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Food For Thought: Socialism Disincentivizes

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Socialism is collectivism.

Christopher-LemieuxSMBullion.Directory precious metals analysis 11 November, 2015
By Christopher Lemieux
Senior Analyst at Bullion.Directory; Twitter @Lemieux_26

We live in a world where incentives to work hard and produce are disappearing. Politicians and bureaucrats deem that if one’s wealth is too excessive – a product of production -then it should be taxed and given to those considered less fortunate.

Professor Mike Adams, UNC-Wilmington, made headlines last week as he welcomed his new class with a speech that eloquently describes the sad wave of political correctness and collectivism that has overtaken the United States, especially on college campuses.

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I then came across a video where Adams crisply and concisely lays out why socialism will never work because it disincentives individuals to compete and produce. In a world where everyone is “equal” and placed under an artificial ceiling there is no will to want to achieve more.

Here Adams discuses socialist principles when applying it to college grade point averages:

 

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

-Winston Churhill

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