Tuesday, October 28, 2008

Defining Problems With Socialism For The Post-Cold War Generation

Quoting IBD Editorials
(I inserted the links):

“John McCain has finally called Barack Obama's agenda by its proper name. But if he assumes voters understand what he means when he uses the word ‘socialism,’ he assumes too much.

To slap a label on it isn't enough. Sadly, most people under 60 in this country went to schools and universities where socialism isn't considered a bad thing.

McCain has to educate them about what socialists believe and how they want to rebuild ‘the world as it should be,’ as Obama quotes his socialist hero, Saul Alinsky.”

“According to Marxist theory, socialism is the stage between capitalism and communism where private wealth is distributed for the benefit of all. It's a romantic notion because hardly anyone is willing to share their wealth with strangers.

So to get from theory to practice, force must be used. Wealth must be taken by the state — and not by a faceless bureaucratic machine, but rather by flawed humans with their own selfish ambitions and ulterior motives. They decide who gets what, taking cuts for themselves and their cronies in the process.

Think ex-Fannie Mae CEO Franklin Raines and ACORN.

Socialism is centralized power. That's why socialist movements, which often begin as cults of personality, usually end in fascism. Witness Stalinism, Maoism, Castroism — and, yes, Nazism, which, as Hayek noted, stands for ‘National Socialism.’ ”

“The left wrongly asserts that unregulated capitalism caused the financial crisis; in fact, government overregulation of banks distorted market incentives and corrupted capitalism.

Wielding a socialist-inspired cudgel called the Community Reinvestment Act, government forced banks to make loans to uncreditworthy minorities who couldn't repay them.”

“Obama denies having socialist designs. But it's no coincidence he virtually always votes with socialist pal Bernie Sanders, as the two most liberal members of the Senate.

Nor is it a coincidence that nearly all of Obama's mentors and close advisers supported Marxism, including: James Cone, Dwight Hopkins, Jeremiah Wright, Frank Marshall Davis, Jim Wallis, John McKnight, Cornel West and William Ayers.

It's also no coincidence that Obama devoted his first memoir to the memory of his late father, a communist, who proposed massive taxes and redistribution of income in Kenya.”
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