My take on socialism is this: Socialism only seems to work when you don't fully implement it, when you keep enough capitalism around to pay socialism's bills, at least for a time. It's the difference between milking the cow and killing it. Socialism has no theory of wealth creation; it's just a destructive, envy-driven fantasy about redistributing it after something else (and somebody else) creates it first.I might just as well post two of my other two favorite comments on a similar topic:
The trouble with Socialism is that eventually you run out of other people's money.And:
- Margraet Thatcher
Government is the great fiction through which everybody endeavors to live at the expense of everybody else.Anything to add?
- Frederic Bastiat