Are We Seriously Debating Capitalism vs. Socialism Again?
Excerpt: Myth is right, and it was too much for Michael Bloomberg, who called him out for favoring socialism in a country in which the most famous socialist owns three homes. To be sure, to someone like Sanders, there is nothing contradictory here. The dictatorship of the proletariat always needs a vanguard elite to channel the interests and energies of the working classes; it stands to reason that they should live well, in this way of thinking. Such has it always been. Socialism is a movement not of the working classes but of the elites, born of arrogance, snobbery, and preposterous pretense, kept alive not from lived experience but the astonishing capacity of an ideologically soaked brain to live in denial of reality. But what about this term capitalism? The case against it as a description of the market economy is that it was an invention of the Marxists, and for a reason: it was supposed to describe an economy ruled by the capitalists. In fact, capitalism is nothing more than the working out of the advanced stage of a society that respects private property, peace, and freedom of association and trade. It is not an imposition or even a system; it is a description of what happens when violent actors bow out of the process of social evolution. [I added emphasis. Ron P.]