posted on Oct, 31 2008 @ 10:12 PM
We already live in a partially socialist nation:
WIC (Women/Infant/Child nutrition/health care program)
Ethanol blending subsidies
Earned Income Credit
Child Tax credit
Additional Child Tax Credit
All of these are socialist programs. They all intercede where capitalism fails (or claim to). And let's face it, capitalism may be the best economic
system in practice known to man, but it is not perfect. It can go awry on one of two directions: by a run of 'bad luck' a person may find themselves
homeless and unable to find employment, or by a run of 'good luck' someone may become so wealthy that they effectively become a financial god, able
to purchase not only goods and services, but political sway and control over entire segments of the economy. Neither is a good thing.
Socialism addresses the former problem by placing 'safety nets' (such as Welfare) in place to help those who have fallen so far down the financial
ladder that they cannot recover without help. Socialism tries to slow the latter problem by increasing taxation on the most wealthy, making it harder
to rise above a certain point on that financial ladder. These can both be good things.
But the devil is in the details. If that safety net becomes a safety hammock, it leads to a complete breakdown of the economy due to a lack of people
available to actually perform the work, and higher taxes as too few producers try to pay for the lifestyles of too many government recipients (sound
familiar?). Over-taxation of the wealthy can lead to a loss of reward for production, and thus a loss of interest in producing.
The point is that while a little socialism is necessary to combat the tendency of capitalism to run rampant across people's lives, a little dab will
do ya. Too much socialism in a capitalistic society leads to disaster, as it will circumvent (by it's very intent!) the very things that make
capitalism work in most cases: the greed and drive of the human animal. It instead allows another human trait to take over: human laziness.
I have stopped listening to the cries of "socialist!" coming from the right wing of politics. They advocate socialism as well, only they tend to aim
it at those who do not need help, like large corporations reporting record profits (I have no problem with the profits reported by the oil companies
of late; I simply think they are a little too well-off for government assistance). Like has always been the 'American Way', the government seems to
have it backwards... again.