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Socialism, the Avoidable Economic and Political System Disaster

February 11, 2020 By Richard C. Young

At The American Spectator, Bob Luddy reviews Senator Rand Paul’s new book, The Case Against Socialism. In the book, Paul explains why “Socialism as an economic and political system is an avoidable disaster.” Frighteningly, the concept of socialism has become increasingly popular on the campaign trail this year. Luddy outlines the dangers of socialism, noting “Socialism seeks to abolish any type of inequality, especially income inequality, but ultimately ends in tyranny.” He writes (abridged):

Rand Paul’s new book, The Case Against Socialism, provides clear and compelling evidence as to why socialism begins with alluring promises and ends with starvation and even death for some.

Socialism is being promoted this political season with the appealing argument that the government can provide endless amounts of free entitlements. The promises are disingenuous because someone has to produce the goods and services as well as pay the taxes on those goods and services.

During his lifetime, Andrew Carnegie grew wealthy, but so did the economy. This was because the Industrial Revolution reduced poverty as wages rose.

Rand Paul states, “Despite income inequality, the poor have made incredible gains.”

Money invested in the private market with entrepreneurs increases production and reduces prices. This is why America has a greater abundance of goods and a very high standard of living, despite various levels of income inequality. Socialism seeks to abolish any type of inequality, especially income inequality, but ultimately ends in tyranny.

Socialism promotes bloated government because the leaders control all aspects of life. Eventually, citizens lose all freedom, which is the outcome in Venezuela. The results of Bolsheviks, Stalin, Hitler, Mussolini, Castro, Kim Jong-un, and Mao Zedong are all destructive to society.

This Nazi slogan rings true with many socialists today: “the good of the community before the good of the individual.”

Rand Paul warns, “Socialism as an economic and political system is an avoidable disaster.”

“My hope is that the next generation will understand that free markets and free people have produced better health, longer life expectancy, and reduced poverty. My hope is that they will choose liberty.”

Rand Paul’s The Case Against Socialism is a must-read for every voter, politician, and student in America.

Bob Luddy is the Founder and CEO of CaptiveAire.

Read more here.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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