Capitalism 11 - Socialisms Appeal to Voters, Business and Govt

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If socialism is so bad, why is it so widely advocated and adopted? There are many reasons. First, in democ...
If socialism is so bad, why is it so widely advocated and adopted? There are many reasons. First, in democratic countries politicians promise education, health care, jobs, housing, mass transit and many other benefits to be paid by taxes on the wealthy. Second, ironically business people are among the worst enemies of capitalism. Almost every business--doctors, lawyers, barbers, farmers, realtors, taxi drivers, car and steel manufacturers--form lobbying groups that petition state and federal legislators to reduce competition. The American Medical Association, for example, has been hugely successful at increasing doctors' incomes and the cost of health care by restricting competition with licensing laws and excessive and largely irrelevant educational requirements. As long as business people can create barriers to competitive entry to their business or profession, through laws such as tariffs, licensing, educational requirements and design requirements, the scope of government will continue to expand. Third, it is the nature of government bureaucracies to grow and expand and to resist fiercely any attempt to restrict their growth. As James Madison said, governments turn "every contingency into a resource for accumulating force in the government." Once established government programs are very hard to abolish.
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