Whenever I need to explain the difference between socialism and capitalism, I start by noting that socialism technically is different from Obama-style big-government redistributionism and cronyism. Socialism involves something more pervasive, involving government ownership of the means of production (which, if you read this postscript, is why Jeremy Corbyn in the United Kingdom is far...
The government has already wrecked severe pain management in its crusade against opioid abuse while having no discernable impact on the rate of overdoses. But instead of making it easier for addicts to get help, they've instead opted to make over-the-counter treatment of a fairly common ailment more difficult.
Shortly before he was sworn in as the governor of New Jersey, Democrat Phil Murphy, a former Goldman Sachs executive, said: This state, under the current leadership, has gotten into the belief that if I give something to you, it comes at my expense. That's a myth.
Suppose you wanted to switch to socialism - what would be the ideal place to do so? You'd want a country with extremely high quality civil servants. That would be France. You'd want a country where socialism is not a dirty word, and capitalism is. That would be France.
For more than 50 years, we've had the misconception that welfare is the responsibility of the government: the delusion that it is the government's role to provide financial aid, food stamps, child care assistance, healthcare, subsidies for farmers, and other benefits to underprivileged and impoverished citizens or suffering companies.
There's a big give-away that liberals are making claims about the purported dangers of welfare reform they can't support. Their primary claims are twofold. The left asserts that welfare reform in 1996 was harmful - or would have been without expansions elsewhere in the safety net.
Perhaps the most controversial element of the Trump administration's budget is the proposal to reduce food stamp spending by 25% or $193 billion over the next decade. Forty-four million people currently receive food stamps, more than twice as many as at the end of the Clinton administration.
While occupying Delhi in the early 20th century, British forces found themselves confronting an unfamiliar and fearsome pest: cobras. Seeking to eradicate them, authorities devised a bounty program to reward anyone presenting a cobra tail. The bounty quickly incentivized an increase in the quantity supplied of severed cobra tails, simultaneously incentivizing people to breed snakes.
And that was the great economic disaster, the grand mistake. That scientific socialism of the Soviet type makes one great claim-or at least it did when it could still be said without people bursting into great gales of laughter.
In 1938 the US government passed the Fair Labor Standards Act mandating a forty hour work week, establishing a minimum wage, and prohibiting child labor. Because of legislation like this, government is often credited for making the American work environment safer and more fair.