|Garry Kasparov, 2007|
I'm enjoying the irony of American Sanders supporters lecturing me, a former Soviet citizen, on the glories of Socialism and what it really means! Socialism sounds great in speech soundbites and on Facebook, but please keep it there. In practice, it corrodes not only the economy but the human spirit itself, and the ambition and achievement that made modern capitalism possible and brought billions of people out of poverty. Talking about Socialism is a huge luxury, a luxury that was paid for by the successes of capitalism. Income inequality is a huge problem, absolutely. But the idea that the solution is more government, more regulation, more debt, and less risk is dangerously absurd.I have nothing to add to that.
Fortunately, Mr. Kasparov has more, writing a follow-up in The Daily Beast. Here's a (very) small taste:
A society that relies too heavily on redistributing wealth eventually runs out of wealth to redistribute. The historical record is clear. It’s capitalism that brought billions of people out of poverty in the 20th century. It’s socialism that enslaved them and impoverished them. […] Once you give power to the government it is nearly impossible to get it back, and it will be used in ways you cannot expect.Stay safe.
[Hat tip: Legal Insurrection]