Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

What Happened to the Bernie Revolution?

ElectionOracle / US Presidential Election 2016 May 09, 2016 - 12:38 PM GMT

By: Dr_Ron_Paul

ElectionOracle

In a recent interview I was asked why Bernie Sanders, a self-described "democratic socialist" had seemingly attracted so much support among young people. In fact polls suggest Sanders is the most popular candidate among people aged 18-29, and 51 percent of that same age group appears fed up with "capitalism in its current form," according to a recent Harvard study.


It was just four years ago that so many young people turned out to hear and support my message of personal liberty, non-aggression, and non-intervention at home and abroad. I was thrilled that so many young people were attracted to a candidate whose main message was "I don't want to run your life."

Socialism, of course, is the opposite philosophy. The socialist philosophy has at its core the desire to run people's lives. It is by design an authoritarian system. Who would willingly give up so much of their own property to the state to redistribute to others? That is where the use of government force comes into play. Socialism tells how much of your money you can keep, how you can spend it, if you can spend it, which of your personal habits must be modified in order to qualify for your "free" healthcare, what course of study you must pursue to qualify for your "free" education, and so on.

But we also know the false promises can be very seductive. Socialism preys on that human fault that would like to have something for nothing. You deserve an education, the socialist tells young people, so I will give you one for free. He never tells the student that he will pay for that education many times over in the hidden tax called inflation. Or the student may "pay" for that education with unemployment after college as his potential employer was forced to shut down over the high taxes required to pay for all the things the socialist promises.

So am I surprised that it seems so many young people have fallen for the seductive lies of socialism? Well I don't really believe they have. They are frustrated by a system they are told is capitalism. They are angry over the same things I have been talking about for years.

Our current system is far from the free-markets that we in the Austrian school of economics espouse. We have a system of cronyism, corporatism, inflationism, regulated and managed trade to the benefit of special interests, and the criminality of central banking. Unfortunately because of our faulty and biased education system and the relentless propaganda of the mainstream media, many young people are taught that the mess they see all around them is all caused by "capitalism."

Politics is about getting people excited about a candidate. Ours is a much longer effort. The young generation that first attended my rallies in 2007 is by now in its mid-20s. They are raising a new generation that in many cases will be home-schooled and outside the propaganda machine that is modern public education. They understand that the real freedom revolution will not be won at the ballot box, but in the battleground of ideas. They continue to learn the freedom philosophy and they support the various educational organizations that provide the intellectual ammunition for our fight. I am more optimistic than ever that our message is taking hold and growing deep roots. Ideas really can change the world.

Contrary to what many would like us to believe, the Freedom Revolution is alive and well!

Dr. Ron Paul
Project Freedom

Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

Dr. Ron Paul Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in