Well organized scare campaigns, bitterness, division… Sound familiar?
Back in the mid 1900’s even thinking of communism (socialism) was considered dangerous in the United States.
What an enormous waste of resources, time, energy, money and bloodshed battling an ideological enemy. How much destruction was caused in the debate over an economic hypothesis. And in the end who won? They both won and they both lost.
The reality is that every nation employs some combination of both systems . Capitalism works best where incentive is needed. Socialism works best at providing basic human needs and managing institutions that need consistency.
In the United States, small businesses serve as an example of capitalism. Each competing for market share through appeal.
Likewise social living is alive and well in the West. Civil servants and employees at, mega corporations, experience the benefits and security of socialism. These institutions know the value of worker loyalty in knowing they will be well treated in virtually every aspect throughout their lives.
The socialist countries also have concluded that free market capitalism system works much better in accomplishing some aspects of their economies, especially where being the most effective is vital.
It is a given that the basic role of government is to make sure its nations needs be met. History has proven that adhering only to one economic system or the other has proven unsuccessful. All nations have realized the integration of both systems are the most beneficial.
However in terms of advancing, elevating and growing, at the end of the day, the competition generated from free enterprise hits a home run in creativity, innovation and invention. The driving force in bringing progress and prosperity to humanity is virtually exclusive to the free-enterprise capitalist system.
For better or worse, capitalism is what moves things forward.
Thursday, October 18, 2018