The third and final battlefront protecting wealth is the most grave. If the immorality and impracticality barriers to socialism are breached, then we get to mass death and misery. It’s not necessary to speculate on the likelihood of this result. It’s a matter of history.
“No cause, ever, in the history of all mankind, has produced more cold-blooded tyrants, more slaughtered innocents, and more orphans than socialism with power. It surpassed, exponentially, all other systems of production in turning out the dead”. That’s from Alan Charles Kors’ essay Can there be an “After Socialism”? (2003). How can anyone familiar with history who has a well-functioning mind and heart read that piece and say – ‘yeah, but socialism’s still a good idea’?
Coercive socialist policy leads to the termination of human life and the destruction of capital. Wealth is delicate and can be shattered and lost over time. George Gilder writes that capital is not a stock of goods. It’s a free flow of ideas; a mindscape of volatile, shifting knowledge and relationships that cannot be seized by the State. Wealth “is not an inventory of stuff. It’s an organic living entity, a fragile, pulsing tissue of ideas, expectations, loyalties, moral commitments and visions; to vivisect it for redistribution is to kill it.” Mainstream intellectuals just don’t seem to get that and they probably never will. The deadly problem is that if policy makers buy their deceptive arguments – aggressive attempted wealth redistribution will devastate the poor while destroying huge amounts of global wealth.
The bad idea of socialism persists because mainstream media, political operatives and academics are anti free market. Professors, news media and filmmakers ignore the capitalism vs. socialism comparative inquiry that has been rigorously debated for decades (with free market ideas kicking the snot out of centrally planned economics). Some people reject capitalism because they don’t know any better; others because they’ve been indoctrinated with social justice warrior nonsense from the various race, class and gender grievance disciplines in academia, which are hostile to capitalism.
But the tide has turned. The influence of our arrogant elites is crumbling. The public no longer believes that power and influence should be predicated on titles and fancy Ivy League degrees; it should be based on demonstrable, valuable, real-world knowledge and proven moral character. The global outrage that resulted in Trump and Brexit is a reflection of a growing recognition that our elites have not earned the status they assume is rightfully theirs. As Victor David Hanson puts it: “The self-described ‘best and brightest of or our time’ are has-beens, having enjoyed influence without real merit or visible achievement.” They’ll never learn and their time is up.