Learnings for Adults
Man-made: what is the difference between socialism and capitalism?
January 6, 2021
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A man named Tom Nicholson posted on his Facebook account the sports car that he had just bought and how a man approached and told him that the money used to buy this car could’ve fed thousands of less fortunate people.

His response to this man-made him famous on the internet. READ his story as stated on Facebook below:

A guy looked at my Corvette the other day and said,

“I wonder how many people could have been fed for the money that sports car cost?

I replied I’m not sure;
it fed a lot of families in Bowling Green, Kentucky who built it,
it fed the people who make the tires,
it fed the people who made the components that went into it,
it fed the people in the copper mine who mined the copper for the wires,
it fed people in at Caterpillar who make the trucks that haul the copper ore.
It fed the trucking people who hauled it from the plant to the dealer
and fed the people working at the dealership and their families.

BUT,… I have to admit, I guess I really don’t know how many people it fed.
That is the difference between capitalism and the welfare mentality.
When you buy something, you put money in people’s pockets and give them dignity for their skills.
When you give someone something for nothing, you rob them of their dignity and self-worth.

Capitalism is freely giving your money in exchange for something of value.
Socialism is having the government take your money against your will and give it to someone else for doing nothing.

About author

Dr Shailesh Thaker

Dr. Shailesh Thaker is a world-renowned management thinker and trainer on organizational behavior and development. He is the CLO of Knowledge Plus Inc., a highly reputed training firm based in Ahmedabad, India, helping organizations to achieve international benchmarks in management practices.

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