Shakedown Socialism by Oleg Atbashian

Author:Oleg Atbashian [Atbashian, Oleg]
Language: eng
Format: epub
Publisher: Oleg Atbashian
Published: 2011-02-02T05:00:00+00:00

The same questions apply to a rigged economy. Tampering with the market not only breeds economic unfairness, but it endangers the only fair gauge of the true cost of things in the world. Without the open, transparent market, what becomes of the meaning of "fair price"?

In his inaugural speech, President Barack Obama famously declared, "We can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect." I share his concern, but I'm even more worried that his solution - redistributing unearned entitlements while restraining producers - is what caused the problem in the first place.

The global income gap has already devoured trillions of dollars in foreign aid over the decades, without any sign of improvement. If something isn't working for so long, any rational person would reexamine the theory behind it. Not the champions of equality, however. They continue to demand foreign aid with the moral smugness of someone who owns exclusive rights to the definition of "fairness." But there is a reason why aiding despotic quasi-socialist regimes has never resulted in a prosperous nation.

So far it has only resulted in a bizarre symbiosis between the self-righteous champions of "fairness" in the West and crooked Third-World authoritarians. The despots long ago figured out that "equality" is a great excuse to violate property rights, "fairness" is a license to abuse the law, "justice" legitimizes dictatorial rule, and "redistribution of wealth" allows looting. They have learned that foreign aid is their reward for doing all of the above while keeping the people hungry.

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