Preventing The Increase Of Socialism

912 Words4 Pages
Preventing the Increase of Socialism in the American Economy "He has shown you, O man, what is good; and what does the L-rd require of you but to do justly, to love mercy, and to walk humbly with your G-d?" (Micah 6:8). "Socialism in general has a record of failure so blatant that only an intellectual could ignore of evade it," said Thomas Sowell, and economist. History repeats itself. Socialism does, too. Though many refuse to believe it, America 's economy is being invaded by socialism. Therefore, it 's people need to be informed as to socialism ' influences an destruction for America. Socialism, a system of governmental control over a nation 's economy, is based upon communal ownership of national resources. Socialist economies have been given various names by economists including welfare capitalism, manages capitalism, democratic socialism, and market socialism. Socialism is incomparable to the capitalism America was founded on. In capitalism the means of production are privately manages with impetus for profit, whereas in socialism the nation 's capital is "collectively owned." Through capitalism, individuals choose what exchanges to make, whereas through socialism, centralized authorities force exchanges. How can socialism actually enter America, who was founded on capitalism? First of all, American socialists sneak their ideas in, hiding themselves in suave words that sound expedients and none but are instead the nation 's destroyers. Charles B. Shaman put
Open Document