With politicians such as Bernie Sanders and AOC constantly chattering about the delights of socialism, it would be a good idea for Americans to understand the case against it.
The Austrian economist Ludwig von Mises published his great book Socialism in 1922, and his argument that socialism would inevitably mean a far poorer society has never been refuted.
In this Future of Freedom Foundation article, Professor Richard Ebeling writes about Mises’ great contribution to economic understanding. Read the article to grasp what’s wrong with socialism.