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It's quite remarkable how much human suffering and death can result from a bad idea. Socialism takes first place.

 
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03/12/2016 08:31 AM
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It's quite remarkable how much human suffering and death can result from a bad idea. Socialism takes first place.
If you're outside of that small group called government, you obey, or you starve.


When there is only one owner of all resources - the government - how can the government know where those resources are to be allocated? What does it have as a guide? How does it know that a piece of land, in a specific geographic area, would be better suited as a corn field instead of a factory for skateboards? How does it know if the person that it forces to work on a farm would not have made a better doctor? How can government possibly know?

Answer? It can't.

Without market prices, a socialist government "can't calculate".

In other words, without market prices, there can be no profit or loss. Without profits and losses, government has no clue as to whether or not they're allocating resources in the right areas.

The result in the USSR was death on a scale that had never been seen before. It's quite remarkable how much human suffering and death can result from a bad idea. Socialism takes first place.



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