Saturday, July 21, 2018

Will Democratic Socialists give us "a humane social order?"

A news story about Democratic socialism rising in the age of Trump, most notably 29 year old Alexandra Ocasio-Cortez:

the group’s constitution describes its members as socialists who “reject an economic order based on private profit” and “share a vision of a humane social order based on popular control of resources and production, economic planning..."

OK, they obviously ignored all of lessons of Chapter Two, showing the incentive aligning effects of private property and profit, and how incentives lead to inequality because they reward productivity.  

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