Every sentence that starts with “Truth is” usually ends in nonsense. I will try to explain why what I said does make sense.

In Feudal times Kings were dictators, but since then most Dictators have been Socialists: Hitler, Stalin and Mao are good examples. Even military Dictators such as Franco ran Socialist-style centrally planned economies rather than Capitalist Free Markets.

In Feudal Systems 80% of the wealth is owned by 1% of the population (Aristocrats). In Free Market systems the Middle Class grows and accumulates wealth: less than 40% of the wealth is owned by the top 1%.

In Socialist Systems 100% of the wealth is owned and controlled by the Party, and that wealth is continually eroded by the inherent errors in central planning.

See https://ourworldindata.org/global-economic-inequality

“You see the yearly disposable income for all world citizens in both 2003 and 2013. The increase in prosperity — and decrease of poverty — is substantial. The income cut-off of the poorest 10% has increased from US$260 to US$480 and the median income has almost doubled from US$1,100 to 2,010. Global mean income in 2013 is US$5,375.”

So in free market Capitalism the wealth grows and becomes more evenly distributed. Socialist Governments where they have the power to do so, always become Dictatorships, then always drive their economies into ruin.


I work in IT, Community volunteer interested in Politics, support Capitalism as the best economic system for lifting people out of poverty, Skeptical scientist.

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