Episode #16
Why Socialism Can’t Work in America
Governs government: The Constitution doesn't govern the American people; the Constitution governs the American government.
Three Ps: There are three "Ps" that actually create the economic world: the pricing mechanism of the marketplace, profit and loss, and personal property.
Subject to theory: Socialism doesn't embrace measurement or accountability that isn't subject to theory.
Not for all: It can be argued that socialism isn't for the benefit of all, but rather taking from some to give to others.
Never voluntary: Socialism has to be imposed, and it has to be coerced, so it can never happen in a voluntary state.
Immune to feedback: Some governmental structures have had problems in adjusting to the increase in the world's population because they’re immune to feedback.
Creating scarcity: The system of socialism guarantees the creation of scarcity.
Self-development required: Capitalism requires the maximum self-development of individuals.
Threatening innovation: Socialism interferes with any innovation that's going to threaten the existing structure.
Effective action: Capitalism is a way to produce more effective action out in the world.