Saturday, July 28, 2018

What Are They Teaching Them in Schools These Days?


I believe this may reflect a shift in the meaning of the word socialism amongst millennials.

Today's kids may think of socialism as handouts by the state, welfare handouts, medical care handouts, education handouts etc., and regulation of corporations to be politically correct citizens, rather than direct state ownership of capital and businesses. Though there may be exceptions where, for example, stay run healthcare is approved of.

It is probably closer to Mussolini-style fascist economics than Soviet Union total command and control economics.

It is, of course, as Ludwig von Mises taught us an unstable, middle-of-the-road economic structure which tends to lead to more and more state control. He called it socialism by installments.


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