Note that several essays on socialism are found at the bottom of this post.
Many of us are unsettled as we see protesters in the street chanting for cops to be shot, or because we see political promises not being kept. Perhaps you are a little frustrated because you want to respond according to your own convictions and not according to someone else’s. The uncertainties about which candidates are honest or about which party is less threatening, can take a lot of joy out of political participation. You shouldn’t feel badly if you find it difficult to sort out legitimate political assurances from routine political hype.
The Purpose of this Website
This website is designed to bring knowledge and peace to those unsettled with today’s political landscape. Both parties have their inadequacies and failings, but one has pursued a growing flirtation with socialism. Most democrats have stood aside quietly while their party has moved rapidly to the left. Some thought a President Biden would be a good choice because he was said to be a moderate. Unfortunately, it became clear that he is very supportive of the extreme left. Most Americans have little knowledge of what socialism is or why people say that it leads to tyranny and economic failure. Having made a career-long study of socialism’s theories, history, and practical attempts to establish socialism in particular countries, I can warn you that socialism presents issues that have proved disastrous in numerous countries. Moreovere, I can explain in straightforward terms why it is so disastrous for countries who adopt it without knowing its history, its politics, or its economics.
Socialism is a comprehensive book about the economics of socialist society, how it is organized and how it functions. The book is over 800 pages because it addresses all aspects of socialism. It first reviews the original ideas, sometimes ancient ones, in socialism’s history before and after Karl Marx. It also investigates the countries that have adopted socialist or Marxist-Leninist theories – the Soviet Union, some of the Soviet bloc countries, India and China.
It also reviews the attempt to establish socialist economies in the democratic countries of Western Europe in the century after Marx, down to the time that nationalization of industry and the centralization of economic decision making proved ineffective and an abject failure. It was then that socialism as an economic system disappeared.
Finally, the book investigates socialism in the United States, discussing the reasons why, until recently, it always failed at the American ballot box; Franklin D. Roosevelt introduced a number of socialist policies and such policies were revisited with the presidency of Barack Obama. One can laud the good intentions of socialists, but this book explains why socialist systems have never succeeded and why they cannot succeed. One should remember that socialism is , first, a set of income redistribution policies. Scandinavian countries love such policies, but they realize themselves that they are capitalist or market countries, because redistribution of incomes alone does not constitute socialism. Second, socialism also involves government takeover (ownership and management) of all the country’s industries (i.e., the nationalization of industries).
Reviews. The book’s reviews were very positive and are found on this website. See the list of this site’s pages above.
Socialism’s Author. In 1961 I was living in Berlin when the wall was built! I saw the concrete, the barbed wire, and read of the people shot trying to escape to West Berlin and freedom. I went home to the United States to continue my studies, hoping to find out why a country must build a wall to keep its people from fleeing. I took courses in Marxism as an undergraduate, and studied comparative economic systems, then went on for a PhD in economics at Ohio State. I became a professor at the University of Arizona where I taught economic systems, and international trade and finance. Twenty years later I transferred to the Marriott School at Brigham Young University. Over that forty plus years of my career I researched socialist systems, spent sabbaticals and research time living in West Berlin, in communist East Berlin (Karlshorst), and in Marburg, Munich, and Duisburg Germany, Vienna, London, and Moscow.
In November of 1989 I attended a conference in West Berlin on German Unification in the 1800s. During the week of the conference, the Communist Politbuero in East Berlin announced on the radio that the Wall was open. So I was present at the construction of the Wall and almost thirty years later for the opening and the subsequent demise of the Wall.
The fatal problems of socialism
The second task of socialism is to tax money away from those who have it and to give it to those who do not. These twin methods of nationalization and income redistribution constitute socialism. But historically, when nationalization failed to work, there was nothing left for socialism but redistribution. Nationalization and economic planning and centralization attempt to replace millions of individual, private economic plans with one over-reaching, overly ambitious government plan that becomes a bureaucratic nightmare unable to account adequately for the innumerable economic variables involved. Socialism thus exhausted its unique economic initiatives, since the other, non-socialist political parties also adopted income redistribution and welfare policies. Nothing original remained for the socialists to advocate in the field of economics except pushing redistribution to the extreme of financial failure.
