Archive for the ‘Capitalism vs. socialism’ Category

My Camera Editorial Advisory Board comment published on Oct. 25, 2008, in response to the Camera’s question: Recent debate on economics and politics has been framing recent events in terms of socialism and capitalism. Is this warranted or a sign of hyperbolic rhetoric?

Our discussing capitalism vs. socialism in the presidential election is essential to understanding which direction the candidates want to take the country. The United States has rejected outright the socialism of Europe, Canada, Cuba and elsewhere seeking to redistribute wealth. Americans have shown they want individual property rights and the rewards of their own work. Then, in what appears to be a dichotomy in their values, they also have accepted some government regulations and assistance for those failing in a capitalistic society.

Sen. Obama’s statement is germane to the discussion. Do we agree with him that if the economy is good for the bottom, it will be good for everybody and that we’ve got to “spread the wealth around?”

Let me pose the question in terms of students taking a difficult exam where some excelled and others nearly failed. How do you suppose students would react to an instructor announcing those who did well will share their points with those who didn’t?

Obama’s direction could very well be the tipping point toward full-blown socialism in our country. Then, again, it may not. That’s partly up to us and our value of the discussion.

*This title was not part of the Camera publication.

Source: Daily Camera

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