Wednesday, May 23, 2012

The end of socialism

Socialism in its present form began as an intellectual fad in the nineteenth century, was tried in various countries in the twentieth and faces its final collapse in the twenty-first. Its end result is never a thriving economy or a good life for the people. In the last century it led to many millions of deaths.

Currently the news is filled with the precarious health of Europe's 'socialism lite' schemes, which have led to unsupportable debts. In the U.S., Obama and his Democrat allies are pushing us down the same precipitous path. This cannot end well. At best, the West is facing a period of financial correction that will put an end to public confidence in socialists of all stripes. At worst...well, let us hope it does not come to that.

Socialism is never sustainable because when you say 'to each according to his needs' everyone has needs, and when you say 'from each according to his abilities,' people's abilities flag. When you say 'to each according to his abilities' everyone tries hard to discover his abilities. But that is the one thing the socialist never says.

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