Peter Schiff Corrects Rush Limbaugh

December 12, 2012 in Abuse of Power, Constitutional, Founding Principles, Liberty, Obama-Nomics

Peter Schiff Speaks out and corrects Rush based upon his understanding of  our Constitutional Founding Principles!

The nation that our Founding Fathers built is now in the throes of a political, economic, social and spiritual crisis. The solutions to our crisis lie in the writings of  our founders.

While Peter Schiff  hasn’t specifically labeled  the socioeconomic systems since our founding, it is clear that he is speaking to the economic philosophies depicted in the following chart.

Capitalism represents our Founding fathers believe in Natural Law and individual Freedom.

Socialism represents our departure from our Founding Capitalist Principles that began  accelerating in the early 20th Century.

Communism is  the sociopolitical- economic system that President Obama  is fervently attempting to force upon our society.

 

Comparison chart
Capitalism Socialism Communism
Philosophy: A theory or system of Social organization wherein Capital (or the “means of production”) is owned, operated, and traded for the purpose of generating profits for private owners or shareholders.In capitalism, individual freedom is above the state or society and  Capitalism stands for private property.  A theory or system of social organization based on the holding of most property in common, with actual ownership ascribed to the workers.In Socialism, society is above individuals. A theory or system of social organization based on the holding of all property in common, with actual ownership ascribed to the community or state.In Communism, society is above individuals and Private property is abolished by the state.