Monday, October 07, 2013

Capitalism trumps Socialism

Socialism is the state ownership and control of the means and the results of production.  Capitalism is the private ownership and control of the means and results of production.  No state has ever been able to socially/centrally plan an economy and have continued success.  Long term success comes from the private sector.  The private ownership of resources and free access to markets is the steam for the engine.  Opportunity for all to enter the market and give it their best is the best idea.  All those brains, all that brawn, all those individual economic decisions result in products and services that make our world a better place.  The state should control some economic resources but the private sector should control more.

0 Comments:

Post a Comment

<< Home