Tuesday, October 21, 2008

The Red Devil

I'm so tired of people demonizing Obama's economic policies as Socialist. I'm not sold on the idea of them being socialist, but what would be so bad about it if they were? People seem to have an immediate negative reaction to socialism without even considering what they're really afraid of. Have they considered the benefits it could bring that capitalism would not?

First of all, America's economy does not run on pure capitalism anyways. Our government constantly intervenes to guide it in a desired direction (think bail out).

There are also some things I don't approve about capitalism. For instance, capitalism runs on the principle of supply and demand, and sometimes we want stupid things. Observe:

Now this picture seems a bit exaggerated, but it still serves a valid point. Entertainment drives profits, not education. Public goods go poorly funded while sports stars make millions. Capitalism is failing our education system.

All that I ask is that you take the time to think critically about an economic policy (or whatever) before you demonize it solely on the grounds that it's socialist.

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