The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Sunday, June 16, 2013

Why socialism isn’t a good idea


I refer to complete state ownership and control of the means of production, otherwise sometimes known as the command economy.

It is not a good idea for the same reasons monopoly under capitalism isn’t a good idea.

And socialism is the worst of monopolies, made worse throughout the 20th Century by walled-off markets.

Humans are terrible at organizing successful and efficient enterprises, and the people involved always have other – and sometimes only other – priorities.

Competition enables the less botched organizations to supplant the more botched in a constant process of flushing without which, well  . . . . 

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