Socialism works for a while (while borrowing from the future) - so they get the satisfaction of telling Posted: Oct 13th, 2018 - 2:38 pm In Reply to: How Living Two Years Under Socialism Made Me - A Capitalist
everyone else that it works (until it doesn’t).
I know it is a popular talking point but economics doesn’t really work that way. Just like you can’t travel to the future you can’t borrow from it either.
How it really works is that capital (money) is diverted from where it would otherwise go (productive areas) to where the politicians want it to go (social welfare programs).
This continues until the economy has been so crippled by the diversion of resources to unproductive uses that it can no longer support the social welfare state and the economy falls in to decline.
The "mortgaging our children’s future’"meme also has its counterpoint on the Left "investing in our children’s future" when referring to things like government subsidized education.
Both are rhetorical tools that are somewhat misleading. Money exist in the now. It can not be taken from the future and used in the now. If you use it in this place you are not using it somewhere else.
I could have put this under some of the posts below about the "modern monetary theory" or MMT, because that is really just another form of TARP and making money out of noting, and you know how the song goes about nothing from nothing means nothing.
LINK/URL: Socialism works for a while (while borrowing from the future)
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