Blocker
Still living under a rock, tsk, tsk.
Blockee
-----Original Message-----
From: Ron Ristad <ristad@xxxxxxxxxxx>
To: sparkscoffee <sparkscoffee@xxxxxxxxxxxxx>
Sent: Wed, Dec 9, 2015 9:53 am
Subject: [sparkscoffee] Socialism Is Dead. Let's Move On.
It was predicted that socialism was doomed to failure back in 1920 when it
first gained popularity and that prediction has been proven correct over and
over again. That's because socialism has a fundamental flaw, one that no amount
of idealism or government control can fix.
-RR
By Gary North
The twentieth century has witnessed the beginning, development, and end of the
most tragic experiment in human history: socialism. The experiment resulted in
tremendous human losses, destruction of potentially rich economies, and
colossal ecological disasters. The experiment has ended, but the devastation
will affect the lives and health of generations to come.The real tragedy of
this experiment is that Ludwig von Mises and his followers — among the best
economic minds of this century — had exposed the truth about socialism in 1920,
yet their warnings went unheeded. — Yuri Maltsev (1990).
Socialism is dead as an ideology and also as a political movement. It is an
example of a god that failed.
Socialism is a very specific form of economic opinion. A socialist believes
that the civil government should own the means of production. This is what
socialism has always meant.
(Note: Whether by outright ownership or by taxation the result is the same.)
When Ludwig von Mises refuted socialism in 1920, he had in mind exactly this
outlook regarding the economy. Here was his argument. If the government owns a
nation’s capital, meaning the tools of production, the planners cannot
establish the value of these tools. There is no free market for pricing these
tools. Without free-market pricing, there is no way for any central planning
agency to determine what the most desired consumer goods are in society. There
has to be a free market in order to price consumer goods and capital goods.
There is neither in a socialist economy. Therefore, said Mises, socialist
economic planning is inherently irrational.
https://www.lewrockwell.com/2015/12/gary-north/socialism-dead/
