Learn more about capitalism, socialism
I am constantly surprised to learn how many of my fellow citizens, who express anger at anything they consider “socialism,” also do not understand capitalism, and actually support socialism when it is in their interest.
Let’s take gasoline prices as an example. Capitalism is supposed to set prices, in a free market, based on “supply and demand.”
When the supply is higher than demand, prices should fall, and when demand is higher than supply, prices will rise. Those higher prices should, ideally, cause the demand to go down and constrain price increases.
Right now, gasoline prices are rising because, as we come out of the pandemic, demand has increased faster than supply.
However, due to the need to drive to our jobs, it is harder to reduce demand for gasoline than it might be, for example, dining in restaurants. This lack of demand elasticity has also allowed the oil companies to make astronomical profits.
So, what have our politicians done? They have reduced sales taxes on gasoline, which is both an anti-capitalism, pro-socialism response, and will do nothing to reduce the demand for gasoline, while also allowing the oil companies to increase their prices and profits further.
In spite of this, those fellow citizens who also claim to be strong supporters of capitalism are not criticizing their governments for these anti-free market, pro-socialism tax reductions.
So, when I hear people complain about “socialism,” I will assume this may be just another hollow talking point instead of a sincerely held belief.
The alternative to Biden is frightening
History tells us that the party out of power typically gained seats in both houses in the off year’s elections, which occur this year.
Certainly, one can argue that the current inflationary woes, fear of covid, border issues and the war in Ukraine give us all pause to consider if the Biden Administration and Democratic controlled Congress are capable of dealing with these concerns.
Most importantly, however, we must ask the pivotal question: What is the alternative?
Personally, while I believe the Biden Administration and a Democratic majority in Congress are properly focused on addressing the country’s tough issues, I am convinced the alternative is downright frightening.
Today’s GOP is not your father’s Republicans or even that of the Bushes. The current brand has devolved into a cabal of liars, hypocrites, conspiracy theorists, opportunists, crooks and insurrectionists.
They have distinguished themselves as the party of “No,” offer no substantive legislative proposals, and fall in behind Donald Trump, who has been revealed to be a dangerous threat to our democracy.
I pray that a majority of Americans recognize the dichotomy that exists here and will vote accordingly.
Robert K. Corliss
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