Socialism, which is at its core an economic theory, is somewhat of a hot topic of discussion these days among political candidates and pundits. And it seems to be the case that some potential voters are starting to view socialism as not only not so bad, but perhaps even attractive.

How can that be when history shows quite clearly that in practice it has an abysmal record in terms of economic performance and many other aspects related to societal and individual flourishing? What’s needed is a reality check to clarify precisely what socialism is and what it isn’t and that’s what this episode is all about.

This episode sponsored in part by:

https://www.tryguardianoil.com

Attributions, Links & Resources:

Lawson, Robert and Powell, Benjamin. Socialism Sucks: Two Economists Drink Their Way through the Unfree World. Regnery Publishing: Washington, DC, 2019.

“Economic Calculation in the Socialist Commonwealth,” by Ludwig von Mises.

https://mises.org/library/economic-calculation-socialist-commonwealth

“Discovery” from the album “Essence” by RRAREBEAR (Used by artist’s permission.)

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