CAPITALISM VERSUS SOCIALISM

CAPITALISM

Its foundation is the human mind, endowed by the creator. It is about discovering the unknown, creativity; and surprise.

Capitalism offers individuals the possibility to become wealthy, so they have the means to invent and discover new things.

Capitalism benefits individuals; all of them, the business owner and the worker.

Anyone investing in his/her business to earn more is a capitalist, and the engine of
capitalism is the entrepreneur who takes the new, rare, and expensive and makes it abundant and cheap.

Capitalism requires a free marketplace without barriers to entry. Only in the private marketplace can wealth be created. Government is always an expense to the economy.

Capitalism has lifted millions out of poverty and despair, given them prosperity and a better life, and allowed the human spirit to soar.

The end result of capitalism is philanthropy or giving gifts back to society.

 

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SOCIALISM

A belief that everything to be known, is already known, so the job is to redistribute, with the key feature being planning. This requires a large government that then destroys wealth. Debt increases until the government collapses.

Socialism is about maintaining the status quo; there is no innovation or creativity.

Socialism promises benefits to the group, but the promises are hollow.

Socialism favors the worst people to rise to the top, and it always leads to tyranny.

Socialism has caused the deaths of one-hundred million in the Twentieth Century.

Socialism always fails because all economic decisions come from centralized planning, and one-size-fits all economic decisions never satisfy the millions of consumers. The masses always prefer picking and choosing what meets their needs and which they can afford in a free and open marketplace.

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