Socialism is fraud 1

It seems possible that Bernie Sanders could actually be the Democratic Party’s nominee for the presidency if Hillary Clinton were to be indicted for the obvious felonies she has committed.

He calls himself a “democratic socialist”. From all that we can discover about him, we’d say that “Communist” would fit him perfectly.

But okay, “democratic socialist” will do for now.

“Democratic”?  Leftist dictatorships like to call themselves “democratic”. It means nothing there. Sanders points to Scandinavian examples of “democratic socialism”. Denmark, Sweden, Norway are welfare states which hold democratic elections. They’re often held up – rightly or wrongly – as proof that socialism can be a workable system, even though it has failed everywhere else.

So how well can socialism work?

John Hinderaker writes at PowerLine:

Over the last 200 years, free enterprise has led to an unprecedented explosion of wealth, individual liberty and creativity. Nothing in human history … has enriched the human race to anything like the same degree. If human history has conclusively established any fact, it is that free enterprise is fantastically successful, while socialism is a pitiful failure. Think of North Korea, the USSR, Maoist China, Albania, East Germany, Nazi Germany, Fascist Italy, Venezuela, Cuba, Argentina, India until it wised up. The list goes on and on.

And yet…the siren song of socialism still lures suckers. Currently, Venezuela is learning the age-old lesson the hard way. But we can’t laugh at Venezuelans, when Bernie Sanders is a serious contender for our presidency and is far and away the campus favorite. How is it that socialism (or the urge toward socialism, anyway) can survive? It is the cockroach of ideologies, seemingly impervious to all efforts to kill it.

It may be helpful to think of socialism as a species of fraud. There are many types of fraud, but nothing new under the Sun. … The same con games that flourished hundreds of years ago still work. Charles Ponzi’s financial empire collapsed in 1920, and he was arrested and sent to prison. Yet hardly a month goes by without another Ponzi scheme being revealed. There is only one way in which a Ponzi scheme can end: in disaster. This is a mathematical fact. Yet people fall for them, over and over. …

Socialism is fraud writ large. …

Only under socialism could Fidel Castro become the richest warlord, relative to his subjects’ wealth, in recorded history. (And that was the least of his sins.) Only under socialism could Maria Gabriela Chavez, daughter of socialist tribune of the people Hugo Chavez, beloved by the American left, waltz off with a $4 billion fortune. But then, she was a piker: Chavez’s Minister of the Treasury stashed $11 billion in Swiss bank accounts.

Charles Ponzi’s mistake was that he should have gone into politics. He could have gone far as a socialist politician, and could have avoided prison. … A fraudster like Bernie Madoff will only take your money. A socialist will take your money, but that is just the beginning. When you give power to the power-mad, your freedom and human dignity, and perhaps your life, are soon forfeit.

Bernie Sanders’s economic theory is very simple, superficial and childish. He thinks there is a fixed amount of wealth (he calls it “the wealth” as if it exists in nature independent of human activity) and it is unfairly distributed. Too much over here, too little over there. Government must come along and spread it nice and evenly.

We doubt that Hillary Clinton has a better understanding. She insists that businesses do not create jobs. Obama is also unaffected by economic realities.

Perhaps what America needs is a successful businessman to take charge. In which case voters might cast a considering eye on Donald Trump.

As, in fact, they are.

Posted under Capitalism, Commentary, Crime, Economics, Socialism, United States by Jillian Becker on Friday, January 1, 2016

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  • liz

    “The cockroach of ideologies – what a perfect term for socialism!
    It really is shameful that we’ve sunk to the point of having socialists openly running for President. Especially after the disaster we’ve endured from eight years of a “closet” socialist. Does no one EVER learn?
    I’m glad Trump is popular, and I hope he wins. I don’t agree with all his views, but at this point, I’m not picky. When Mickey Mouse could make a better President than what we have, Trump qualifies at least for Mighty Mouse!