Jeffery David Whippo explains socialism and why it does not work. The assurance of prosperity, equality, and security with socialism follows poverty, misery, and tyranny. Jeffery believes that it removes human inventive from our lives. Under this, incentives either play a minimal role or are ignored totally. Failing to emphasize incentives, socialism is a theory inconsistent with human nature and is doomed to fail.

1. Jeffery David Whippo Explains Socialism and
Why It Does Not Work
Jeffery David Whippo explains socialism and why it does not work. The
assurance of prosperity, equality, and security with socialism follows poverty,
misery, and tyranny. Socialism may show early signs of success; it has always
proven to be a formula for tyranny and misery.
Justifying why socialism does not work, Jeffery believes that it removes
human inventive from our lives. Under this, incentives either play a minimal
role or are ignored totally. Failing to emphasize incentives, socialism is a
theory inconsistent with human nature and is doomed to fail. Overall, it is
based on the theory that incentives do not matter.
Socialism constantly lures with an offer: “give up a little of your freedom and
you will get a little more security”. Although this offer seems tempting, but it
never pays off. We end up losing both freedom and security. This makes it
important to be vigilant in the fight against socialism globally.
In other words, Jeffery D Whippo states that socialism deprives of freedom
and liberty. On the contrary, capitalism plays a major role in the revival of
prosperity as it nurtures the human spirit as well as promotes the spirit of
enterprise. It creates wealth by providing a powerful system of incentives that
promotes hard work and efficiency. Jeffery further explains that socialists
condemned capitalism by alleging that it features exploitation, inefficiency,
and domination.
Jeffery David Whippo concludes that the failure of socialism in the countries
worldwide can be traced to one critical defect; it is a system that ignores
incentives.