Students For Liberty
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So, is this man thinking the words, and they're appearing on a computer?
And there are people out there who hate billionaires and would prefer to transfer all their money to be wasted by politicians.
In October 1937, at the height of the Great Terror, Stalin's secret police was shooting roughly 1,500 Soviet citizens every day.
That same month, the founders of the London School of Economics published the second edition of their two-volume defense of Stalin's regime, Soviet Communism: A New Civilization.
The one thing they changed from the first edition was dropping the question mark. ๐งต
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Warren identified the deeper problem almost a century before Ludwig von Mises and Friedrich Hayek made it famous in academic economics.
When everyone owns everything, no one owns anything. When labor earns the same reward regardless of effort, effort disappears. When prices vanish, no one knows what anything is worth.
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In 1825, a rich Welsh industrialist bought an entire American town to prove that socialism could work.
He had the money, the buildings, the theory, and hundreds of eager followers waiting to move in.
Two years later, it was over. ๐งต
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