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Socialism is not the answer.

Capitalism Is.

 

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

 

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

 

Democrats in 2018 for the first time favor Socialism over Capitalism.                                                  

 

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.”

“The number of people living in extreme poverty worldwide declined by 80% from 1970 to 2006. It is a remarkable achievement …that highlights the success of capitalism.”  The American Enterprise Institute reports "it was the free enterprise system, American style, which is our gift to the world."

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

 Government’s 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.

 Important economic decisions are made by the government through “centralized planning.  “ Consent & personal freedom are replaced with government power on behalf of the "people".

 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.   Men who don’t benefit from their hard work tend not to work very hard.”

  The goal of equality has not been realized in socialist countries since most have an elite class.

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

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

  1. https://www.dailywire.com/news/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

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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