Why “Democratic” Socialism Doesn’t Work [19:49] < GOOD WATCH, worth the time
“What is the legitimate role of government?”
“The United States is not a democracy.”
“Pure democracy is mob rule.”
“Financial risk vs. economic security is a choice.”
Personal notes: (1) My brother lived and worked in Beijing for a year back in the 80s. Everyone was paid the same no matter what job they did or how well they did it. He said it was well known that you couldn’t get a taxi when a particular television show was on, because the taxi drivers loved it and refused to drive while it was airing. (2) I visited the U.S.S.R. in 1972. Our tour guide told us she wanted to be a stay-at-home mom, but was given only two choices by the government. She could be a tour guide or something else, I forget what. She chose tour guide, because she thought she’d hate it less.
Milton Friedman and Phil Donahue On Socialism v. Capitalism [2:49] < MUST WATCH
“The only cases where people have escaped grinding poverty have been where they had capitalism and free trade.” “Where are you going to find the angels to organize society for you?”
Sources:
H/t Bluebird of Bitterness
Centesimus Annus by Pope Saint John Paul II, May 1, 1991
http://w2.vatican.va/content/john-paul-ii/en/encyclicals/documents/hf_jp-ii_enc_01051991_centesimus-annus.html
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