Socialism versus capitalism 159
The forthcoming presidential election in the US is about socialism versus capitalism.
“Capitalism” was Karl Marx’s word for what Adam Smith called “the natural order of liberty”. To be for capitalism is to be for individual freedom.
Obama, whether he admits it or not, is a socialist, and his agenda is to change America into a socialist welfare state. As the collapse of one after another of such states in Europe demonstrates, that is the road to economic ruin.
Romney is a capitalist. He would keep America the free market country it has always been. The free market is the only road to general prosperity.
Here’s Milton Friedman on Socialism versus Capitalism – as the short video clip is titled – in a 1979 Phil Donahue show:
