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A Business Lesson for Socialists

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
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If The Jacobin correctly portrays socialist beliefs, there are a bunch of really screwy individuals running around our nation.... Democrats really need to know what they are signing up for.

https://www.realclearpolitics.com/articles/2018/08/17/a_business_lesson_for_socialists_137818.html

As a career academic who teaches entrepreneurship, I am very familiar with the anti-business sentiment that pervades so much of higher education and the public discourse about policy in this country. It is a spreading plague grounded in infuriating ignorance.

So when I run across articles like "A Time to be Bold," in Jacobin magazine, I want to pull my hair out.

The article, proclaiming the advantages of socialism over capitalism, features sweeping generalizations like these:

--"Capitalism is the chief source of human suffering today and a system that promotes the worst of human behaviors."

--"Because a small number of people own the productive assets of society, most people have to seek out these businesses for work."


--"Socialists believe that people should care about and care for each other. Capitalist markets, on the other hand, divide."

The authors insist that society's ills can be resolved with state ownership of all private property, redistribution of all wealth and collective decision-making about what to build, make, produce and sell.
 
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