One could argue that the Left has been using the very word ‘economics’ as an ‘econspiracy’ towards its objective of seizing the means of production.
As explained by Franck Zanu, host of the Zanu Project Rethink, “economics is simply a social science” which studies the mechanisms of supply and demand. But with socialist politicians promising to deliver ‘economic power’ to their constituents, he points out that there is no such thing: “It is not a tangible thing that anybody can ‘give’ anybody.”
Lamenting that most people do not understand the relationship between citizens and government, he warns that those who believe “that a government’s job is to give people economic power… are doomed forever.”
Worse, with socialist proclamations that the ‘top one or two per cent’ control 90% of a nation’s wealth, it is forgotten that, as Zanu explains: “the two per cent are not ‘controlling’ the economy – they created it.”
For New York mayor Mamdani to declare that “it is immoral and wrong that the top one tenth of one percent in this country own almost as much wealth as the bottom 90%” is to publicly announce his own immorality: “we must be unapologetic about our socialism… with its end goal of seizing the means of production.”
However, even as he and other global socialists promise economic rewards to some at the expense of others, their chosen examples being used to demonstrate the economic success of socialism, in fact, ironically demonstrate the opposite. From China to Africa to the Netherlands, where rates of outright poverty have been falling dramatically, the reality is that these nations accomplished this by becoming more free market oriented, not by “seizing the means of production.”
Some of the startling economic realities revealed by podcaster John Papola (Dad Saves America) include the following:
In China, the “successive waves of murdering came to an end.” Under the threat of continued state persecution, the Chinese people created their own markets and “pretended that they had private property.”
Sweden, once known as a ‘cradle to grave’ socialist nation, has embraced capitalism to the point where half of it health care clinics and hospitals are privately owned and operated, one in three high schools are private under a system of universal school choice, and its total social spending bill has shrunk to 24% of GDP, similar to the U.S. and below other European countries. The country also cut income taxes down to 52% from 90% while balancing its budget. “Sweden’s debt to GDP is a mere 36% compared to America’s 129%, and Sweden has more billionaires per person than in the U.S.”
Similarly, still socialist Denmark has nevertheless been operating on a market economy, while its president in 2015 proclaimed that “Denmark is far from a socialist planned economy” even boasting no minimum wage laws.
And while it would be unrealistic to say that any of these nations have embraced capitalism and abandoned socialism, it is clear that they have been taking steps in the Right direction – in the opposite direction proposed by America’s socialists.
But to grasp the nature of economics in a way that is Just Right, one must understand that a principle even more fundamental than the law of supply and demand is the fact that human beings have free will, and that the exercise of human free will is the only real manifestation of anything that could be called ‘economic power.’
