Thursday, November 27, 2025

"But true Socialism has never been tried" | Robert Higgs

Robert Higgs on the argument that 'true socialism has never been tried' :

"Of course, but the accusation is not sound. Not only has every actually-implemented socialist setup been a disaster, but socialism is intrinsically flawed for reasons spelled out by Mises and Hayek. A true market system is something we know from sound theory can work well, whereas a true socialist system is something we know from sound theory cannot work well. Even the corrupted market systems actually adopted have vastly outperformed the socialist systems actually adopted. "Real" socialism would be a disaster just as much as, if not more than, half-assed socialism like that of the USSR, China, and other places."

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