Finance Geek

In addressing the communist scourge that had impoverished many parts of the world in the aftermath of World War II, President Reagan predictably approached the challenge in an optimistic light. Rather than dignify communism by denouncing it, Reagan was instead dismissive of it “as a sad, bizarre chapter in human history whose last pages are even now being written.”

Reagan knew instinctively that communism would ultimately die of its own contradictions. Simply put, any system meant to foster equality and the sharing of gains achieved through enterprise works at cross purposes with basic human nature. At the core of most human beings is the hope that effort will be rewarded, and communism worked against this simple human need.

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