This Week's Stock Market Sell-Off - From the Author of Economics in Atlas Shrugged
"Socialism is an unnecessary but deliberately chosen virus, which many “humans,” historically (and philosophically), have preferred to its healthy, dynamic alternative (capitalism), and instead of being talked out of it or cured of it, are often tutored and goaded into endorsing it by malevolent, irrational social theorists, economists, politicians and demagogues."
the way I understand it, fascism is where the government tells private industry what to do and how to do it, while leaving actual ownership in private hands. profits accrue to the private owners, but of course prices are set by the government.
socialism is where the government owns the means of production and the people just run it the way the government wants. the government takes all the profits.
communism is a system where the people form communes under worker ownership, but the government runs them and tells them what to do. "profits" are distributed in proportion to need.
capitalism is where there are free markets and people do what they want, how they want to do it.
I am not an expert of these definitions, but I think they are close enough. Today, we have a mix of capitalism
WE still own smaller things in this country that they havent figured out how to control.through government tentacles. One could argue that this country is mostly fascist now, with a few smatterings of true capitalism, and some socialism. Not much true communism, since it fails so quickly.
Sanders is right when he says we already have elements of socialism. Medicare for all would really be fascism in that it pays for services rendered by private hospitals and physicians. The VA would be true socialism, with the means of providing the services are owned and operated by the government.
Either scenario is something a communist government would do. The only reason china is booming is that the government temporarily got out of the way of the chinese spirit and they can tap into the money the people generate.
The chinese people are very industrious which I can attest to from dealings with them over the last few years
Personally, I think bloomberg is going to finance another run for Hillary as a way to reverse the horrow of the 2016 election, which was supposed to be hers. Will be interesting. No wonder the stock market is in turmoil.
Every quarter I get a dividend check that helps with my pension and SS payments. BTW, doing taxes is a bummer.
So I watch the share prices. They go up and they go down, they go up and they go down. And the share prices always will.
Reminds me of climate change that is always changing.