What is the Difference between Capitalism and Socialism?
By Larry Romanoff, October 18, 2019
Some aspects of the American style of competition become more clear when placed in a broader context, in this case the underlying socio-economic system, so let’s take a quick look at the difference between capitalism and socialism. For at least the past 100 years Americans have been taught to hate and fear socialism and socialist governments, without ever understanding what they were really against or why they were against it.
The situation is not different today, where any mention of socialism produces a flood of moral condemnation, yet few Americans could likely provide any coherent explanation of socialism or an intelligent discussion of its many presumed failings. Americans equate socialism with despots and tyranny, with fear and hunger in a brutal military dictatorship, a testimony to the power of propaganda and ignorance. US corporations were in the vanguard of this propaganda onslaught, but it was heavily supported by the government and media and, certainly not least, by the educational book publishers and America’s schools and universities.
For a century, US corporations, government agencies, and the media, filled the minds and hearts of Americans with fear of socialism and, having stoked that fear, defined for them the signs of socialism to be avoided at all costs. These signs included the government fulfilling its responsibilities in areas like health care, social security and education and providing national needs like electricity, transportation and communications, all presented to the people as “giving up your life and letting the government run it for you”. Government involvement in any segment of society or industry where big business and the elites could make a profit was defined as either socialism or communism and therefore treasonous to the basic religion of multi-party political Christianity.
