The Political Ideologies and Tyranny

The third world has had a socialism which hasn’t worked for very long. It must accept capitalism and allow market mechanisms to work and uplift people out of poverty. This is especially relevant to the countries of South America and Africa. Socialism was an intellectual fad in the twentieth century. Although with good intent it has never worked for people’s welfare. It’s more of a political idea that does not satisfy its own social goals. The apocryphal nature of existence should be understood and men and women should be allowed to work. Men and women should not be stopped from work, or in getting jobs or in starting businesses. Economic freedom is a necessity to sustain capitalism and individual freedom. Troubling men and women for basic precepts of life as jobs or starting a business was only witnessed under socialist regimes. The capitalism must be allowed to flourish and men and women given the due that they deserve. A person requires an income to sustain himself, and a family and a small apartment, if needed, unless one is not a property-holder which most men are under capitalism. The socialism as a system is more of a political ideology rather than a real political or economic system. It is mostly used to browbeat the shortcomings that capitalism has. The twentieth century had inimitably understood socialism, it didn’t work, the countries of South America and Africa, and even unconverted countries of Asia must allow capitalism to function in the prevalent century.

Capitalism has been used by China to become wealthy. Although a self-proclaimed socialist state it does not use socialist economic system to live up to its political expectations and raise its standard of living. It uses capitalism and market economy to function and compete in the wider world. The ways of socialism hasn’t worked anywhere, and it’s a lesson of history that should not be forgotten. The South American countries as Venezuela would be well-suited for a capitalist system and institute an economic plan to build its economy. Socialism is acceptable as far it’s used as a political idea, but capitalism works and works wonderfully well for its adherents. The Venezuela must recover its lost hope and mustn’t flounder on the path of socialism any longer. Capitalism must be understood, and assessed well, if needed. Capitalism protects the individual and his or her hopes that they have for themselves and their families. Capitalism cannot be denigrated, it’s just an economic system, and the weaknesses of men as violence or hate, should not be heaped on capitalism. It’s an economic system that advances human welfare and gives men and women opportunities to work in their chosen field. It is competitive system and allows the best to work in the positions of authority, unless incompetency seeps in under the political table. The freedom of individual is sacrosanct under capitalism. The countries of South America, Africa and Asia should acknowledge the efficacy that capitalism is laden with. It fulfils the aims of science and gives men a virtuous life to live by. Venezuela must understand capitalism and its benefits.

Yuvraj Saharan

Capital Report