Posts tagged ‘Wage Gap’

July 8, 2018

Are We Ready to Scrap Capitalism for Socialism?

by lewwaters

The problem with socialism is that you eventually run out of other people’s money.” – Margaret Thatcher

Democratic Socialist of America

It seems many from the left have forgotten the lessons taught to us by history in regards to the old theory of a government based upon Socialism. Socialism is described by a dictionary definition as, “a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”

The wording actually sounds fairly nice and manageable, but the reality is what has been intended since long ago by Karl Marx and the Marxist theory is, “a transitional social state between the overthrow of capitalism and the realization of communism.”

Those advocating socialism often lecture us as to how fair it is, how we are all equal and we have equality in prosperity and life, escaping the bondage of capitalism where they claim only the wealthy ever prosper from the labors of the poorer workers.

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