http://www.nationalreview.com/article/436022/bernie-sanders-fans-dont-bother-think?target=author&tid=900925

Testing easy assumptions against facts reveals uncomfortable truths. Socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.

While throngs of young people are cheering loudly for avowed socialist Bernie Sanders, socialism has turned oil-rich Venezuela into a place where there are shortages of everything from toilet paper to beer, where electricity keeps shutting down, and where there are long lines of people hoping to get food, people complaining that they cannot feed their families. With national income going down, and prices going up under triple-digit inflation in Venezuela, these complaints are by no means frivolous. But it is doubtful if the young people cheering for Bernie Sanders have even heard of such things, whether in Venezuela or in other countries around the world that have turned their economies over to politicians and bureaucrats to run. The anti-capitalist policies in Venezuela have worked so well that the number of companies in Venezuela is now a fraction of what it once was. That should certainly reduce capitalist “exploitation,” shouldn’t it? But people who attribute income inequality to capitalists’ exploiting workers, as Karl Marx claimed, never seem to get around to testing that belief against facts — such as the fact that none of the Marxist regimes around the world has ever had as high a standard of living for working people as there is in many capitalist countries.

Facts are seldom allowed to contaminate the beautiful vision of the Left. What matters to the true believers are the ringing slogans, endlessly repeated. When Senator Sanders cries, “The system is rigged!” no one asks, “Just what specifically does that mean?” or “What facts do you have to back that up?”

Facts are seldom allowed to contaminate the beautiful vision of the Left. In 2015, the 400 richest people in the world had net losses of $19 billion. If they had rigged the system, surely they could have rigged it better than that. But the very idea of subjecting their pet notions to the test of hard facts will probably not even occur to those who are cheering for socialism and for other bright ideas of the political Left. How many of the people who are demanding an increase in the minimum wage have ever bothered to check what actually happens when higher minimum wages are imposed? More often they just assume what is assumed by like-minded peers — sometimes known as “everybody,” with their assumptions being what “everybody knows.” Back in 1948, when inflation had rendered meaningless the minimum wage established a decade earlier, the unemployment rate among 16- to 17-year-old black males was under 10 percent. But after the minimum wage was raised repeatedly to keep up with inflation, the unemployment rate for black males that age was never under 30 percent for more than 20 consecutive years, from 1971 through 1994. In many of those years, the unemployment rate for black youngsters that age exceeded 40 percent and, for a couple of years, it exceeded 50 percent.

The damage is even greater than these statistics might suggest. Most low-wage jobs are entry-level jobs that young people move up out of, after acquiring work experience and a track record that makes them eligible for better jobs. But you can’t move up the ladder if you don’t get on the ladder. The great promise of socialism is something for nothing. It is one of the signs of today’s dumbed-down education that so many college students seem to think that the cost of their education should — and will — be paid by raising taxes on “the rich.” Here again, just a little check of the facts would reveal that higher tax rates on upper-income earners do not automatically translate into more tax revenue coming in to the government. Often high tax rates have led to less revenue than lower tax rates. In a globalized economy, high tax rates may just lead investors to invest in other countries with lower tax rates. That means that jobs created by those investments will be overseas. None of this is rocket science. But you do have to stop and think — and that is what too many of our schools and colleges are failing to teach their students to do. — Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. His website is tsowell.com. © 2016 Creators Syndicate Inc.

Read more at: http://www.nationalreview.com/article/436022/bernie-sanders-fans-dont-bother-think?target=author&tid=900925

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What a load of dribble.
What right has anyone to claim all humans don't deserve basic rights, like a fair income, shelter, a full stomach, and a decent and free education.

Bottom line ... No human was asked to be born and so shouldn't have to beg.

____ wrote on Jun 6^th, 2016 at 2:21pm:



And don't forget a low cost quality electrical system. Something that the UN and agencies IMF and World Bank seek to deny. Trying to force those countries that still se dung fires for cooking and heating onto green energy.

lee wrote on Jun 6^th, 2016 at 2:26pm:



The cost of climate collapse renders fossil fuel as illogical.
This is why the fossil fuel sector spends so much to finance denial of climate science.

____ wrote on Jun 6^th, 2016 at 2:30pm:



Then quote science and not psycho-babble.

Aussie, wrote on Jun 6^th, 2016 at 2:30pm:




Personal attack so early. If you can't defend your position, silence may be you best friend.

Reality is, the current position is unsustainable.
Capitalism is a pyramid scheme.
Money is created out on debt.
And capitalist pretend debt is bad.

Hows that for a loopy position.

Hard Right Capitalism is a crime against humanity.

____ wrote on Jun 6^th, 2016 at 2:36pm:



Still with the 97%? Do you know even the really left-wing Guardian has dropped the 97% consensus from its playbook? It just doesn't wash.

lee wrote on Jun 6^th, 2016 at 2:37pm:

Lies, filth and propaganda is all the regressive left have.