Obama 's "tragedy of the commons" is state organized theft

Occupy Dallas leaves a mess

Obama 's "tragedy of the commons" is state organized theft.

Marxists admit that many "socialist" countries around the world fail. However marxists say the reason for failure is not that socialism is deficient, but that the socialist economies are not practicing "pure" socialism. The perfect version of socialism would work; it is just the imperfect socialism that doesn’t work.

Marxists like to compare a theoretically perfect version of socialism with practical, imperfect capitalism which allows them to claim that socialism is superior to capitalism.

Under socialism, incentives either play a minimal role or are ignored totally. A centrally planned economy without market prices or profits, where property is owned by the state, is a system without an effective incentive mechanism to direct economic activity. By failing to emphasize incentives, socialism is a theory inconsistent with human nature and is therefore doomed to fail.

Socialism is based on the theory that incentives don’t matter!

In a capitalist economy, incentives are of the utmost importance. Market prices, the profit-and-loss system of accounting, and private property rights provide an efficient, interrelated system of incentives to guide and direct economic behavior.

Capitalism is based on the theory that incentives matter!

(Of course incentives don't matter if your on welfare, unemployment and won't work living off obama state organized theft. Those also on welfare, unemployment, food debt cards etc who do look for work and want to work are caught in the obama trap of state organized theft that has destroyed their opportunity for work and taken away the incentive to find a job and work because jobs have been purposefully destroyed to make organized state theft PERPETUATE itself.) Story Reports

In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism may show early signs of success. But any accomplishments quickly fade as the fundamental deficiencies of central planning emerge. It is the initial illusion of success that gives government intervention its pernicious, seductive appeal. In the long run, socialism has always proven to be a formula for tyranny and misery.

A pyramid scheme is ultimately unsustainable because it is based on faulty principles. Likewise, collectivism is unsustainable in the long run because it is a flawed theory. Socialism does not work because it is not consistent with fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.

Another fatal defect of socialism is its blatant disregard for the role of private property rights in creating incentives that foster economic growth and development. The failure of socialism around the world is a "tragedy of commons" on a global scale.

The "tragedy of the commons" refers to the British experience of the sixteenth century when certain grazing lands were communally owned by villages and were made available for public use. The land was quickly overgrazed and eventually became worthless as villagers exploited the communally owned resource.

When assets are publicly owned, there are no incentives in place to encourage wise stewardship. While private property creates incentives for conservation and the responsible use of property, public property encourages irresponsibility and waste.

If everyone owns an asset, people act as if no one owns it. And when no one owns it, no one really takes care of it. Public ownership encourages neglect and mismanagement.

(A perfect example is the recent obama organized paid "occupy" movement. Everywhere these people are their temporary public occupying or "grazing' of public land showcases their irresponsibility and waste because their is NO incentive for conservation or responsibility. They always leave their occupied area in a getto state of neglect and trash. They are examples of communally occupied "grazing" of public use land.) Story Reports

(This is what we see in the obama regime as it continues to add more "public" ownership of everything that can be turned into a "state" asset through regulation and unconstitutional "laws". We see massive mismanagement and failure.) Story Reports

Since socialism, by definition, is a system marked by the "common ownership of the means of production," the failure of socialism is a "tragedy of the commons" on a national scale. Much of the economic stagnation of socialism can be traced to the failure to establish and promote private property rights.

As Peruvian economist Hernando de Soto remarked, you can travel in rural communities around the world and you will hear dogs barking, because even dogs understand property rights. It is only statist governments that have failed to understand property rights.

(Obama is a "dog" of a "president" that understands communist socialist organized state theft of everything you own.) Story Reports