The world has been turned upside down: Socialism is on the rise in the U.S. and capitalism is on the rise in China. The former is a result of an uneducated electorate that fails to understand socialism's history of producing poverty; the latter is a result of pragmatic leadership able to put aside communist ideology to embrace capitalism because it produces prosperity. Thomas Jefferson, recognizing that the cornerstone of democracy rests on the foundation of an educated electorate, said that "whenever the people are well-informed, they can be trusted with their own government."Unfortunately, Americans are not well-informed about economics. If they were, they would have learned from the economic failures of socialism-in China, Cuba, Eastern Europe, and all of the other places where socialism took root-and elected a pragmatic leader who supports capitalist policies.Instead, they elected Obama, an ideologue who supports socialist policies that promote big government, class...(Read Full Post)