Governments don’t produce wealth. If this were not true, why do governments collect taxes? Why don’t they just pay their bills out of the wealth that they have produced? The fact is that all governments, from the very first, consume wealth. Everything that the government does, even if necessary or important, is consumption.
Prior to the 18th century, all Governments acquired wealth by invasion, conquest, enslaving the conquered, various forms of subjection (serf, vassal,…Continue
Webster's Ninth New Collegiate Dictionary defines socialism: b: a system or condition of society in which the means of production are owned and controlled by the state. (Emphasis mine. )
Production controlled by the state, or socialism, has been around for as long as there have been governments. The taking of the fruit of the labors of those that are productive and giving it to those who are not is the method by…Continue