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Throughout history there have been two basic forms of social organization: collectivism and individualism.

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Introduction

Throughout history there have been two basic forms of social organization: collectivism and individualism. In the twentieth-century collectivism has taken many forms: socialism, fascism, Nazism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism. In theory socialism is the morally superior social system despite its dismal record of failure in the real world. Capitalism, by contrast, is a morally bankrupt system despite the extraordinary prosperity it has created. Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the powers they have as the government to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft. Socialism's principals can be explained in 2 words: envy and self-sacrifice. Envy is the desire to not only possess, but to bring another's wealth down as well. ...read more.

Middle

Capitalism is the only, and I repeat, the only social system that rewards merit, ability and achievement, regardless of one's birth or status in life. Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. Capitalism is the only social system that rewards virtue and punishes vice. This applies to the business executive and the carpenter, the lawyer and the factory worker. But how does the successful entrepreneurial mind work? Have you ever wondered about the amount of time and the hard work the men and women who invented penicillin, the internal combustion engine, the airplane, the radio, the electric light, canned food, air conditioning, and playboy magazine? What are the characteristics of the successful entrepreneur? The entrepreneur is that man or woman with unlimited drive, initiative, insight, energy, daring creativity, optimism and ingenuity. ...read more.

Conclusion

If you think this is hyperbole, stop paying your taxes for a year or two and see what happens. In a free capitalist society individuals must choose for themselves how they will order their lives and the values they will pursue. Under socialism, most of life's decisions are made for you. Both socialism and capitalism have motivation programs. Under socialism there are built-in incentives to shirk responsibility. There is no reason to work harder than anyone else because the rewards are shared and therefore minimal to the hard-working individual; indeed, the incentive is to work less than others because the immediate loss is shared and therefore minimal to the slacker. Under capitalism, the incentive is to work harder because each producer will receive the total value of his production--the rewards are not shared. Simply put: socialism rewards sloth and penalizes hard work while capitalism rewards hard work and penalizes the sloths. Is that what YOU want? ...read more.

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