The Problem with Socialism

What’s the Problem with Socialism?Let’s start with...everything. So says bestselling author and professor of economics Thomas J. DiLorenzo, who sets the record straight in this concise and lively primer on an economic theory that’s gaining popularity—with help from Elizabeth Warren and Bernie Sanders—despite its universal failure as an economic model and its truly horrific record on human rights.In sixteen eye-opening chapters, DiLorenzo reveals how socialism inevitably makes inequalityworse, why socialism was behind the worst government-sponsored mass murders in history, themyth of “successful” Scandinavian socialism; how socialism is worse—far worse—for the environment than capitalism, and more.As DiLorenzo shows, and history proves, socialism is the answer only if you want increasing unemployment and poverty, stifling bureaucracy if not outright political tyranny, catastrophic environmental pollution, rotten schools, and so many social ills that it takes a book like this to cover just the big ones.Provocative, timely, essential reading, Thomas J. DiLorenzo’s __The Problem with Socialism__ is an instant classic comparable to Henry Hazlitt’s Economics in One Lesson. “Like in a bad horror movie, once-dead socialism has come back to life in the United States, capturing the attention of many young people with promises of free things. Our public education system fails miserably in teaching students about the millions of graves filled over the past century by the horrors of socialism. Fortunately, we still have writers like Professor Thomas DiLorenzo to shine light on the socialist lie and guide the youth to the real guarantor of happiness and prosperity: a free society. DiLorenzo’s book is a pleasure to read and should be put in the hands of every young person in this country—and elsewhere!” — Former Congressman Ron Paul “With so many universities having been turned into socialist indoctrination academies, it is a worthwhile investment for parents with college-age children to buy two copies of The Problem With Socialism—one for their children and one for themselves.” — Walter E. Williams, John M. Olin Distinguished Professor of Economics, George Mason University and nationally syndicated columnist “Utterly faithful to the first principles of von Mises and Hayek, and consistent with his myth-busting works on Lincoln and Hamilton, Professor Thomas DiLorenzo has given us another fearless masterpiece. In The Problem With Socialism, he skillfully dissects the intellectual bankruptcy and false reality that have been the earmarks of the systemic legalized theft that socialism became wherever it was tried. We already know that rather than freedom, prosperity, and hope, socialism brought chains, misery, and despair. Now we have that history clearly documented in this powerful, unassailable, and readable book which should be mandatory reading wherever Economics 101 is taught.” — Hon. Andrew P. Napolitano, Senior Judicial Analyst, Fox News Channel, and Distinguished Visiting Professor of Law, Brooklyn Law School 'DiLorenzo's book is a pleasure to read and should be put in the hands of every young person in this country - and elsewhere!'—FORMER CONGRESSMAN RON PAUL'It is a worthwhile investment for parents with college-age children to buy two copies of The Problem with Socialism -one for their children and one for themselves.'—WALTER E. WILLIAMS, John M Olin Distinguished Professor of Economics, George Mason University and nationally syndicated columnist'Ever wonder what one book you should give a young person to make sure he doesn't fall for leftist propoganda? You're looking at it.'—THOMAS E. WOODS, JR., host of The Tom Woods Show, author of the New York Times bestseller The Politically Incorrect Guide to American HistoryWhat's the Problem with Socialism? Let's start with...everything. So says bestselling author and professor of economics Thomas J. DiLorenzo, who sets the record straight in this concise and lively primer on an economic theory that's gaining popularity—with help from Elizabeth Warren and Bernie Sanders—despite its universal failure as an economic model and its truly horrific record on human rights. In sixteen eye-opening chapters, DiLorenzo reveals how socialism inevitably makes inequality worse, why socialism was behind the worst government-sponsored mass murders in history, the myth of “successful” Scandinavian socialism; how socialism is worse—far worse—for the environment than capitalism, and more. As DiLorenzo shows, and history proves, socialism is the answer only if you want increasing unemployment and poverty, stifling bureaucracy if not outright political tyranny, catastrophic environmental pollution, rotten schools, and so many social ills that it takes a book like this to cover just the big ones. Provocative, timely, essential reading, Thomas J. DiLorenzo's The Problem with Socialism is an instant classic comparable to Henry Hazlitt's Economics in One Lesson.'In the words of Thomas E. Woods -'Dance on socialism's grave by reading this book.' Remember When Socialism Was A Dirty Word? Now Students At America's Elite Universities Are Parroting Socialist Talking Points And Sure-thing Hillary Clinton Is Struggling To Win The Democratic Nomination Against A 74-year-old Avowed Socialist Who Promises To Make The Nation More Like Europe. What's Happened? Do Americans Need A Reminder About The Dangers Of Socialist Ideology And Practices? Thomas Dilorenzo, Economics Professor And Senior Fellow At The Ludwig Von Mises Institute, Deconstructs The Retrograde Ideology That Has Suddenly Become Disturbingly Hip. The Problem With Socialism -- Why Socialism Is Always And Everywhere An Economic Disaster -- Egalitarianism Versus Human Reality -- Islands Of Socialism: The Follies Of Government Enterprise -- Why The Worst Rise To The Top Under Socialism -- The Socialist Roots Of Fascism -- The Myth Of Successful Scandinavian Socialism -- How Welfare Harms The Poor -- How Socialized Medicine Kills The Patient And Robs The Taxpayer -- How Socialism Causes Pollution -- Karl Marx's Progressive Income Tax -- Minimum Wage, Maximum Folly -- How Socialist Regulation Makes Monopolies -- Destroying Capitalism By Socializing Capital -- Is Socialism Really The Best Way To Organize Schools? -- Socialist Myths And Superstitions About Capitalism. Thomas Dilorenzo. Includes Bibliographical References (pages 193-214) And Index.