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Wake County Republican Party County Example Site

What is your Preference

Capitalism or Socialism?

 

Young people’s(18-29 years old) approval rating for Capitalism is decreasing according to Gallup polling. 1

 

 

Capitalism

Socialism

     2010

    68%

    51%

     2018

    45%

   51%

 

Utopian ideals of total equality and an end to human want are appealing to young people.”2

A 2016 CBS/NY Times survey found that only

16% of millennials could accurately define what socialism is. 9

 

Democratsin 2018for the first timefavor Socialism over Capitalism. 1

                          

 

Capitalism

 

Socialism

Democrat

  47%

 

    57%

Republican

  71%

 

   16%

 

Capitalism

America’s first experience with socialism caused starvation at Jamestown However “as soon as the settlers had acquired the right of owning property, they quickly developed what became the distinguishing characteristic of Americans – an aptitude for all kinds of craftsmanship coupled with the innate genius for experimentation & invention.” 3

 

“The number of people living in extreme poverty worldwide declined by 80% from 1970 to 2006.” "It was globalization, free trade, the boom in international entrepreneurship," American Enterprise Institute reports.  "In short, it was the free enterprise system, American style, which is our gift to the world."4

 

Capitalism:

▲ nurtures the human spirit, inspires  

      human creativity & promotes enterprise

 

▲provides a powerful system of   

     incentives that promote thrift, hard work,   

     efficiency, ingenuity & innovation

 

▲creates wealth & prosperity

 

▲is based on a free market economy,    

     driven by supply and demand. 5

 

▲ Governments role is to protect your rights     

     and the rule of law.

 

Socialism

While it promises prosperity, equality, and security, it delivers poverty, misery, and tyranny. 8

 

▲Important economic decisions are made    

      by the government through “centralized  

      planning. “ Consent & personal freedom

      are replaced with government power on     

      behalf of the "people". 2

 

▲ The individual has less incentives to  

     work & innovate with government    

     providing basic needs.

 

▲ Socialism is not consistent with    

     fundamental principles of human behavior.  

     It ignores incentives. 5      “Men who don’t     

     benefit from their hard work tend not to   

     work very hard.” 3

  

 The goal of equality has not been realized   

      in socialist countries since most have an  

      elite class.

 

The mythof Nordic socialism is partially created by the confusion between Socialism (government control/ownership of business) and the Welfare State(government-provided social safety net). 6   Venezuela is the best current example of socialism and is quickly becoming uninhabitable. 7,10,11

 

Paid for by Wake County Republican Party

www.wakenc.gop                    919-890-5374

 

 

Sources

1  https://news.gallup.com/poll/240725/democrats-positive-socialism-capitalism.aspx

2 https://www.investors.com/politics/editorials/millennials-socialism/

3 https://www.cato.org/blog/socialism-jamestown

4  https://www.dailywire.com/news/14525/5-statistics-showing-how-capitalism-solves-poverty-aaron-bandler

https://fee.org/articles/why-socialism-failed/

https://www.forbes.com/sites/jeffreydorfman/2018/07/08/sorry-bernie-bros-but-nordic-countries-are-not-socialist/#38f2448174ad

7 https://www.forbes.com/sites/kenrapoza/2019/03/12/venezuela-is-quickly-becoming-uninhabitable/#b0c2cd57a03b

8  https://www.facebook.com/watch/?v=2081528028766448

9  http://thefederalist.com/2017/11/01/study-nearly-half-millennials-prefer-socialism-capitalism/

10  https://www.investors.com/politics/commentary/denmark-tells-bernie-sanders-to-stop-calling-it-socialist/

11 https://www.investors.com/swedish-model-brings-economic-growth/?ntt=sweden%20socialist

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