Category Archives: Politics

Capitalism vs. Socialism – Understanding Premises, Part 4 (Welfare)

(If you’re just joining this series, please read the previous installments.) Welfare — Has it Helped the Poor? (Part 1) Or, as Dr. Phil Would Say, “How’s That Working For You?” Back in the early 1960’s, President Lyndon B. Johnson decided to wage a war on poverty. It was called just that; “The War on…

Capitalism vs. Socialism – Understanding Premises, Part 3

In Part 1 we looked at the importance of being able to correctly define the concepts of Capitalism and Socialism and in Part 2 we defined it. We also looked at the key difference between the two; namely that Capitalism is based on cooperation (voluntary trade) and Socialism is based on force. Most people do…

Capitalism vs. Socialism – Understanding Premises, Part 2

In Part 1 we discussed how important it is to be able to define a term. This is really for two reasons: So you truly understand it yourself. You’d be surprised how many people tell me they are absolutely, totally and undeniably against Socialism . . . and then in the next sentence tell me…

Capitalism vs. Socialism – Understanding Premises, Part 1

I notice more and more of my friends such as Randy Gage, Art Jonak, Robert Ringer, Paul Jacob and others investing a lot more of their writing space on the topic of Capitalism vs. Socialism. I’m glad they are because the differences between the two are the differences between prosperity and misery both for individuals…