The Occupy Wall Street movement, the green movement, political parties, and unions have all been pushing the ideas of socialism both in Canada and America. Even though the majority of them do not flat out call it socialism. It is.
The idea that capitalism is the problem has perplexed me for some time now. The dictionary definition of capitalism is:
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or
state-owned means of wealth.
It was this very idea that gave immigrants from all around the world. A desire to come to America in the 1800′s and early 1900′s. The idea of the American dream.
But now over 100 years later, it has become very evident that we do not live in a capitalist system (especially after the bailouts). What we have lived under is called corporatism, and the dictionary definition of this is:
the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction
The Federal reserve bank in America posing as a federal government institution, and the Canadian banking system allowing privately own banks to create our currency is a direct example of corporatism.
The revolving door policies that many people complain about, are more of an indirect example of corporatism.
Donald Rumsfeld and Aspartame.
Rumsfeld served as the 13th Secretary of Defense from 1975 to 1977 under President Gerald Ford, Rumsfeld was a four-term U.S. Congressman from Illinois (1962-1969), Director of the Office of Economic Opportunity (1969-1970), Counsellor to the President (1969-1973), the United States Permanent Representative to NATO (1973-1974), and White House Chief of Staff (1974-1975).
After leaving “public service” Rumsfeld held the position of chairman with G.D. Searle. A company owned by Monsanto. The FDA had actually banned aspartame. Only to have Rumsfeld vow to “call in his markers” to get it approved.
And approved it was. Making Monsanto, and Rumsfeld millions of dollars, even while he was secretary of defense under the Bush cabinet (2001-2006).
The solutions being brought forward by the variety of groups (advocacy and political) are socialist by nature. Increased taxation on middle/upper class people, government subsidized education (“free”), A one wage fits all approach for workers, etc.
Dictionary definition of Socialism:
1. Compare capitalism an economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually,
by government determination of investment, prices, and production levels
2. any of various social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system
3. (in Leninist theory) a transitional stage after the proletarian revolution in the development of a society from capitalism to communism: characterized by the distribution of income according to work rather than need
In a perfect world Socialism would be an ideal choice. But in reality, I’ll stick to the motto “if it seems to good to be true, chances are that it is not”.
Simply handing more power and control over to the very same corrupt government lacks any kind of common sense.
History has shown us time and time again what happens under socialist regimes. I do not have to go into detail to explain this. I will simply list some of the socialist governments, and you can draw your own conclusions of the “success” that socialism has brought the people under it.
People’s Republic of China
Lao People’s Democratic Republic
Socialist Republic of Vietnam
German Democratic Republic
Czechoslovak Socialist Republic
Cooperative Republic of Guyana
People’s Republic of Bangladesh
Socialist Republic of the Union of Burma
Republic of Bolivia
People’s Democratic Republic of Algeria
These are just a few examples and a must larger list can be found HERE
Can you honestly say that any of these countries have amassed great wealth and prosperity for their people? Or is it the direct opposite?
So if socialism is not the answer to the problems, what is?
In my opinion, returning the western nations to a true capitalist structure would be a great start. Separate the government from the corporations. Nationalize the federal reserve, and restore the bank of Canada.
Create laws and punishments, restricting government lobbying, and end the “revolving door” between politics and business. No more government bail outs, no more government subsidies in the banking industry (or any other).
In short. A true capitalist economic structure is the answer to the severe issue’s that we face. Not the problem.