Thor Halvorssen Has Reservations About Socialism

Thor Halvorssen had some strong cautionary words to offer in a recent interview with Fox. He was asked about his perspective on democratic socialism and the problems he has with this political and economic system. Thor Halvorssen gave an incredibly detailed and articulate explanation of the extreme dangers inherent with adopting a socialist system of government. He was asked to speak about this trending issue in light of the presidential campaign of U.S. Senator Bernie Sanders. Senator Sanders has hit the campaign trail hard to talk about the possibilities through socialism and how they might improve society as a whole in the U.S. Many of these ideas have been gaining in popularity because a large portion of the population in this country is still trying to recover from the economic crisis of 2008 and faces serious obstacles in maintaining a middle class status. Although Halvorssen said that he thinks Sanders would make a better president than Hillary Clinton, he had some serious warnings to issue about the socialist policies that Sanders would like to see implemented if he were elected.

 

First of all, Halvorssen qualifies his statements about socialism by saying that not all governments that adopt socialist policies end up violating the human rights of their citizens. Rather, this is true in some of the socialist countries that have morphed into authoritarian regimes over time. Halvorssen offers up the example of Venezueal as strong evidence of what can happen if the power of government is left unchecked. In socialism, Halvorssen offers, the government has a lot of power in fixing prices and controlling the supply of goods. This can, in extreme circumstances, allow the government to loot resources from the people and take away private property rights. If this happens with essential resources, then there can be a very real humanitarian crisis based on extreme resource shortages. In this way, according to Halvorssen, the government ends up taking away the rights of the citizens to provide for themselves and leaves them completely at the mercy of the people in power to secure the resources they need to survive each day.

More information for Thor Halvorssen:

https://www.crunchbase.com/person/thor-halvorssen

https://about.me/thor.halvorssen