Socialism may be established by force, as in the Union of Soviet Socialist Republics—or by vote, as in Nazi (National Socialist) Germany. The degree of socialization may be total, as in Russia—or partial, as in England. Theoretically, the differences are superficial; practically, they are only a matter of time. The basic principle, in all cases, is the same." Ayn Rand
Why Socialism is Dead (from the neck up) - http://www.ronpaullibertyreport.com/archives/why-socialism-is-dead
"The great Austrian economist Ludwig von Mises proved that without market prices, a socialist government "can't calculate".
In other words, without market prices, there can be no profit or loss. Without profits and losses, government has no clue as to whether or not they're allocating resources in the right areas.
In order to have market prices, there must exist private property owners, who own their own property and voluntarily trade it with other property owners. That's how prices are formed. This concept flew right into the face of the socialist planners. After all, they were to be the only property owners. Everyone else was to obey orders. Private property and socialism are mutually exclusive. You can't have both."
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