Socialism

Recorded at the Mises Institute on 27 July 2023.

“Our civilization is inseparably linked with our methods of economic calculation."

Student debt is a huge social problem, but the reason is that higher education costs themselves have become a major problem and are a financial burden whose costs outweigh its benefits.

Modern socialism is based upon state interference in normal human relationships, economic and otherwise. It is as disastrous as the older state-planning model.

The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital  methods. Modern tech now makes the job a lot easier. 

Whether political elites promote outright socialism or interventionism, they are advocating a failed economy.

President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.

Socialists and communists claim to support the rights of "indigenous" peoples. However, that support rings hollow given how the USSR abused the native peoples of Siberia, all while American socialists and communists uncritically supported the Soviet Union.

Understanding and practicing economics is the key to destroying the foundations of democratic socialism. This can only be achieved by insight into better ideas, and by reason. The Global Currency Plot is meant as a contribution to help the better ideas prevail.

Rent control is all the rage with progressives, with several states and localities trying to impose it. However, when people have their property effectively—and legally—stolen, there are long-term consequences.