Capitalism v/s Socialism

January 2, 2009

Capitalism v/s Socialism in the USA.
By T.S. Khanna

God has equally distributed resources around the world but it is only in the USA that we have
• Electricity and water available around the clock;
• Centrally heated and air conditioned homes, offices, and cars;
• Less than 7% unemployment;
• Availability of food and goods in plenty;
• Minimized poverty;
• Diverse people/cultures working/living together, peacefully.

This is because the USA is the most innovative, wealth producing nation created by the Democratic Capitalist System. The system allows everyone opportunity to maximize his/her wealth within the legal framework. Those unable or the unwilling ignore the opportunities and blame the system for mal-distribution of wealth, in spite of the benefits received.

Unfortunately, their number has been increasing and their voting strength has become the present system’s weakness. Now they constitute a dominant force to change capitalism into socialism, in the hope of getting free money and services.

Experience has shown that socialism starts out distributing wealth and ends up distributing poverty. While capitalism makes people unequally rich, socialism makes them equally poor.

In the US, the wealth producing wherewithal is in place but it can operate only under a wealth producing culture. It takes several generations to build a culture but only one generation to destroy it. Socialist forces can cause quick destruction.

The nation is at the crossroads. The wealth producing culture must be protected by reestablishing the public confidence in the present system. This may well be achieved by enforcing integrity, transparency, and exemplary penalties.