American Elephants


Words of Wisdom for a Monday by The Elephant's Child
April 1, 2019, 3:59 am
Filed under: Capitalism, Communism, Economics, Economy, Free Markets, Freedom, History | Tags: , ,

Historians inescapably both write with the benefit of hindsight and shape the stories they tell. So history always appears much tidier and more dramatic to the reader than the events depicted seemed to those who lived through them day by day. Human beings have to live with a future that is always unknown while enveloped in the fog of mere existence that can be as hard to penetrate as the far better recognized fog of war.
……………………………………………………………………..John Steele Gordon
……………………………………………………………………..An Empire of Wealth

In sum, Communism failed and is bound to fail for at least two reasons: one, that to enforce equality, it’s principal objective, it is necessary to create a coercive apparatus that demands privileges and thereby negates equality; and two, that ethnic and territorial loyalties, when in conflict with class allegiances, everywhere and at all times overwhelm them, dissolving Communism in nationalism, which is why socialism so easily combined with “Fascism.” In recognition of this reality, the Communist Party of the Soviet Union abandoned the slogan, calling on all proletarians to unite.
………………………………………………………………………Richard Pipes
………………………………………………………………………Communism, a History

We don’t have a “profit system” – we have a profit and loss system, and the loss is the important part because it is a signal that company is badly managed and needs to do something about it.
………………………………………………………………………Milton Friedman


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