Posted tagged ‘Human nature’

Does Socialism Make People Selfish?

July 26, 2016

Since the Democrat convention starts this week, I thought I would talk about the guiding principle of their Party which is Socialism. Although I probably could have posted this last week judging from some of the “highlights” I saw from the Republican convention.

As a coach, my most difficult task is to get each member of our team to think of the team first and himself second. Have you heard the old adage, “there is no I in TEAM? It’s an adage because it’s true! The reason it’s difficult to mold a group of people into a team is because humans are selfish by nature.

The video below, by Prager University, is titled “SOCIALISM MAKES PEOPLE SELFISH”.

I’m going to disagree a little bit with the title, although this may be just a distinction without a difference.

If people are selfish by nature. And socialism incentivizes selfish behavior. Than socialism doesn’t make people selfish as much as it allows their natural selfishness to flourish.

Here is a quote that sums up the differences between capitalism and socialism.

Capitalism is an economic system for devils, of which there are many. Socialism is an economic system for angels of which there are few.”

In a free market capitalist system selfish individuals have to first produce something that other people want in order to receive what they want in return. Give before you receive. Free market capitalism incentivizes the golden rule.

Watch the video narrated by Dennis Prager.

 

In this article, The Problem With Socialism, Thomas DiLorenzo states the definition of socialism as “government ownership of the means of production“. Government politicians and bureaucrats figured out that production was a difficult task that is best left to entrepreneurs. So “the means to the socialist end evolved into government enforcing redistribution of income through the welfare state and the progressive income tax“. So in Robin Hood fashion, they decided to rob the producers of their property and redistribute it to the poor. Even though Robin Hood actually reacquired and gave back the property the tax collectors stole from the producers.

Here is an excerpt from the article: “As Mises wrote in his own classic on Socialism, socialists have always employed a dual strategy: 1) nationalize as much private property as possible: and 2) “destruction” or the destruction of as much of the private property/ free enterprise society as possible with taxes, regulation, inflation.

 

Related ArticleWhy Socialism Won’t Work? Human Nature, at austrianaddict.com.

Related ArticleMilton Friedman – Socialism Is Force, at austrianaddict.com.

Related ArticleSocialism Sounds Great, at austrianaddict.com.

Must Read “Leftovers”

September 1, 2015

Why The Federal Government Fails, by Chris Edwards, at cato.org. This short article gives five reasons why Government fails. But like a lot of things, judging success and failure depends on the perspective of the person doing the judging. President Obama thought Obamacare was a success for the simple fact that it got passed. I think Obamacare was a failure because the cost of my insurance has risen 40%. Of course I am just an evil person looking after my own self-interest, and the President is just a humble public servant who would never consider his self-interest when making decrees from on high.

Obama: Earning Contempt, at Home and Abroad, by Victor Davis Hanson, at victorhanson.com. If I misread human nature and cultural differences not many people are affected and the clean up has a low-cost. But a misread at the national level affects millions and the clean up has a high cost if it can be cleaned up at all. Could the recipients of Obama’s outreach and deference see this as weakness and worthy of contempt?  “…is naive appeasement more dangerous than wise deterrence, or …. does keeping quiet and carrying a large stick trump sounding off while wielding a toothpick.” Does appeasing a bully or a child, who is a brat, work? It depends on how you define work.

Jim Grant: The Fed Has Turned The Stock Market Into A Hall Of Mirriors, at reasontv.

Sorry Mr. Trump, Canadian Healthcare Is Not Working, at fraserinstitute.org. Excerpt from the article, “Canada suffers from a high-cost healthcare system that delivers only modest performance across most measures of health care. Put simply, Canada’s model of health care delivery and financing is not something to be emulated but rather avoided.”

Venezuela Is Adding More Zeroes To Its Currency To Deal With Hyperinflation, at bloomberg.com. Increasing the money supply is the definition of inflation. Today we think that rising prices is inflation. Rising prices can be caused by many things one of which is increasing {inflating} the money supply {inflation}. The cure for inflation {increasing the money supply} is not increasing the money supply.

 

Why Socialism Won’t Work? Human Nature.

March 28, 2013
From each according to his ability, to each ac...

From each according to his ability, to each according to his need (Photo credit: Wikipedia)

Socialism is defined as Government control of the means of production, instead of private ownership, (property rights). Socialism goes against human nature as you can read about in this article, “Does Socialism Work? A Classroom Experiment”, by Dan Mitchell at danielmitchell@wordpress.com. Human beings are self-interested and will work harder for their own benefit than they’ll work for the benefit of others. The human nature of a child born in today’s world hasn’t changed, it is the same as a child born in prehistoric times. A child has to be taught to share, selfishness is natural to him, and even when he becomes a civilized member of society, self-interest is still his default position. In the article mentioned above, (more…)