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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

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Topics: Socialism, Economics, Political Philosophy, Capitalism
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Whoever restrains his words has knowledge, and he who has a cool spirit is a man of understanding.

(ESV, Proverbs 17:27)

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