☭ Liberty Or Equality?
Proponents of Socialism cast it as a cure for inequality. Let’s talk about just how wrong that is.
|Dec 23, 2020|
This past week, we added three posts to our Economy section. Here’s what we covered:
👎 Socialist countries are technically more equal than free ones. Why? Everyone’s equally poor. 96% of Venezuelan citizens are poor. In the US, despite being more unequal, that number is only 10%. That’s because it’s free.
💰 Socialism leads to absolute power and wealth consolidated into the hands of the few. Stalin, Mao, and Chavez all preached against inequality, yet created murderous authoritarian regimes.
🏙🗽 Critics of capitalism claim that the freest, least regulated places in the world are more unequal. They ignore that those places have the highest GDP per capita.
🇳🇴 Socialists like to point to the success of Nordic countries. Nice try socialists, but the Nordic states are capitalist. Their free markets help make a welfare state possible.
These posts were brought to you by our affiliate, Freedom Economics.