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Capitalism vs. Socialism

The initial usage of the term "capitalism" in its modern sense has been attributed to Louis Blanc in 1850 (" What I call 'capitalism' that is to say the appropriation of capital by some to the exclusion of others") and Pierre-Joseph Proudhon in 1861 ("Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labour"). This was however a miscarriage of language that needs to be called out. Capitalism - Most people have capitalistic traits. We want to get rich with our labor, earn a profit on trade or be compensated for advice. Others are willing to rob banks, bribe the bureaucracy, accept bribes in the bureaucracy or become lavish dictators of the poorest countries.  The harm from unbridled capitalism is well alluded to in the literature. But what is the best means to tame and bridle this selfish tendency? I would propose that the Free Enterprise system ...
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The Fruit of a Poisonous Tree

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'Fruit of the poisonous tree' is a legal metaphor in the United States used to describe certain evidence that is inadmissible in court because it was discovered during an illegal government operation. The logic of the terminology is that if the source (the "tree") of the evidence is tainted, then any evidence gained (the "fruit") from it is tainted as well. This terminology would also be apt to describe our health care system. There have been mistakes made in the past , such as exclusion of health insurance premiums from the income of the beneficiary, that are clearly arbitrary and unjustifiable. Accordingly, our health system today is a poisonous tree because it incorporated this sin early on.  While this original sin persists, no matter how we tend to our healthcare system, the fruits that it bears will lead to heart ache for consumers and the general population. It is for this reason that attempts to legislate 'Price controls', ...
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Introductory Article

Democracies are not Meritocracies. And when the voters make indiscriminate economic decisions, disaster often ensues - consider Venezuela for example. Let us first try to clarify our subject. The wikipedia definition of economics is as follows :  'the social science that studies the production, distribution, and consumption of goods and services' Somethings can be pointed out here - our primary focus should be on how goods and services are made available to people (money is at best a secondary concern). You will find, as you browse through the various articles here that we will fall back on our definition often.  This website is intended for the democratic voter to give them at least a basic grounding in how economics work, so that they may make sound decisions and avert disaster in their countries. I thank you for visiting and welcome you. All feedback is greatly appreciated and is best left as a comment for me to review. So lets get started!
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