But what about "the warmth of collectivism"? The Government Should Not Own the Means of Production in America

  The American Spectator  

"Every single country that has nationalized major industries — every single one — ended up poorer for it."

International Liberty

"European soccer fans marveled at American prosperity. This should be a reminder to avoid European mistakes.

"In an act never contemplated by the Constitution, the Trump administration has used taxpayer dollars to purchase an equity stake in Intel. OpenAI, the maker of ChatGPT, has been in talks in the White House over the government “buying” a stake in the company. Days later, OpenAI quietly filed for an IPO. Senator Bernie Sanders (I-Vt.) has introduced a bill to seize 50 percent of every major AI developer.

"When the federal government “buys” shares of AI developers, or any other company, stagnation follows. Who could compete with a company backed by Uncle Sam — when the government writes the rules, might have you sued by the Department of Justice, or investigated by the IRS? This would guarantee corruption. Imagine how this power will be used when the folks who “run” Chicago, Detroit, and San Francisco are back in power.

"Government-run companies never turn a profit. The Postal Service can’t do it. Nor Amtrak. The maker of the East German Trabant did — but only after it became a private company in reunited Germany.

"Even when companies are not nationalized outright — even when the government just “buys shares” — it undermines the profit motive. Why make your product better when you can just raise taxes? Why bother improving your business strategy when Uncle Sam can save you? And if Uncle Sam chooses to bail out something it owns, taxpayers will pay higher taxes to cover the bad judgment of the politicians who made the original error.

"Every single country that has nationalized major industries — every single one — ended up poorer for it. There is no exception. Peron’s Argentina is just now beginning to get back on its feet.

"Cuba, Venezuela, and Nicaragua became destitute after socialist takeovers. China and Russia had devastating famines when they collectivized agriculture and heavy industry." . . . 

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