How Markets Have Delivered More Economic Equality
People must still compete for resources in a socialist economy
In fact, the competition is intense. On the other hand, thanks to markets, basic necessities and even basic luxuries are now more more accessible than ever
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I recently attended the Soho Forum debate between (democratic socialist) Ben Burgis and (libertarian) Gene Epstein on the question of whether capitalism or socialism would lead to the most prosperity, equality, and liberty.
Ben took it for granted that a socialist economy would be more equal, and Gene did not fight hard on this point; indeed, libertarians were once fond of saying, “While capitalism may yield the unequal distribution of wealth, socialism yields only the equal distribution of poverty.”
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The Bucks County Courier Times and the Levittown-Bristol Kiwanis Club have partnered for 63 years to promote and collect donations for the Give A Christmas campaign. Donations poured in from residents in Bucks County and beyond for about two months, contributing to the effort to bring a little holiday joy to needy families in Lower Bucks.
This year’s goal of $120,000 in donations was met about a week-and-a-half before Christmas, one of the earliest years to reach the target. As of Wednesday morning, the fund has collected more than $164,000. I m overwhelmed with the support of all of our readers, Executive Editor Shane Fitzgerald said. The Bucks and Montgomery county communities really stepped up when they were most needed. Our eternal thanks to the Bucks County Opportunity Council and the Levittown-Bristol Kiwanis Club for their tireless efforts in our partnership and facilitating helping so many people.
Give A Christmas enters home stretch as donations exceed goal
Chris Ruvo
2020 has been a difficult year for most everyone, but some have experienced particular pain and hardship.
Like the Bucks County mother whose son was afflicted by multiple seizures in January. It took visits to multiple hospitals to determine he had a brain tumor. What followed was perilous surgery and follow-up therapy, conducted at health facilities amid the COVID-19 pandemic, that caused the mother to miss work. That job, with its time demands, ultimately became untenable, given her need to care for her son and her other children.
The hard-working woman ultimately found another position, but the hours and pay both were less. The diminished earnings, along with the onus of medical bills and paying for life’s essentials such as food and shelter, had the household budget running on fumes.