An excellent observation on a post at FrontPage - they are talking about California's program of bailing out illegal aliens and how that program is failing. This was in the comments section:
Because the Left does not know how to achieve global equity by raising the bottom up, only by bringing the top down.
That is an excellent observation!
When a leftist discusses economics they love the pie chart. They moan about inequality. They want to decide who gets a piece of what. They assume the pie exists. They ignore the baker who made it. The conservative more often will understand that the production of pie will produce pie every day. The Left wants to loot the bakery.
The Left- wealth exists.
The Right-wealth is created by someone willing to do the work.
If only people understood that socialism does its thing by lowering the standard of living for everyone, (except the new owners of the bakery). The self righteous Socialist feels good about his destruction.
And It doesn't take long before there is no pie for anyone.
Absolutely - this is one of my favorite topics as it is the basic flaw that underlies all of Karl Marx's writings - that the pool of capital is fixed and social inequality is a direct result of this pool being unequally distributed. Marx was unable to see that capital is fungible. It can be created. It can be destroyed. When you look at the foundational planks of Communism and Socialism, they are deeply flawed and based on hand-waving theories that make no sense in the light of day and have zero bearing in reality.
Capital created? A single mom created a multi-billion industry out of thin air.
Capital destroyed? The Bear Stearns bank collapse of 2007-8. Where were the trucks? Six or seven billion dollars disappeared. Who hauled it away? This was capital being destroyed.
Single mom? Harry Potter
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