Socialists masquerade as the "saviours of the poor". They apparently have a "human face".
This is falsehood and sheer hypocrisy. For well over 60 years we have seen how pathetic the socialists are – unable even to remove poverty, leave alone educating our children and looking after the health of the people.
And yet, for some reason classical liberals (the votaries of capitalism) are supposed to "sugar-coat" their message.
The truth is that classical liberalism already has plenty of "sugar coating".
I've GUARANTEED the ELIMINATION (not just alleviation) of poverty within three years of the reforms taking effect (through a negative income tax model).
I've also guaranteed HIGH QUALITY school education for everyone, and appropriate social insurance premiums for the poor for them to be able to access high quality health care.
In addition, corruption will be brought down virtually to zero (that will be the hardest to remove, but when the government steps out of many of its current activities and pays the few remaining people who are left, very well, then the incentives will significantly shift against corruption).
It is important that India begins to understand this: that socialism is ALL TALK NO RESULTS (- except corruption and poverty).
Socialism SIMPLY CAN'T remove poverty, it can't educate our children, it can't ensure the health of the people.
It failed to do so in N.Korea, in China, in USSR. AND INDIA FOR 64 YEARS. It simply can't.
On the other hand, classical liberalism (capitalism) is based on the theory (and practice) of INCENTIVES. It works because it is SCIENTIFIC.
India can't get to where it wants to get, without changing its mindset. A mindset that PRAISES socialism despite its REPEATED AND ENDLESS FAILURE is surely worth changing! How long can you keep doing the same stupid thing and expect better results?
It is time that those who praise socialism to the sky start reading BASIC economics. They can begin by reading BFN.
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