We would all be wise to take warning from the recent events in Greece that have led to jitters in our stock market as well as markets around the world. The problems in Greece, of course, were caused created by socialism.
Too many people were getting too many freebies off the backs of too few others. There was no way that such a system could sustain itself. It was doomed from the beginning. It was just a matter of time before it would begin to collapse. The chickens are now coming home to roost.
The government of Greece is now broke and has therefore been forced to bring the gravy train to a screeching halt. This has led to riots in the streets, as many Greeks are still demanding their goodies anyway. A bailout by the EU may stem the tide for a while, but it will not resolve the current mess in Greece. There is much more pain to come. Things will likely get worse before they get better. And that includes the probability that Greece will default on its debts.
Of course, Greece is not the only country that has linked its fate to this kind of socialism. It was adopted by the majority of Europe decades ago. Therefore, the economic crisis in Greece is likely to soon spread throughout most of the continent.
Unfortunately, during the last decade, the U.S. has begun to slouch in that direction as well. If we don’t turn back now, we are destined to meet the same fate as Greece and most of the remainder of Europe. We need to flatly reject all the tenets of socialism and return to the core capitalistic values of our forefathers. But we need to begin soon. Time is not on our side.