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The Folly of Democratic Socialism

- Tom DiLorenzo - lewRockwell

@ Recusant - I totally disagree. Capitalism is not for business, it is for the individual. Socialism only succeeds to the degree that it does not choke off Capitalism. Once the last vestiges of Capitalism are abandoned, Socialism collapses. Socialism makes one a slave to your fellow man's need. Capitalism, on the other hand, requires voluntary participation in a transaction. If either party to a transaction is not a willing participant, you don't have Capitalism, it's something else. Call it Crony Capitalism, or Fascism, but it aint Capitalism.

Commented 2598 days ago

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Beginning of the headline :How apropos that on the weekend of the annual convention of Democratic Socialists of America taking place in Chicago the socialist government of Venezuela is demonstrating yet again the inherent incompatibility of socialism and democracy. It was not just a coincidence, in other words, that twentieth-century socialism was defined by tyranny, dictatorship, and oppression – and not democracy. Nobel laureate F.A. Hayek explained how so... Read More

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