When socialists take power in a previously functioning market economy, capital flees first. Investment dries up before a single law passes, because entrepreneurs read political signals.
Britain's 1945 Labour government nationalized steel, coal, and rail. Productivity in those sectors fell immediately and required perpetual subsidies funded by taxing the private sector that remained.
You end up paying twice: once through higher taxes, then again through scarcity and degraded services that replace what functioning markets provided cheaply.
The villain is the bureaucrat replacing voluntary exchange with coercion, believing his spreadsheet outperforms the decentralized knowledge of millions of people acting in their own interest. Ludwig von Mises laid out the calculation problem in 1920. Socialist planners cannot rationally allocate resources without genuine market prices. That problem has no solution. Every socialist experiment confirms it.
The far-left Die Linke party has won the regional election in Berlin.
The leader of Linke in Berlin Elif Eralp celebrates hard tonight.
LINKE: 25.6% (13.4%)
CDU: 18.9% (18.9%)
AfD: 16.1% (+7.0)
Greens: 14.3% (-4.1)
SPD: 12.1% (-6.3)
BSW: 4.7% (+4.7)