Stubborn allure of socialism despite its abject failures (Temba Nolutshungu, Free Market Foundation, FMF) South Africa01.Jan.2020
Temba Nolutshungu, Director of The Free Market Foundation, FMF, South Africa: Mohandas ‘Mahatma’ Gandhi (1869-1948) referring to socialism and communism poignantly stated: “I look upon an increase of the power of the State with the greatest fear, because while apparently doing good by minimising exploitation, it does the greatest harm to mankind by destroying individuality, which lies at the root of all progress.” Ultimately the struggle is between the claims of ideology and the human instinct of individual liberty, which is the basis of a spontaneous, natural order. Socialism persists in attracting ideologues despite its abject failures because the benefits of individual liberty are not properly understood.
John Eidson, electrical engineer: Fed a constant diet of economic lies by anti-capitalists in our society, the millennial generation has been conned into believing that the wealthy get rich only by stealing an unfair slice of America’s economic pie. By taking more than their fair share, the theory goes, greedy corporate CEOs leave little but crumbs for everyone else. Such thinking is referred to as the zero sum theory of economics: that there is only one finite-sized pie to go around. In truth, America does not have a finite economic pie. Rather, it has a virtually unlimited supply of ever-evolving economic pies of varying sizes waiting to be made by enterprising people from every race and every income group.