The following articles on Barack Hussein Obama (BHO) appeared earlier:
June 15: On Being Dumb
June 30: On Being a Liar
July 15: On Being a Racist
July 31: On Being Nasty and Arrogant
Is Barack Hussein Obama (BHO) a capitalist, socialist, or communist, or does he embrace some combination of these three economic systems? The Rev. Al Sharpton has proudly proclaimed that BHO is a socialist. I believed BHO is a cross between a socialist and communist. I know that I, like most readers, believe in capitalism.
I think it is important to first set the ground rules and describe the above three terms, keeping on capitalism.
Capitalism is based on the concept that people are rewarded for their labors, socialists feature nonproductive, lazy individuals who are provided almost everything for free. Capitalism helps ensure that individuals will be rewarded no better than they deserve. Thus, in this system, all individuals can better their economic state; a process that does not prevent another from creating (and possessing) wealth. It helps ensure the survival of the individual in terms of his success and wellbeing. The system has created more wealth and opportunity for more people than under any other economic system. Ultimately, it encourages success and discourages the basic tenets of socialism. As I have said in the past, give someone a free lunch and they will eat today, but provide opportunity and the individual will eat indefinitely.
Socialism, ultimately, will lead to a self-indulgent, degenerate society; most individuals will become useless freeloaders. Socialism demands state ownership and control of the fundamental means of production and distribution of wealth. It specifically advocates nationalization of natural resources, basic industries, banking and credit facilities, and public utilities. It also advocates state ownership of most corporations.
Communism is a system that has repeatedly failed, and will continue to fail until the makeup of man changes. The terms socialism and communism were once used interchangeably. However, communism, in accordance with Karl Marx, advocates the abolition of capitalism and all private profit-by means of violent revolution if necessary. Lenin later defined a socialist society as on e in which the workers, free from capitalist exploitation, receive the full product of their labor. In a general sense, communism is a term used to describe an economic system in which the major resources and means of production are owned by the community rather than by individuals. Ideally, such societies provide for equal sharing of all work, according to ability, and all benefits, according to need.
In any event, here is more from my socialism/communism file:
BHO: “When you spread the wealth around, it’s good for everybody.”
FACT: These are his words. I could close the case here—he is either a socialist or communist, or both.
BHO: “What is good for all Americans.”
FACT: He has attempted to condition Americans into surrendering their personal desires and happiness to the needs of the government in order to serve the common good.
BHO: “We are exceptional.”
FACT: Not really. He believes that this is a nation that exploits, that it is a nation of the haves and have-nots, and where one, the wealthy, can succeed and the poor can only fail.
BHO: “…fundamentally transforming the USA…”
FACT: What could he possibly mean if we are presently a capitalist state?
BHO: “I don’t begrudge people’s success and wealth. This is part of the free market system.”
FACT: This has got to be a lie.
BHO: Continues his attack on “millionaires and billionaires.”
FACT: I never heard a capitalist attack the rich.
BHO: “We are no longer a Christian nation.”
FACT: I never heard a capitalist attack the religious.
BHO: “I don’t want government bureaucrats meddling in your healthcare.”
FACT: Isn’t that what BHO’s healthcare plan is all about?
BHO: Nancy Pelosi offered this comment: “We need to work toward this goal of equalizing income and at the same time limiting the amount the rich can invest.”
FACT: BHO offered no rebuttal to this pure unadulterated socialist statement.
He is certainly not a capitalist. He simply doesn’t believe in capitalism. Perhaps he is a theologist; or maybe something else. Apparently, the rich prevent others from becoming rich. Any reader aware of anyone in the U.S. who prevented someone from getting rich?
Lou Theodore
NEXT POSTING: “On Being an Egomaniac,” August 31st
FOLLOWING POSTING: “On Being Lazy,” September 15th
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