Socialism vs Capitalism in America
The tide of fear against Socialism is on the rise in America. At a time when the economy is so rough, why this debate over capitalism vs. socialism?
Michael Prysner a member of the Party for Socialism and Liberation explained that to him socialism means that the wealth produced by the society is put into the hands of those in need through housing, jobs, healthcare, education and other human needs.
In contrast, 2008 Libertarian Vice Presidential Nominee Wayne Allyn Root said socialism as a “way to destroy any economy in the world.” He described the system as theft via the redistribution of wealth, where money earned by one person is taken and given to others who did not earn it; “that’s theft”.
Over the past few years the debate over socialism vs. capitalism has raged in US politics and has been displayed in a negative light by the media.
“The big capitalists benefit from making socialism out to be evil because they are really the only ones who stand to lose anything,” said Prysner.
He argued that there is ongoing massive theft in America, but socialism is not to blame. Prysner blamed capitalists for the theft.
“The big capitalists are sealing from all these working families in this country. We make this country the richest country in the world, there is so much wealth here, and it’s all being sucked up by a tiny group of billionaires and their multi-millionaire puppets in Washington,” he said.
The massive government bailouts of Wall Street and the major banks is evidence of this theft and the corruption built into the Capitalist system.
Root contended that Socialism has never worked, explaining that in Cuba they have decided to fire most of the government employees. Around 500,000 government employees were fired and 500,000 may be fired soon.