Kasparov

Russian chess champion Kasparov is living in the U.S. and is a passionate anti-communist. He wrote recently on his political views with particular application to Sanders. Here are some snippets:

It’s capitalism that brought billions of people out of poverty in the 20th century. It’s socialism that enslaved them and impoverished them....
Innovation requires freedom of thought, freedom of capital, and people who believe in changing the world. Yes, the free market can be cruel and it is by definition unequal. It has winners and losers. It also sparks the spirit of creativity that humanity desperately needs to flourish in our ever-increasing billions. Failure is an essential part of innovation and the free market.....
A popular rebuttal is to invoke the socialist leanings of several European countries with high living standards, especially in Scandinavia. Why can’t America be more like happy Denmark, with its high taxes and giant public sector, or at least more like France? Even the more pro-free-market United Kingdom has national health care, after all. First off, comparing relatively small, homogeneous populations to the churning, ocean-spanning American giant is rarely useful. And even the most socialist of the European countries only became wealthy enough to embrace redistribution after free-market success made them rich....
As long as Europe had America taking risks, investing ambitiously, attracting the world’s dreamers and entrepreneurs, and yes, being unequal, it could benefit from the results without making the same sacrifices. Add to that the incalculable windfall of not having to spend on national defense thanks to America’s massive investment in a global security umbrella. America doesn’t have the same luxury of coasting on the ambition and sacrifice of another country....Who will be America’s America?

Senator Sanders supports breaking up the giant banking institutions that dominate American finance and politics in a way that would evoke jealousy from John Pierpont Morgan himself. However, Sanders’s socialist policies would replace banks that are too big to fail with a government that is too big to succeed.

Taft warned about exactly this in his 1911 State of the Union. Busting the trusts was to free the market, not to insert the government into it. It was necessary to break up Standard Oil and American Tobacco in order to preserve capitalism, not to institute socialism. Taft said, “The anti-trust act is the expression of the effort of a freedom-loving people to preserve equality of opportunity. It is the result of the confident determination of such a people to maintain their future growth by preserving uncontrolled and unrestricted the enterprise of the individual, his industry, his ingenuity, his intelligence, and his independent courage.”

Bravo! Beautiful words and an even more beautiful sentiment that is deserving of its own Facebook meme! Unfortunately, today’s progressive solution would instead be to raise Standard Oil’s taxes and those of its wealthiest shareholders in order to pay for more services, like free college and health care. It would have been an acceptable choice for many, but the American 20th century would never have happened.