Saturday, February 2, 2019

The Difference in How Socialism and Free Markets Work in the Real World

In the choice between the two competing models Judeo-Christian civilization has given us, with socialist arguments for "Big government" on the one side and a market-oriented system that favors the freedoms of the individual over the powers of the state on the other, there would be no contest.

Adam Smith, Friedrich Hayek, Ludwig von Mises, and Milton Friedman may have had impeccable credentials in terms of theory, but the whole point of their work is that it occurred within the reality of functioning free markets.

Oh, yes, more than 40 countries as culturally diverse as the Soviet Union, Venezuela, and Vietnam have called themselves "Socialist" states or said they were implementing the theories of Marx, Mao, and Lenin.

So how should conservatives respond to the cries of the millennials who so desperately wanted Sen. Bernie Sanders to become the 45th president, and who tell us: "What about Scandinavia and the Nordic states? What about Sweden, Norway, and Denmark, what about the socialist states of Europe that provide equality and welfare?".

Truth be told, the largesse that the peoples of these states have shown themselves by erecting welfare states built upon the profits of the past is straining their national coffers today, as their populations age and the costs of their welfare programs eat away at the limited taxes the state can collect.

So how it is that the conservative argument for the American dream is still not triumphant? How is it that of all the Democrats who ran for office in the November midterm elections, more than 40 proudly declared themselves "Socialists," including the new face of the party, Alexandria Ocasio-Cortez?

Now it is our job to convince fellow Americans that the principles of our Founding can provide for them better than any version of socialism ever could, that American exceptionalism is real and "Good," and that all of us can be a part of the American dream no matter who we are.

https://www.dailysignal.com/2019/02/01/the-difference-in-how-socialism-and-free-markets-work-in-the-real-world/

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