Socialist Billionaires

Yesterday I argued that, in a free-market, entrepreneurs become billionaires by giving three groups of people what they prefer over what they have to give up. 1) Investors get an ownership share in a successful enterprise, 2) Suppliers get money for the plant, equipment, and labor they provide, and 3) Consumers get goods and services … Continue reading Socialist Billionaires

Wage Slavery Part 2: Worker Control

I continue my comments about “wage slavery” by addressing a common complaint from socialists about working conditions. The advocates of socialism claim that workers should have more control over their work environment and also have some ownership in the businesses for which they work. They include the desire to receive some of the “excess value” … Continue reading Wage Slavery Part 2: Worker Control

Wage Slavery

Advocates of socialism frequently claim that employers hold workers in wage slavery. They believe that “corporate” bosses force them to work in unbearable conditions at jobs they cannot quit. Adding insult to injury, the “bosses” profit from the excess value created by the workers. This form of wage slavery only occurs under “capitalism” as practiced … Continue reading Wage Slavery

Liberty or Literacy

During a recent town hall sponsored by CNN, Presidential candidate Bernie Sanders made the following statements and asked the following questions: “We’re very opposed to the authoritarian nature of Cuba,” Sanders said, “but you know, it’s unfair to simply say everything is bad. When Fidel Castro came into office, you know what he did? He … Continue reading Liberty or Literacy

Socialist Security Pyramid

The Socialist Security Pyramid I began my description of Social Security as an example of a socialist program. It fits nicely into the Marxist mantra, “From each according to his ability, to each according to his need.” — or some other nonsense. It is just a socialized pyramid scheme — it puts Bernie Madoff to … Continue reading Socialist Security Pyramid

The Scam Called Social Security

The beauty of this Socialist Security scheme (scam) is that the government has been able to pull it off for so many years. Most people don’t actually know how it works. Earlier, I asked you to take a look at your payroll deductions. I will focus on one item that appears on nearly everyone’s paystub: … Continue reading The Scam Called Social Security

Socialist Benefits

We all like benefits but look at the intervention required to provide those benefits. If you believe that intervention only applies to other people (i.e., rich people), let’s examine that assumption. Let’s make it personal. Take a look at your last paystub. You know your “take-home” pay. Yes, that’s what you have to support your … Continue reading Socialist Benefits

A Review of Capitalism

I have covered a lot of the subject of socialism before. I believe, however, that socialism deserves a lot more attention because of the rising popularity of socialism and socialist programs. But, explaining the pitfalls of socialism might not offer the best approach. Maybe, explaining capitalism might provide a better approach. Most of the advocacy … Continue reading A Review of Capitalism

Socialism: An Economic Ideal

A lot of discussion and debate revolves around socialism as a replacement for capitalism. It’s easy to see why socialism makes sense to many people. Socialists advocate for many of the things we all desire. Why shouldn’t we get free healthcare? Is it not an integral part of the right to life? It would be … Continue reading Socialism: An Economic Ideal

Green New Deal – 2030

Commenting on The Green New Deal would waste my time, except for the attention some influential people have given it. It would, if passed, lead to a life of misery that would make catastrophic climate change seem like a marvelous alternative. I receive letters from strange people and strange places. Most of them, If they … Continue reading Green New Deal – 2030