http://www.michaeltotten.com/2010/03/tw ... tyrant.php
I'm not sure if there are many people who would be interested in this, but that being said, I thought this was a very interesting and insightful read, and I wanted to share with you all, in case you have any interest in Eastern Europe, the effects of communism, etc. Enjoy
I enjoyed that Communists in the West part, it was hilarious and yet sadly true.
People who admire(d) the communists never had to live under their rule.
Communism makes a lot of sense when you're sitting around a table with a bunch of psuedo-intellectuals you met in your 2nd year Poly-Sci class, the lot of you full of wine (and maybe just a little too much bong resin freshly added to the cerebellum). But you can't build a government on drunken Beatnik fantasy, good-intentions aside.
Altruism can't be imposed from the outside, it has to come from within. Everyone knocks the Americans for being free market fanatics, but they are also the world's biggest donors to charity. The free market system, like democracy, is the best system we have come up with to date. People who have money are the ones who donate money. Look at the billions that come from corporations.
A well-regulated and properly policed free market is a boon to society. An unregulated free market with the security guard (i.e. the United States government) caught napping is just an invitation to robber barons to come and fleece everyone. Robber baron capitalists and hardcore communists both have something in common in that neither of them possess even the slightest bit of conscience to prevent them from deliberately hurting other people. Just another example of how the ideological and economic fringes are usually populated only by sociopaths.
The key word you've employed, Thanos, is "policed". Friedman made it clear in "Capitalism and Freedom" that law enforcement, enforcement of contracts was essential to effective capitalism. He even knew that competetition must be enforced, which, of course, ran contrary to the Robber Baron era of the late 18th and 19th centuries. What we've learned, in the past two years, is that credit markets must also be regulated, as a component of successful capitalism.
Well, in a democratic society, rule of law is usually in place and that is what regulates the markets, protecting consumers, producers, employers and employees. China is proving to be an excellent example of free(r) markets unregulated by rule of law.