Those who have been reading my blog for some time now, know that I am a person of 'slightly above' average intelligence; perhaps I slightly exaggerate. Okay, shall we not quibble but move towards the larger uncertainty? Why is it that many Americans believe that there is a distinct and hard-fast uncompromising position of the best economic system for our government and thus Capitalism always trumps a philosophy of Socialism. Relax! Before you rush to color me 'pink,' please hear my logic.
By simple definition: Capitalism is an economic system whereby people with some money can invest with the intention of increasing their investment into profit. This system affords a degree of privacy and great potential for personal financial gain or loss. By simple definition: Socialism requires available wealth to be pooled and then distributed according to need and the greatest benefit to society. It is not a prerequisite for a nation's economic well-being to place 'all eggs' in one basket.
Let me put this opinion front and center: I believe America operates very well under a 'mixed-economic' system...thank you! The wonderful 'go-for-it' riverboat gambling attitude of Americans has hundreds of thousands of success stories, which have in turn driven an economy allowing many people employment. Hooray for Capitalism! However, considering the many desired wants of those successful Capitalistic countrymen such as police and fire protection, the public library, a protective military, public schools, public transit, natural disaster relief, etc, etc. Well, I'll be , Praise the Lord and pass the tax collection plate (while Grover Norquist isn't looking) distribute some 'pooled money' and improve the interstate highways along with my Medicare. Hooray for Socialism!
I will concede the argument that many entitlement programs are 'out-of-hand' and must be addressed; however are you kidding me, an elected politician takes a 'vow' to never raise taxes during his/her tenure!
Believe that which you may; as for Mr. 'Slightly Above,' I'll take the Eclectic Economic System: I shall take the best of Capitalism and the best of Socialism and while I'm selecting, I shall try to remember to eat a little bit of veggies, little bit of fruit and not all meat.
"The greatest poorness is the lack of brains." (Arabic proverb)...oops, I hope I don't offend my Christian brethren with that proverb.
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