Politicians are once again concerned about “socialism” almost as much as they were about “communism” in days of yore. They predict bread lines in New York, no houses for anyone, and dust and empty shelves for all. Just as in the USSR, China under Mao, North Korea now. That economic vision (whatever it is) has been proved by history to fail .
Yet today, there are elements of socialism everywhere, as there are elements of capitalistic free enterprise almost everywhere. There are few bread lines, and few any worse than in the “food pantries” set up for the (more fortunate) indigent in the United States .
The fact is that none of these systems is as it once was. Socialism, communism, capitalism are all far different in current practice than their conceptions of 100 years ago. The ongoing industrial and information revolutions have changed economics mightily. A world of (at least temporary) abundance based on possible ecologic disaster fails to fit any of the classic patterns.
What is unfortunate is that every thinker with an ax to grind pulls out the old unvarnished philosophies instead of coming up with something new, positive, and relevant. Our current drift may sooner rather than later be disastrous .
HuntingtonHarborThoughts 