This “inconvenient history” of how individualism and capitalism changed the course of human events from its thousands-of-years of slavery to near universal human liberty, has been practically eliminated from college courses.
Everything the Marxists said about capitalism – exploitation of the many by a privileged few; a gross inequality of wealth and opportunity simply due to an artificial arrangement of control over the means of production; a manipulation of reality to make slavery seem as if it meant freedom – was, in fact, the nature and essence, of Soviet socialism.
According to the authoritative “Black Book of Communism,” an estimated 65 million Chinese died as a result of Mao’s repeated, merciless attempts to create a new “socialist” China.
Political, social, and economic life in the Middle Ages revolved around two sets of institutions.
The area in which the Ancient Romans did leave a body of thought, and one that has had lasting influence and significance for future generations, especially in the West up until our own time was in the area of law and contract.
Let us not forget that over the last hundred years virtually every form of collectivism has been tried – socialism, communism, fascism, Nazism, interventionism, welfare statism – and each has failed. There is only one “ism” left to fill this vacuum in the face of collectivism’s failures.
The Soviet nightmare of “socialism-in-practice” was over.
The recent vote within the United Kingdom to withdraw from the European Union has implicitly once again raised the issue of the right of self-determination through secession. In other words, do individuals have a right to determine under which political authority they shall live and have representation?
Too many in the older generation in America have lost their understanding of what freedom means and why constitutionally limited government is both necessary and desirable. And the vast majority of the young have never been taught in our government-run schools the ideas, ideals, and political institutional foundations upon which this country of ours was created.
Confusing The Political Corruption of “Crony Capitalism” with The Economic Freedom of Real Capitalism
The good name of “capitalism” has to be recaptured and restored, just as the good name and concept of “liberalism,” rightly understood, should be returned to the advocates of individual liberty and free enterprise.