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Logan's avatar

Agreed. The capitalist model, while not without its failings, has worked far better for the greater good than any alternative. But Harris - Walz socialist model will put us squarely on the path or directly into a dysfunctional neo-Marxist autocratic model. At best, that might further devolve into a Owen model, or a Oneida one, neither of which worked. Or perhaps like Cuba and Venezuela, which have turned out to be latter day successors to the Southern plantation antebellum slave model. Many of us, though, have been there, done that, and don’t need to an encore performance.

Remember, though, that Andrew Mellon’s money coupled with Carnegie’s was the basis of Carnegie Mellon. And Carnegie did lots of other stuff (as in libraries), as did Alfred Nobel. Then there were outfits like Bell Labs, funded by sanctioned monopolies, from which came the transistor, the microchip, satellite communications, and the Big Bang.

Suppose all the wealth accumulated had been divided equally along socialist lines among the masses. The vast majority of great research universities and hospitals simply would not exist today — just Federally funded mediocrity, with a handful of standout initiatives like DARPA, the Internet, and some of the land grant colleges (including MIT, Cornell, Purdue, and Cal Davis).

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