Socialism

The problem with socialism.

"Following Mises and Hayek, I define “socialism” not just as “government ownership of the means of production.” As Hayek wrote in the 1976 edition of The Road to Serfdom, “socialism” evolved by that time to also mean government-enforced redistribution of income through the welfare state and the progressive income tax, primarily. The ostensible end of socialism — income equality — remains the same, but the means have evolved."

Yes.