Friday, January 11, 2019

Jordan Candler: Statism Isn't Working in South Korea, Either — The Patriot Post

Jordan Candler: Statism Isn't Working in South Korea, Either — The Patriot Post:
"Higher taxes and minimum wage in the name of economic growth aren't working there either.
Image result for Socialisn South KoreaAlexandria Ocasio-Cortez, Bernie Sanders, and much of their Democrat caucus believe capitalism is an immoral system that can be corrected via socialism.
...Democrats have attempted to distance their utopian ideas from what has transpired in countries like Venezuela, where “cratering” doesn’t even begin to describe that nation’s socioeconomic situation.
...socialism or quasi-socialism has been implemented around the globe with detrimental effects.
That includes in South Korea, which The New York Times profiled this week with surprising candidness.
The Times says that President Moon Jae-in has instituted policies antithetical to Donald Trump’s. “South Korea has raised taxes and the minimum wage in the name of economic growth,” the Times explains. 
“So far, it hasn’t worked out as planned.”...
Read on.

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