Wednesday, September 4, 2013
[1810 - Donald McKay, naval architect, born in Jordan Falls, Nova Scotia]
[1824 - Anton Bruckner, composer, born in Ansfelden, Austria]
[1846 - Daniel Hudson Burnham, architect, born in Henderson, New York]
[1908 - Richard (Nathaniel) Wright, poet, author, born on Rucker's Plantation, near Natchez, Mississippi]
[1918 - Paul Harvey (Aurandt), news commentator, born in Tulsa, Oklahoma]
[1919 - Howard Jerome Morris, comedian, actor, director, born in New York City]
[1928 - Dick (Richard Allen) York, actor, born in Fort Wayne, Indiana]
[1933 - Richard Salvatore Castellano, actor, born in the Bronx]
[1938 - Leonard Frey, actor, born in Brooklyn]
[1965 - Albert Schweitzer, Renaissance man, dies]
As we have now repeatedly seen, communism and capitalism make the same basic mistake about human nature. Neither takes full or adequate account of the human capacity for greed.
In the first case, communism, the mistake leads to excess concentration of wealth and power in government, widespread corruption, and gross inefficiencies in the allocation of resources. In the case of capitalism, the error leads to the concentration of wealth and power in the hands of a power elite, flagrant excesses in the private sector, corruption, and gross inequities in the allocation of resources. In either case the distortions in the economy produce severe hardship for the populace, and usually result in chaotic conditions often accompanied by civil unrest and violence, resulting in a breakdown in the rule of law and in regime change.
Sadly, the end-game for failed communist and capitalist states alike is a repressive regime led by one or more dictators.
William's Whimsical Words:
Guns and ammo are flying off the shelves in the USA almost faster than the manufacturers can make them, in spite of the fact that we already have enough firearms in private hands in this country to arm every man, woman and child. What do all these eager new gun owners know that I don't?
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