There are basicaly two types of socialist policies. 'Pro-investment socialist policies', and 'Pro-consumption socialist policies'.
'Pro-investment socialist policies' create a return greater than the money put in it. For example, improved infrastructure benefits everyone down to the lowest blue-coller worker. For instance, Gen. Colin Powel in an interview said he didn't spend a cent on his college education. It's an one time investment by the government and the returns that benefit the country are greater in the long term. 'Pro-consumption socialist policies' are dangerous. They drain the treasury and bankrupt the country. You saw that in argentina where they simply distributed things to people, in the form of freebies and populist policies. The country became bankrupt and the military took over. You know the routine. Socialism is the good cop, capitalism is the bad cop. You need both to run the show. Both, Marx and Market got it wrong. This is what economic commentator Gurumurthy has to say on this, Quote "Both Socialists and capitalists were wrong in thinking that big was fitter to survive and small had no chance. It proved that actually it was the other way round.Whether it is the free market US or the Socialist market China, it is small businesses that produce most jobs and sustain the economy. Now, see how Socialist theories destroyed family farms and tiny businesses. Chayanov Right, not Lenin In Russia and and China, which nearly fully Socialised their economies, those at the base of the pyramid were robbed of their economic activities. To illustrate, farm families lost their lands and self-employed, their jobs. Both were given government jobs. In Russia, Alexander Chayanov, a sensible Socialist, who argued family farming was more efficient and economic and protested against Socialising it, was first incarcerated by Lenin and finally shot dead by Stalin. Chayanov regarded family economics as distinct and different from both capitalist and Socialist. Several decades after Chayanov's death many economic thinkers of the world now see how right he was and how wrong both Socialist and capitalist economists were. While Socialist Russia had collectivised 80 per cent of its agrarian economy, in de-socialised Russia now, Dacha (household) gardens account for just 3 per cent of arable land, but grow an astounding 50 per cent by value of the food eaten by Russians. Government statistics (2000)say 35 million plus families (71 per cent of Russia's population) engage in Dacha gardening which provide 92 per cent of Russia's potato, 77 per cent of vegetables, 87 per cent of berries and fruits, 59 per cent of meat and 49 per cent of milk. This is neither Socialist nor capitalist. Just family economics." unquote --- <noozguru@...> wrote : Billionaire Cartier Owner Sees Wealth Gap Fueling Social Unrest http://www.bloomberg.com/news/articles/2015-06-08/billionaire-cartier-owner-sees-wealth-gap-fueling-social-unrest http://www.bloomberg.com/news/articles/2015-06-08/billionaire-cartier-owner-sees-wealth-gap-fueling-social-unrest I suppose there will be some here who see this as "Marxist Claptrap". :-D
