http://www.dickmorris.com/blog/republican-party-benefits-from-obama-errors/
REPUBLICAN PARTY BENEFITS FROM OBAMA ERRORS
By Dick Morris
“The weakness of capitalism is greed. The weakness of socialism is corruption.”
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Not sure I agree with Dick on this.
I agree with the Gecko character “Greed is good”. It’s the lubricant that induces crotchety humans to cooperate. By following what they see as their own best interests, they are motivated to work harder. Until we figure out how ants coordinate, we need everyone working intelligently. Once each one gets all they are willing to pay for, there’s a complex calculus that shares the “satisfaction” and “dissatisfaction” roughly equally.
The weakness of capitalism is that the calculus is not obvious. There are no guarantees. Not there are any in life under any system. Or anywhere on the planet.
The weakness of socialism is that it makes promises it can’t keep. That “each according to his needs” nonsense ignores the teachings of the dismal science.
Look at the attempts to “legislate” equality. If you look at truly free markets, it’s like a series of elections in real time. That what “prices” in the marketplace communicate more than we realize. How much is an actor willing to pay while balancing supply with demand. That’s a key fact. It’s both the strength and the weakness.
You can be fooled by promises of “free lunch” and fail to see the market as mechanism to induce cooperation.
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Reinke Faces Life 