Hold fast on ‘cliff,’ GOP
Republicans are being blamed for not compromising on the impending “fiscal cliff.” But is compromise the correct plan of action?
We are at a point similar to that prior to the Civil War, when Americans had to decide on slavery. There was no room for compromise because slavery was either right or wrong.
Now we are faced with a similar choice between capitalism and socialism, two completely incompatible economic systems.
Capitalism allows individual business owners and consumers to decide which products and services should be available by the millions of buying and selling choices they make daily in the marketplace. It is a bottom-up-driven system. Capitalism is based on the idea that individuals are capable of making their own decisions.
Socialism, on the other hand, is a top-down system in which government officials decide which products and services should be available.
Socialism is characterized by excessive regulations, high taxes, centralized power and less individual freedom. This system distrusts individual decision-making and defers to experts or elites.
It seems that the best course of action at this point is to face up to the decision before us and critically analyze the consequences of both systems. Compromise just means Republicans give in to more socialism, which is a recipe for disaster.
The answer to this fiscal impasse is not compromise but informed decision-making. Do we Americans have the courage and wisdom to do this?