Socialism’s Prescient Critics | The Freeman | Ideas On Liberty

“As well as being arrogant, socialists were also deeply misguided, argued Bastiat, because they confused society with the State, and altruism with collectivism. As a result, he predicted, their economic program would only undermine the spirit of true fraternity and impoverish society, since moral and social progress depend on individual creativity and voluntary cooperation, not government planning and coercion. Finally, Bastiat pointed out, by concentrating all resources and decision-making in the State, socialism only offered a recipe for permanent social conflict and revolution, since it would arouse expectations that could never be satisfied, and encourage everyone to live at each other’s expense through the tax and benefit system.”

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