Please note: This was originally posted in facebook by David Chaney as part of his drafts on “Thoughts On Liberty” as well as reposted to the BudBromely blog…
“Capitalism is the proven economic engine of freedom. Socialism is the failed economic hypothesis of collectivism.
The former requires private property ownership, protection of individual liberty, and free-exchange. The latter requires State or State controlled (crony) property, elimination of individual liberty, and centrally planned exchange.
The former has enabled the greatest opportunity and prosperity for the broadest numbers of people of all genres and classes in human history. The latter has destroyed opportunity, prosperity, and the lives of hundreds of millions of individuals throughout history.
The former works because it drives the motivation, responsibility and character of those who desire to gain the greatest value from their own efforts, leading to the greatest exchange of market signals and information, as well as, the greatest possible innovation, invention and productivity. The latter fails because it destroys the motivation, responsibility and character of those who desire to succeed to the best if their ability, leading to the destruction of market signals, economic calculation, as well as, the greatest plunder, tyranny and destruction in all of human history.
Don’t be a sucker who accepts the coercive and plundering lies of those promoting the latter for personal central planning crony gains. Believe in your own freedom and natural rights to own property, start businesses, self-determine, and freely exchange your property towards your own destiny.”
~ DM Chaney “Thoughts on Liberty” (Drafts)
If you’re not a word person and like tables instead…
|private ownership||State or State controlled (crony)|
|enabled the greatest opportunity and prosperity for the broadest numbers of people of all genres and classes in human history||destroyed opportunity, prosperity, and the lives of hundreds of millions of individuals throughout history|
|Motivation, responsibility, and character of those who desire to gain the greatest value from their own efforts…|
|Builds & drives the above providing…||Destroys the above leading to…|
|the greatest exchange||destruction of market signals, economic calculation|
|the greatest possible innovation: invention and productivity||the greatest plunder: tyranny & destruction in all of human history|
|own freedom & natural rights to…||accepts the coercive & plundering lies of those promoting socialism for personal central planning crony gains|
|freely exchange of own property|