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The Recusant
Member since May 2012
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The Siren-song of Welfare State

- Hugo Salinas Price - Plata.com

I agree with the author on the majority of this well-written article. However, I think the author should be more open to the concept that a world based on pure capitalism would be equally bad as one based on pure socialism. Socialism benefits people in union with others just as capitalism benefits the individual. Both are sides of the same coin. All societies historically have had, to one degree or another, the benefits of socialistic services or entitlements. From Roman roads and armies to libraries and Social Security. The key is to balance the national policies so that socialism and capitalism can work effectively together. When either one or the other take prominence in the perpetual swing of the economic/political policy pendulum, then the other suffers until those policies become more even. To state that either socialism or capitalism is the only form of viable monetary practice or deride one over the other is a shallow and mistaken belief.

Commented 3818 days ago

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Beginning of the headline :Our world is run – and has been run for some time now – by a relatively very small group of individuals who have it in their power to manage, as they think, the economies of nations. Managing the affairs of a nation implies making people behave in ways in which they would not otherwise behave. National management of an economy thus means making millions of individuals do what they wouldn’t do if left to themselves. There is not one single national economy in the world today whose people a... Read More

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