Man always makes theory for he is an animal of logic.
He who makes theory believes that, his theory, if applied to reality,
will much improve human society.
However, all theories made by man not by God produces results
that totally differ from his expectations,
for human society, especially its economy consists of
very complicated factors controlled by egotistic human nature.
There is a saying that evil is committed not by truth but by faith.
Qinshihuangdi's burning of books and burying of scholars, the economic
policy of Robespierre's Revolutionary Government in France, Hitler's faith
in the 3rd Reich, Karl Marx's unwavering confidence in communism, Russian
Revolution and the ensuing emergence of communism inspired by him, all of
which were the tragidies resulted from adoption of theories believed to be
an unfailing truth.
Qinshihuangdi's firm belief based on the theory that a nation prospers only
when its thoughts are unified into one resulted in not only burying tens of
thousands of scholars alive but hampering the development of learning;
Robespierre was assured that if he contolled the prices, he would be
able to curb them; however, his theory made countless people suffer pain
during his revolutionary regime;
Hitler. who believed that the 3rd Reich he desired to build would bring
eternal prosperity to mankind, started World War 2 that ended up killing
millions of people.
What happened to Russia--after the Revolution that took place as the
result of firmly believing in the ideal epoch-making theory of co-production
and co-distribution that would bring eternal prosperity to mankind overcoming
all flaws of capitalism which Karl Marx devised shivering in the cold of an attic
of a London slum--and China and other communist countries like East Germany,
Rumania, Poland, etc, that gladly adopted communism influenced by Russia?
Communism, whose success Karl Marx was so much sure of based on his
undeniably clear logic, turned out to be the cause of collapse of industry
and economic disaster in reality.
In China, it caused starvation of millions of people a year
and in Russia tens of millions of people were exiled to Siberia.
As the result of adopting communism in other countries, too,
their national economy was devastated and national resources
were wasted on a large scale until they had to decide to re-adopt
capitalism belatedly, but only afer the countries that had stuck to
capitalism joined the ranks of advanced countries.
As can be seen in the above, when any theory whose effectiveness
has not yet proven in reality is applied iindiscriminately based on just
belief in it, it produces miserable results.
Moreover, income redistribution policy has never turned around
any national economy, not even once.
Rather, it degraded many countries to the state of poverty.
Argentine, once one of 10 strongest economic powers in the world
adopted income redistribution policy, as the result of which it became
one of the poorest countries in South America; and Venezuela, once
the leader of South America is now witnessing its own people in a mass
exodus to neighboring countries to be economic refuges.
Countries like Greece, Spain, Ireland, France and U.K. etc. that adopted
income-redistribution policy for 30 years have returned to busisness-friendly
and taxcut policy after experiencing economic disaster.
And yet, in Korea, they are performing an economic experiment on 50 million
population based on the groundless belief that so-called income-led
growth--whose effectiveness has never been proven nor has ever been
introduced as an economic tool in the textbook of economy--will revive
the national economy.
Without paying any attention to its result, people running our national
economy enjoy the pleasure of seeing their own theory being applied
to real economy, disregarding the fact that it is way remote from human
nature in the blind belief