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Why Does Socialism Fail?

By Filings on Wed, 04/20/22
Society & Culture
Economics
Political Philosophy
Socialism

“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

Related . . .

Topics: Economics, Social Ethics, Theology of Work
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  • Review: Toxic Charity
  • Is anarcho-capitalism a “third way” to think about politics, economics, and social policy?
  • Review: ‘Religion and the Rise of Capitalism’ by Benjamin M. Friedman

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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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