X.3: Problems with Capitalism

Socialism and communism have always led to economic failure, but there are problems with capitalism as well. For example, competition makes capitalism work. But at the same time every capitalist seeks to eliminate his competition. In other words, if a company grows without bounds, it will eventually destroy its competitors. And there are other problems … Read more

X.2: How are Capitalism and Socialism Different?

A CEO in a television interview once said that government must prevent corporations from becoming too big because capitalism is so efficient. He said that government must control corporation size because otherwise, we’ll all eventually be working for the same man. Ironically, he implied that unregulated capitalism and socialism end up with the same results … Read more

X.1: Capitalism, Socialism, and Communism

What are the Merriam-Webster definitions of capitalism, socialism, and communism? Capitalism: an economic system characterized by private or corporate ownership of capital goods … [and] by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Socialism: a system or condition of society in which the means of … Read more

III.3: Legal Corruption

Would a truly wise person even want to run for political office today? In a previous post, I said that a wise person would desire a solid and comfortable income. And I described how that is different from the ridiculous wealth that most politicians are able to amass through their manipulation of insider information. Corruption … Read more

II.2: Liberty or Equality – a False Choice?

If you had to choose either liberty or equality for America, which would you choose? Of course, that begs a more important question: Do we have to choose between them at all? Do we even have to compromise between them? I argue that this is simply another way of looking at the false choice between … Read more

I.3: American Society’s Most Fundamental Needs

Humanity’s biggest problem is human nature. But humans cannot change human nature. So, to meet American society’s most fundamental needs, we need a government that restrains our nature. And compared to history, our government does a marvelous job of that. But by any absolute standard, our government fails to stop corruption. That tells us that … Read more