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Why Does Socialism Fail?

By Filings on Wed, 04/20/22
Society & Culture
Economics
Political Philosophy
Socialism
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“Socialism requires not only that we overcome the self-interest problem, the incentive problem, and the knowledge problem, but we’re going to give these social planners all this power and say ‘…we’re going to be benevolent.’ This never happens.” - IFWE

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The tongue of the wise commends knowledge, but the mouths of fools pour out folly.

(ESV, Proverbs 15:2)

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