"Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude." --- Alexis de TocquevilleI ran across this quote by de Tocqueville and thought it summed up my thinking on the matter pretty well. You may recall the post I wrote earlier on the differences between the values of the USA and France. In that post, although I did not identify American values as "democracy" and french values as "socialist" I believe that the two nations are good representations of the two groups de Tocqueville referred to. So here, I shall be more explicit. Though there seem to be a number of people in the US who despise capitalism and would much rather have mama government govern every aspect of our lives and punish those evil business people for being successful, I don't think that that's a very good track to go down. As we've seen in Europe and the US to an extent, socialism doesn't work. And for a good reason. Socialism punishes those who do well and rewards those who do poorly. As we all know, in general, things that the government punishes it gets less of and things that the government rewards it gets more of. Thus, since socialism rewards poverty and punishes the wealthy, socialism generates more impoverished people. Why go to work when you can live off the government? As time progresses, and more people chose to poverty, there are less wealthy people to pay taxes with which to fund the growing number of "poor" and the government itself becomes deeply in debt. At this point it must either ask a richer nation to subsidize its poverty or it must default on its loans and go bankrupt. Sound familiar? Of course, when the richer governments bail out the smaller ones, they only kick the can down the road and allow everyone to get deeper in debt, making the problem worse.
While equality of result may sound appealing to lazy bums like the ones "occupying wall street" (the ones protesting, of course) all it produces is equal bondage and poverty (except for the government, which grows good and fat off of the people). In other words, there can either be a large difference in income and resources, along with an equal chance to be one of the rich people, or there can be an entire society of people worse off than the poorest capitalist. I don't know which one is "fairest" (obviously I've argued for equal opportunity a number of times here) but I know which society I'd rather live in. In fact, I'm such an extremist that I like the idea that people who work hard are rewarded well and people who don't work hard aren't. Imagine that I even like having responsibility for my own actions! I'm so 19th century.