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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Thursday, March 08, 2012

How does one create socialism?

Reagan who, in 1961, observed that “One of the traditional methods of imposing statism or socialism on a people has been by way of medicine. It’s very easy to disguise a medical program as a humanitarian project.”

China did it by seizing all private property in the 1950's. Within a few years, China was struck by a devasting famine, that was caused, many contend, by a compelte change in incentives. Why work if one does not benefit?

However, as we know, incentives is what creates wealth. Reagan still exists as the simple man that understood intellectually that socialism not only does nto work,but is remarkably destructive....

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