Progressives argue that socialism is benevolent, while capitalism is based on greed and avarice. Actually, it’s the opposite.
Socialism is based on greed. Capitalism is based on meeting the needs of others.
In a capitalist society, consumers control the economy. They vote with every dollar they spend as to whether or not a business will succeed or fail. In a socialist society, individuals are focused on their own needs because they are competing for a limited supply of benefits that the government makes available.
Whether it is a food line or medical care, socialists are only concerned with what they get, not with the welfare of others. Socialists gain wealth by satisfying the needs of the government elite. The government elite control the economy, not ordinary people and not consumers.
Socialism focuses on the individual. Capitalism focuses on meeting the needs of consumers.
Keep watching #TruthStraightUp!
Burt Folsom is up next, explaining why minimum wage hurts wage earners: https://youtu.be/gWRERCs38oI
#TruthStraightUp continues with new episodes each week! Click the button above to subscribe to YAFtv and make sure you get notified when new videos are released.
Progressives argue that socialism is benevolent, while capitalism is based on greed and avarice. Actually, it’s just the opposite.
In a capitalist economy, you can only succeed by meeting the needs of other people, your customers. Consumers control the economy. They vote with every dollar they spend as to whether or not your business or your venture will succeed or fail.
In a socialist society, you’re focused on your own needs because you’re competing with everybody else in society to get the most you can for yourself from the limited supply of goods, services, and benefits that the government makes available.
Whether you’re in a food line or waiting for gas or medical care, you don’t care what the people in front of or behind you in that line get. You care about how you get the most for yourself. You do that by satisfying the needs of government elites. The government elites control the economy, not ordinary people, not consumers.
Socialism is really based on greed. Socialism focuses in on you. It’s capitalism that’s based on benevolence and meeting the needs of other people, your consumers, and the people that you live near.
Watch more #onlyatYAF videos every day! Click now to connect with us on Facebook: http://facebook.com/youngamericasfoundation