Barak Obama Sr: "Problems facing our Socialism"
Via LGF Linkviewer.
Politico has a pdf of a paper written by Obama's father entitled "Problems facing our Socialism". Obama Sr's piece is dated July, 1965 and was published in the East Africa Journal. He goes on about some of the finer points of scientific socialism, interalia, and communism. He also seeks to define the differences between African socialism and Kenyan socialism. Here's a sample.
The African tradition is fundamentally based on communal ownership of major means of production and sharing of fruits of labors, so expended in production, to the benefit of all, and yet the paper advocates land title deeds and private ownership of land-a major means of production.
Obama Sr on taxes.
Certainly there is no limit to taxation if the benefits derived from public services by society measure up to the cost in taxation which they have to pay. It is a fallacy to that there is this limit, and it is a fallacy to rely mainly on individual free enterprise to get the savings.
On nationalization.
True, there are cases in which nationalization is bad, but there are, likewise, quite a few benefits to be derived from it.
A hint of things to come?
Change!
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