came in poor, went out rich. Hugo Chavez, Fidel Castro, Kim Jong.....all of them wealthier beyond your wildest dreams. Plundered from the backs of the people they piously claim to care for. Socialism is a LIE, folks. How many countries have to fail before we learn this lesson? But it's being pushed by the media now, which is being paid by worldwide Marxist proponents such as Soros. People are being told to ignore their lying eyes, and not pay attention to the tremendous economy we have in America now. Why anybody would elect Democrats to derail the great Trump economy is beyond me. Wise up, people. Embrace conservatism. See the light.
Great post!
Quote:
"We will bury you". "We can't expect the American people to jump from capitalism to communism, but we can assist their elected leaders in giving them small doses of socialism, until they awaken one day to find they have communism."--- Nikita Khrushchev at a diplomatic reception in Moscow 11/18/56
They are fleeing CAPITALISM in their own countries where people often have to scrounge through garbage to find food. Freewheeling unfettered capitalism is a crime against humanity. Do you like your socialistic schools, fire dept., Social Security, Medicare, etc. or would you prefer to live like an animal?
I'd give up most of it if you pay me back every penny that I ever paid into it....
Along withth the interest it would have earned by my investing it of course.
.....Fire departments aren't even remotely socialist in nature. I never said I was against all taxation and public utilities etc.....
See that's the problem with trying to discuss big government vs small government with socialist Lefties....
They always want to turn it in to an all or nothing argument and characterize those who endorse small government, capitalism and low taxes as calling for anarchy.
And that's just a load of BS.
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