marxist_god
25th December 2007, 02:37
Originally posted by
[email protected] 24, 2007 03:37 am
Why do many Americans hate socialism?
There's a lot of history here. Ever since 1900 the Americans have been taught that socialism, communism, and anarchism are evil and "un-American".
Ther Red Scares, McCarthyism, the Cold War, etc...
Up until 1991 the US was constantly struggling with the Soviet Union. That has a lot to do with it.
Hey folks, i was reading some months ago a book about personal investment by Peter Lynch, an economist, called "Learn to Earn", a basic book about how the USe ecomomic system works, its about the history of US capitalism and how it was founded. And in this book the author talks about how USA was founded, he being a capitalist economist, gives you astonishing truths about how USA was founded, and that the Pilgrims were gonna install a socialist system but then, the leader thought that "free market" economics was the best for the colony in America, and this long history of free market tradition in USA, is one of the great reasons of why people in this country hate socialism. Even the holidays are linked to capitalism, like thanksgiving, christmas, etc.. Howard Zinn is another great writter who writes about how USA was founded:
here is a small review of it:
http://www.amazon.com/review/product/04711...rBy=addFiveStar (http://www.amazon.com/review/product/0471180033/ref=cm_cr_pr_hist_5?%5Fencoding=UTF8&filterBy=addFiveStar)
This review is from: Learn to Earn : A Beginner's Guide to the Basics of Investing and Business (Paperback)
In the beginning of the book, the authors remarked that high schools have forgotten to teach one of the most important courses of all: investing. History we teach, but not the roles that innovations and companies have played. If you missed this important course in your formative years, then this book is for you. The book is fun to read, and cheap to own.
The book has four chapters.
Chapter One reviews the history of capitalism. You will find how stocks got started in Europe centuries ago. You will also learn how, more than a hundred years ago, Europeans invested in the then emerging market: The United States. Their sorrows and joys perhaps will give you some perspective when you invest in today's emerging market in China. You will also read about bubbles in the history, not just the one before the Great Depression.
Chapter Two covers the basics of investing. The discussion here is mostly intended for people who can invest money for a long time. The basic points here are that you should start invest early, and that stocks are the best performer among various investment options.
Chapter Three outlines the life of a company. It helps the investor to begin to think like the owner of a company.
Chapter Four tells the stories of many companies.
There are two Appendices, one on stockpicking tools, the other on reading balance sheet.
The book was published in 1995. Much of the material is timeless. However, if the authors decide to write a new edition, they might want to add more materials about internet. For example, a beginner can use a web page like http://finance.yahoo.com to track the performance of stocks and portfolios that he or she has picked, without investing any real money. Also, internet has significantly changed the procedure for the individual investor to move money around.