Thursday, September 20, 2018

Murray Rothbard: Even if we all became New Socialist Men, Socialism would still not work

This is an important point by Murray Rothbard.

Many socialists believe all that is needed is for socialism to thrive is for a "socialist man" to emerge who is willing to work for the greater good, but there is a much bigger problem: the economic calculation problem, that is, central planning is dysfunctional in determining what should be produced even when workers are willing to follow the orders of the central planners.


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