“Having watched Chinese refugees arriving, he concluded they seemed to be getting along fine if left to themselves, so he made it the crux of his policy for the government not to do much to help refugees, beyond giving them freedom, security, the rule of law and a hard currency.” Can a “Hong Kong for Refugees” Solve the Crisis? | Foundation for Economic Education

Having watched Chinese refugees arriving, he concluded they seemed to be getting along fine if left to themselves, so he made it the crux of

“The core problem is that a socialist economy divorces actors from the consequences of their actions. This seems at first blush like it’s more humane — why not insulate people from suffering? — but in reality it encourages people to persist in failure, and, before you know it, thirty million people starve to death. The only way to prevent that from happening is for people who are wrong to discover that they’re wrong — swiftly, unambiguously, and painfully.” Why Socialism Is Impossible – Bumbling Bees

The core problem is that a socialist economy divorces actors from the consequences of their actions. This seems at first blush like it’s more humane

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