Economics 2

Why do you think Socialism doesn't work? The response to this question is quite simple, yet many people simply don't understand this. If you haven't realized, we live in a fallen world. Sin is evident in our everyday lives. Socialism is an attempt to establish a utopia, or perfect society, by redistributing wealth so that everyone has the same amount, and makes the same amount. This of course elimates private property. Do you really think it is possible to establish a system where everyone makes the same amount and owns the same amount? This is impossible in a corrupt, sinful world that is filled with greed. Therefore, in this fallen world, Socialism will never be successful as it tries to create a heaven on earth.

In addition to the fact that Socialism is unsuccessful in a fallen world, the the system of everyone's jobs and earnings being the same lacks motivation. This is an economic system after all, yet if everyone made the same amount, their wouldn't be any motivation. For example, if a janitor earned the same amount as a doctor, then where would the motivation for the doctor be? Then essentially nobody would want to be a doctor because of the fact that it takes lots of schooling and education, and if your getting paid the same as a janitor, then why not just be a janitor? It's easier. People are not rewarded for how hard they work. Therefore, Socialsim is impossible as it lacks any motivation for those who live in Socialism.

Therefore, Solcialism is an economic system that is doomed for failure. Because we are sinful, and because Socialism takes away the motivation of its workers, this economic system will never be a success.

Economics 1

After watching this video, there are a few things that I would like to touch on. First off, Mr. Moore says that "Socialism is democracy." First off lets distinguish what socialism is. Socialism is "An economic system in which the ownership and operation of the means of production and distribution are controlled by the government..." (Noebel 354). Democracy, according to dictionary.com is "government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system." I would say that in response to his quote that this is a yes and no answer. Socialism is democratic in that it prohibits those from owning private property, leaving every man equal. Democracy does aim to keep each individual having equal rights. On the other hand however, I would say that socialism is not democracy. According to our definition of democracy, it states that "...the supreme power is vested in the people and exercised directly by them..." However capitalism is more democratic because it allows others to own their own business for example and make their own profit. Socialism is less lenient, therefore I don't think he can flat out say that socialism is democracy because it isn't completely.

Also, Mr. Moore states that "Socialism is Christianity..." This is not biblically accurate. Implying that socialism is Christianity implies that everything stated in the Bible is economically equal. There are many areas where the Bible talks about private property. For example, if God was against private property, then why would He give us the commandment: "Thou shall not steal?" By giving us this commandment, He acknowledges that private property exists, and that one should not steal from another. Later on, Mr. Moore talks about how we are now in the twenty-first century and that we should have developed an economic system by now that is morally right and equal in which no one owns more than another. This is trying to create heaven on earth. This will never happen on earth. We are all sinful, and our sinful natures cause us to want and not be content with what we have. He makes a good point, but we are never going to have an economic system like that on this earth.

Therefore, Mr. Moore has some truth to what he's saying, but I think that what he's saying isn't always true.