The only thing which works is Capitalism & Economic Growth.
In practice, socialism didn’t work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.
In practice, socialism didn’t work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.
https://twitter.com/saket71/status/1396666344339251202
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries
And that is bound to happen coz, in Capitalism, the risk is disproportionately born by one who is bringing the capital, and we should celebrate
And that is bound to happen coz, in Capitalism, the risk is disproportionately born by one who is bringing the capital, and we should celebrate
America’s abundance was created not by public sacrifices to ‘the common good,’ but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.
They did not starve people to pay for US’s industrialisation. They gave people better jobs, higher wages & cheaper goods with every new machine they invented,
with every scientific discovery or tech advance—and thus the whole country was moving forward and profiting, not suffering, every step of the way.
And this is what we need in India, more enterprises, more entrepreneurs, and a society that backs risk taking and a society which celebrates failures
As we’ve learned from countless examples throughout history, including now Venezuela, the main difference between capitalism and socialism is this: Capitalism works.
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