OU Professor: Youths' Attraction to Sanders Shows Education Failure

By David Deming
News Ok
Feb. 02, 2016

It's disheartening that an avowed socialist is a viable candidate for president of the United States. Socialism is a dead end. For hundreds of years, it has failed everywhere it's been adopted. The enthusiasm of our youth for the candidacy of Bernie Sanders is a symptom of our failure to educate them, not only in history, government and economics, but also basic morality.

You don't have to be a student of ancient history to know socialism doesn't work. The collapse of the Soviet Union in 1989 was an unequivocal demonstration of the moral and economic superiority of capitalism. The misery caused by socialism is unfolding today in Venezuela. Since Venezuela embraced socialism in 1999, poverty, crime and corruption have all increased. Grocery shelves are empty and the annual inflation rate is estimated to be as high as 200 percent.

The United States is a constitutional republic founded on political equality, not equality of income or circumstances. Our system of government was designed to secure the natural rights of its citizens. These rights include not only “life, liberty and the pursuit of happiness,” but the right to acquire and maintain private property. The Founding Fathers considered property rights to be sacred and
paramount.

Under capitalism, goods and services are distributed through private, voluntary exchanges. When people engage in volitional transactions, everyone benefits. If we believe a transaction is in our best interest, we have an incentive to maintain good relations with those with whom we're trading. Thus a society based on freedom and trading promotes good will and civility. Our free-market system has produced the greatest prosperity in human history.

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