Finding the Middle Road

Some Progressives today argue passionately in favour of Socialism. What are they thinking? There has been a recent trend by the progressive left to promote Socialism as the antidote to rampant Capitalism. Socialism and Capitalism are not political ideologies, they better described as are ideologically driven economic systems. Free Market Capitalism is a self-ordering system that allows each individual who generates value to be rewarded according to their skill and ability. Socialism is a State imposed levelling system that takes the production of all and distributes it as the State deems appropriate or necessary. The difference is best illustrated in the writings of Karl Marx and Ayn Rand. Marx was arguing for absolute State Economic control, and Rand argued for no State interference in the Economy. When the Progressive Left insist we need to try Socialism again they the fail to recognise what the inevitable outcome of absolute power is. So t...