- The Huge Financial Problem that Socialism Ignores. Socialism provides many subsidies, but there will never be enough funds to take care of all social needs over the long haul– the funds required to take care of a whole country from cradle to grave are far more than the total incomes of all the rich. lf we taxed away their entire incomes, receipts would not be enough to fund “Medicare for all!”, let alone all the proposals (including the “Green New Deal”) socialists will promote henceforth. For detailed evidence of the assertions I make here, scroll down from “Welcome, Friends” to the list of blogs that have been posted. There, see “Socialist Spending Plans and Alexandria Ocasio-Cortez (AOC)” and “The Seventy Per Cent Income Tax of Alexandria Ocasio-Cortez.”
National Fiscal disaster waits at the end of the socialist road. But there are additional unintended consequences of socialism. Dependence, frustration, and the loss of dignity and freedom are also the consequences of the tyranny required to establish and maintain control of the socialist system over time. A look at Venezuela today shows that socialism’s consequences can include poverty, hunger, hyperinflation, tyranny and violence.
Why Redistribution Stops Economic Growth and produces an equality of poverty.
Socialism’s greatest problem is that it involves a huge over-reach of the government, which tries to take over the ownership, planning, and management of the entire economy — all the small businesses and all of the smaller and large, multinational corporations. It’s simply too much to manage effectively for the government bureaucracy.
Even if the government restricts itself to extensive redistribution of incomes, socialists find they have a very serious problem that helps lead it to an equality of poverty.
Society’s very wealthy and even its relatively affluent households are continually saving for their future, for retirement and to leave something for their children. These savings are a pool of money available to individuals and firms wanting to invest in new industrial equipment, new innovations, new technologies, and the things that produce new jobs and economic growth for the whole economy. If society decides to confiscate through socialistic taxation all those savings for the purpose of free education, a universal income for those unwilling to work, and new, green housing, etc., all the funds available for investment and growth are simply consumed. They disappear. It’s like eating the seed corn! The resources consumed in socialist programs totally eliminate savings and investment for new innovations, new firms, new technologies, new factories and equipment — and growth screeches to a halt. In the meantime, consumers, who get what they need through subsidies, no longer have an incentive to work hard, get training and education, save, and build for a bright future. They are prepared to relax and share an equality that turns out to be one of stark poverty.
Borrowing Money for Current Socialist Expenditures. But that’s not all! In the United States, if there is not enough money for a social project, the government simply borrows in the Obama fashion, spending more than they could possibly pay back. But we reach a point where people and countries do not trust the U.S. Treasury and they will only loan to us at high interest rates. Gradually, most of our budget goes for paying the interest on our loans, which amounts currently to about $500 billion per year, and when the government can no longer meet its payments, the whole financial system collapses.
Printing Money If the government follows the American socialist idea of simply printing money, as Venezuela has done, you soon find that you have to pay a million dollars for a loaf of bread. This we call hyperinflation. On occasion the European Union has nightmares about this outcome as countries like Spain, Italy, Greece, Portugal, Ireland start to drift toward insolvency and financial collapse. Venezuela is even further down the socialist financial path than Europe.
Consider now the loss of Freedom in socialism. In the rebuilding period in Europe after the Second World War, Friedrich Hayek and others observed how the socialist attempt to implement economic planning and tight control over their formerly market economies leads to a loss of freedom. The Nobel Prize winning Hayek called this The Road to Serfdom.
