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by Tom Bombadil
Thu Apr 09, 2009 10:23 am
Forum: Gun and/or Self-Defense Related Political Issues
Topic: Conservative Socialist - Redistribution of the Weath
Replies: 13
Views: 2047

Re: Conservative Socialist - Redistribution of the Weath

Capitalism is a system of wealth redistribution also. For example, in the 1960's Sears was the number 1 department store and had a considerable amount of the wealth at its disposal. In 2000, Walmart was the number 1 department store, and had even more wealth at its disposal.

Who redistributed the wealth? The free market did. Why was the wealth redistributed? Because Walmart was more effective and efficient in providing what the people wanted. And if the market is left to work, someone with a better idea will come along and the wealth will again be redistributed to them.

The difference between capitalism and socialism is that in a capitalist system, the wealth is redistributed by the market...that's me and you, voting with our wallet to support those who do the best job in providing for our wants and needs. In socialism, a small collection of individuals makes the decision on who gets the redistribution. It has nothing to do with effectiveness, efficiency, or meeting the needs of society as a whole.

Both systems are availalble for exploitation and abuse, but the free market is better capable of dealing with the problems quickly and efficiently, while socialism is more institutionalized.

Capitalism allows for more risk-taking, and greater reward, while socialism discourages risk-taking, and therefore discourages creativity.

Capitalism promotes individuality, while socialism requires that everyone pretty much moves in lock-step. For example, in order for socialized medicine to have a chance to work, EVERYONE has to be in the system. If the wealthy, or healthy, are allowed to opt out, the system collapses.

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