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#Post#: 23889--------------------------------------------------
The Problem With Socialism
By: Pinochet88 Date: July 26, 2016, 6:00 am
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HTML https://www.youtube.com/watch?v=UHOvKUom01Y
Socialism Destroyed
By Robert Wenzel
San Francisco Review Of Books
July 25, 2016
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There has been something of a renaissance for socialist support
in America.
Bernie Sanders, a self-described socialist, while seeking the
Democratic nomination for president this year accumulated 13
million votes in the primaries, 43.0% of the votes cast.
The high-profile political figure Kshama Sawant is a member of
the Socialist Alternative and also sits on the Seattle City
Council. Her following is growing.
In his new book, The Problem With Socialism, Thomas DiLorenzo
reports that a YouGov.com poll reveals that 43% of those between
the ages of 18 and 25 have a “favorable” opinion of socialism
and that they have a higher opinion of socialism than
capitalism.
Many more in America advocate interventionist policies that are
steps on the way to full blown socialism.
How could this be? Anyone who is familiar with the history of
socialism knows of the millions that have died under socialist
rule. They know the horrific economic conditions that have
developed under socialism.
It is as though Americans, the millennial generation, in
particular, have no inkling of the history of socialism in
practice nor the writings that have cut the theoretical
foundations of socialist ideas to shreds.
Given that the college educational environment is infiltrated
with leftist professors as is mainstream media, it should
probably not be a surprise that students aren’t taught an
accurate story about socialism and that the general public’s
understanding is just as bad.
It is obvious that something must be done to change this
situation. DiLorenzo has taken a giant step in countering the
trend in his new book.
The Problem With Socialism is quite simply a total and complete
smashing of socialism. Any socialist belief that a socialist
holds dear has for certain been totally destroyed in this book.
Current Prices on popular forms of Gold Bullion
The horrific history of socialism and weak theoretical structure
are laid bare.
From the early colonists experiments with socialism in America
to the expansive socialist adventures in the Soviet Union and
Mao’s China, DiLorenzo reports on the deaths and destruction.
He attacks the theoretical construct of egalitarianism and
contrasts it with reality.
He examines and informs on the follies of government
enterprises.
He exposes the idea that socialism has been a success in
Scandinavia,
He explains how government welfare increases poverty.
He explains how socialism causes pollution.
He links the ideas of a central bank and progressive income
taxes back to Karl Marx and explains why they cause weak
economies.
He explains how socialist regulations create monopolies.
He explains the ways that capital is being socialized.
In short, this book provides a rebuttal to every modern day
claim made by socialists. Be it full out socialists or those who
may want to advance socialism in only certain ways and only in
certain sectors of the economy.
This is the book millennials need to read. It is the book
socialists of all ages need to read.
It is also the book that must be read by all those who favor
free markets and a free society so that they understand how to
counter the arguments of socialists and general
interventionists.
DiLorenzo’s book is an intellectual nuclear attack on socialist
thinking. Books like this matter.
Dr. Walter Block tells the story that when he was a young
socialist he approached Nathaniel Branden at a luncheon where
Ayn Rand had spoken. He declared he was a socialist and would
like to debate.
Branden agreed to talk with him, under conditions. Here is Block
explaining the exchange:
When I arrived at the luncheon, I found that the group was
sitting in “pecking order”: Ayn Rand at the head of the table,
Nathaniel Branden and Leonard Peikoff, first along the two sides
of the table, and the lesser lights ranged alongside. I was of
course relegated to the foot of this august assembly, whereupon
I turned to my neighbor, a neophyte as it turned out, and tried
to argue the socialist side of a debate against capitalism. He
replied that he really wasn’t very knowledgeable about this
issue, but that the people located at the other end of the table
certainly were. At this point I betook myself there, stuck my
head between Ayn’s and Nathan’s, and announced that there was a
socialist here who wanted to debate someone on economic issues
pertaining to capitalism. (I was a bit of a chutzpanick in those
days). They politely asked, Who was this socialist, and I
replied that it was me.
Nathan very graciously offered to come to the other end of
the table with me for this purpose, but he imposed two
preconditions: first, I would be honor bound not to allow this
conversation to lapse with this one meeting, but would continue
with it until we had achieved a resolution: either he would
convince me of the error of my ways, or I would convince him of
his. Second, I would read two books he would later recommend to
me (Atlas Shrugged by Ayn Rand and Economics In One Lesson by
Henry Hazlitt). I agreed, and we spoke for an hour or so upon
that occasion, followed up four or five times more for a similar
duration at his apartment, where some of the other Randians took
part, including Ayn, Leonard Piekoff, Barbara Branden and Alan
Greenspan.
At the end of this process I was converted to
libertarianism. I devoured both books and became a strong
adherent of what I now know as the limited government
libertarian position or minarchism.
While Atlas Shrugged and Economics In One Lesson are two
extremely valuable books, today’s socialist require a direct
attack hit to shake them of their poor thinking since they are
inundated by socialist type ideas in school, on television and
just about everywhere else. Their erroneous views are supported
day and night.
The direct hit attack is The Problem With Socialism.
I plan to take the Nathaniel Branden model and ask any socialist
who wants to debate me to read DiLorenzo’s book and advance any
objections he can find to what is written in the book. The book
is that powerful and important.
If you are a free market advocate, read the book so that you
learn how to rebut all the socialists claims.
If you are a socialist, I challenge you to read the book and
email me after, if you think there are any weaknesses in it.
At EconomicPolicyJournal.com, I have a section titled, The Best
Books to Read to Get a Solid Introductory Understanding of
Economics, it is a very select list of books. I have just added
The Problem With Socialism to that list.
This powerful book is well written and its paperback pulp
fiction size, even in its hardback edition, will result in it
not appearing daunting to the current new generation that
absorbs things in bits and bytes.
They’ll read it. The smart ones will absorb it and their
socialist views will be blown up inside their minds with extreme
intellectual force.
Reprinted with the author’s permission.
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