Socialists take over because of their loathing of markets and capitalists. They confiscate the property and wealth of the so-called bourgeoisie, the wealthy and affluent, then they install an economic planning regime in which a large government bureaucracy makes all the decisions. A dictatorship of the proletariat has the task of maintaining control and preventing a counter-revolution by those who don’t want to give up all their wealth, property and businesses to the government. People also complain about the arbitrariness and extreme inefficiency of the central economic planning. Then, when the party’s media have to control thought and speech, we find ourselves on the way to a virulent dictatorship. In the United States this will be a little different, since even before the revolution (or coup) the media have given themselves over to be a voluntary propaganda ministry for the socialist party. This occurred even before the main broadcasting stations and newspapers devoted themselves to full-time Trump hating.
If you observe the attitudes of socialists, their body language and their public statements, in their resistance of the office of the President of the United States today, you cannot help but see the hostility and hatred they exude. Can you doubt that such individuals will fail to use power, if they can get it, to enforce their own will without compromise – dictatorially?
What is my objective?
I would like to give encouragement to the talented and creative young people struggling with student debt and many others who are often discouraged about their future prospects. Many have been struggling with joblessness and low wages. But there is hope in this wonderful country as employment opportunities have increased surprisingly under President Trump. It will also become increasingly possible for people to get education and training and to qualify for jobs. Many are striving to seize the opportunity to work and to make something of their lives. Socialism offers to subsidize us with someone else’s money and with government goodies to take care of us. I want people to realize that happiness does not come from a handout – it comes from having worked and succeeded in making something of our lives. And Americans want that. As the economy has recovered in the past couple years, people have been fleeing the welfare rolls, anxious to go back to work.
Finally, all of us need to learn what socialism is and the hazards it presents to our nation’s treasury, to our personal freedoms, and to our prosperity.
Friends, as you can see from the menu at the top of the page, this website has a link to “Order a Copy” of the book. I turned down a prestigious publisher, who offered to publish my work as three separate volumes and charge $120 for each volume (or $360 for the whole set). Instead, I published all three volumes as one massive book with Xlibris so you could buy an electronic copy at a very low price ($3.99), or a paperback copy ($15.67 at Amazon) or hardbound copy ($23.88) at a very reasonable price. Check it out. If you buy, your friends may think you are a genius.
- Life in Socialist Countries: Losing Freedoms, Gaining Economic Failure
- Corporations and Their Stakeholders: The U.S. Business School Contribution to Socialist Indoctrination
- Socialism USA: The Fascism Variant
- How Voting for Socialism Caused Chechoslovakia Forty Years of Misery
- Elegy for Ashli Babbitt
- Racism and the Legacy of the Democratic Party
- The Open Borders of American Socialists
- The American Culture of Death
- The Revolution is On!
- The 2020 Nationwide Demonstrations: Part One
- The 2020 Nationwide Demonstrations. Part II
- What is the Difference between Socialism and Communism?
- The Socialism of Karl Marx: Love or Loathing?
- Communitarian Experiments in America: An Evaluation of Private Sector Socialism, Part I
- Communitarian Experiments in America: The Character of Community Leaders and Followers, Part II
- The 2019 Trump Coup
- The Market System
- Karl Marx, Father of “Scientific Socialism”
- Bureaucracy in Market and Socialist Economies
- The Definition of Socialism: Meet Bernie Sanders
- Do You Know the REAL Joe Biden?
- Socialist Spending and the “Fair Share” to Be Paid By Wealthy US Taxpayers
- Racism and the Legacy of the Democratic Party
- Bidenomics and the Seventeen Nobel Laureates
- INSURRECTION?
- Socialism, Science and the Future of Mankind
- Demographic Winter and the Future of Socialism
- Social Policy and Non-Economic Issues in American Socialism
- American Socialism and Economic Policy
- Reparations
- What Will Our New Socialism Bring Us?
The book addresses every aspect of socialism and documents its serious issues. The pages of the website introduce various aspects of the book. Also included in this website are a series of blogs I have recently written about current policies and problems in the public discussion. These include the following blogs: