Thursday, November 3, 2011

Are you a Socialist, a Communist, or a Capitalist?

© 2011 by Mrs. Juli Iles
Define Socialism:
so·cial·ism   [soh-shuh-liz-uhm] noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

Define Communism:
com·mu·nism   [kom-yuh-niz-uhm] noun
1. a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
2. (often initial capital letter) a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party.

Define Capitalism:
cap·i·tal·ism   [kap-i-tl-iz-uhm] noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.


Let's condense the definitions: 
Socialism: Collective ownership
Communism: Socialism enforced by government
Capitalism: Individual ownership

Are these statements in line with individual or collective ideology?
Tax the 1% and give more to the 99%.
Everyone should own a home.
Everyone should have a guaranteed job.
Everyone should have healthcare.
Everyone should have a college education.
Everyone should put their money towards Global Warming prevention.

I believe that taxpayer bail outs, subsidies, loan guarantees, and special initiative tax breaks for corporations are wrong. They take money from individual taxpayers and give it to individual corporations because it is “for the good of the collective”. It is often called Crony Capitalism, but could also be called Socialism by definition.
Socialism is not the answer to Socialism (Crony Capitalism). The answer is true Capitalism. Let individuals work. Let individual businesses provide jobs. Let individuals rent if they can't afford to buy a house. Let individuals buy insurance when they can afford it. Let individuals pay their way through college, or take out a loan, or not go to college- as they choose. Let individuals choose which causes and charities to contribute to.  Let individuals give to other individuals out of the goodness of their heart. I believe in the power of the individual. I am a Capitalist. What are you? 
© 2011 by Mrs. Juli Iles

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