FEBRUARY 22, 2016 BY VICTOR SKINNER
NORMAN, Okla. – The popularity of presidential candidate Bernie Sanders with college students is evidence that the country’s education system is failing, according to University of Oklahoma arts and sciences professor David Deming.
Deming penned a recent editorial for The Oklahoman that explains exactly why the enthusiasm about Sanders is concerning, and points to several examples of what would happen if the country follows his socialist lead.
“For hundreds of years, (socialism) has failed everywhere it’s been adopted,” Deming wrote. “The enthusiasm of our youth for the candidacy of Bernie Sanders in a symptom of our failure to educate the, not only in history, government and economics, but also basic morality.”
“You don’t have to be a student of ancient history to know socialism doesn’t work. The collapse of the Soviet Union in 1989 was an unequivocal demonstration of the moral and economic superiority of capitalism,” he continued.
“The misery caused by socialism is unfolding today in Venezuela. Since Venezuela embraced socialism in 1999, poverty, crime and corruption have all increased. Grocery shelves are empty and the annual inflation rate is estimated to be as high as 200 percent.”
Deming explained how capitalism’s focuses on the natural rights of citizens – life, liberty, happiness and property possession – creates a system that forces folks to be friendly, while socialism accomplishes exactly the opposite.
“Our system of government was designed to secure the natural rights of its citizens. These rights include not only ‘life, liberty and the pursuit of happiness,’ but the right to acquire and maintain private property. The Founding Fathers considered property rights to be sacred and
paramount,” Deming wrote.
“Under capitalism, goods and services are distributed through private, voluntary exchanges. When people engage in volitional transactions, everyone benefits. If we believe a transaction is in our best interest, we have an incentive to maintain good relations with those with whom we’re trading. Thus a society based on freedom and trading promotes good will and civility. Our free-market system has produced the greatest prosperity in human history.”