My take on socialism is this: Socialism only seems to work when you don’t fully implement it, when you keep enough capitalism around to pay socialism’s bills, at least for a time. It’s the difference between milking the cow and killing it. Socialism has no theory of wealth creation; it’s just a destructive, envy-driven fantasy about redistributing it after something else (and somebody else) creates it first.

There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.

A libertarian is somebody who believes, of course, in personal liberty. And liberty is a personal thing; it is not collective. You don’t gain liberty because you belong to a group. So we don’t talk about women’s rights or gay rights or anything else. Everybody has an absolute equal right as an individual, and it comes to them naturally.

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