Episode 81: Despite Its Rebranding, Socialism Is Still Horrific
Words & Numbers
English - August 29, 2018 15:33 - 29 minutes - 41.3 MB - ★★★★★ - 336 ratingsEducation Business education current economics events government libertarian liberty news policy politics Homepage Download IPFS Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
We’re experiencing the rise of a new kind of socialist. The original definition of socialism—state ownership of the means of production—is beginning to fall by the wayside. What self-proclaimed socialists are asking for now is for the state to control the means of production. While this might seem like a pedantic distinction, it’s an important one. But the rebranding of socialism by democratic socialists like Bernie Sanders and Alexandria Ocasio-Cortez still fails to take into account the most important aspect of sound economics: human behavior. Join James Harrigan and Antony Davies as they drill down into the pitfalls of socialism and more on this week’s episode of Words and Numbers.
Show Notes:
Half the world will be middle-class by 2020
High schooler faces prison for shooting zombies
Foolishness of the week
NASCAR driver loses sponsorship for father’s remarks
Topic of the week: Socialism
Theory of pervasive shortages under socialism
Join the conversation