Should America be socialist? Is America already socialist?
To answer either of those questions, we must first define socialism. What is it? What countries are socialist? For example, is Denmark socialist? If so, is it the same socialism as Venezuela? And what about “socialist” countries like Germany under the Nazis, “National Socialist German Workers’ Party” and the former USSR, “Union of Soviet Socialist Republics”?
With the definitions in hand, we can have a useful discussion.
That is the subject of today’s 10-minute episode.
Let’s look at the promised definitions:
I also promised thoughts about specific countries:
Let’s do a mutual goal check. I am assuming that we are all looking for an economic system that simultaneously rewards talent and hard work, while taking care of those who truly need it. Do you agree? If not, I and others would benefit from your thoughts and comments.
Here are three key observations:
Which economic method or principle, either type of socialism, communism or capitalism, is the best approach to making and selling products and services for more than they cost? Answer: Capitalism. Absolutely no question. Remember, democratic socialism is successful capitalism, capitalism with profits, with heavy income redistribution. Without profit there is nothing to tax, and nothing to redistribute.
Capitalism is amoral, not immoral, mind you–amoral. It needs a moral compass. Democracy needs a moral compass. Any system, group or person needs a moral compass. If you don’t have a solid compass that you follow, then nothing else matters. Nothing. You will simply be a cork on the oceans of life, following the changing paths of the tides, currents and waves.
Now to answer the two questions at the beginning of the podcast.
As we get ready to wrap up, please do respond in the episodes with comments or questions about this episode or anything that comes to mind, or connect with me on Twitter, Facebook, and LinkedIn. And you can subscribe on your favorite device through Apple, Google, or Stitcher.
If you liked today’s podcast, other podcasts or the revolution2-0.org site itself, comment, subscribe, and encourage others to subscribe with you. Each One Reach One will help spread the word about Revolution 2.0™.
Will Luden, coming to you from 7,200’ in Colorado Springs.