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Cliches of Socialism Number 30
“The Government can do it cheaper because it doesn’t have to make a profit.”

Also from the FEE Library
Hazlitt’s Newsweek, Best of the Free Man’s Library List by Henry Hazlitt
Hazlitt’s Newsweek, Best of the Free Man’s Library List. Complies a short list of the best books on economics from Hazlitt’s book The Free Man’s Library.
Cliches of Socialism Number 20 by Hans Sennholz
“Don’t you want to do anything?”
Cliches of Socialism Number 29 by Paul L. Poirot
“Private businessmen should welcome government competition.”
Liberty: A Path to its Recovery by F.A. Harper
This 1949 book by Harper is a short and very readable overview of the concept of liberty, written at a time when liberty was under threat in all sorts of ways. He discusses three types of liberty: of thought, of personal relationships, and economic freedom. He also explores the relationship between rules and liberty as [...]
“Stalin as Classical Economist” by Henry Hazlitt by Henry Hazlitt
“Stalin as Classical Economist” by Henry Hazlitt. October 20, 1952 Newsweek Business Tides column about Stalin’s need to adapt more market policies in the Soviet Union.

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[...] The closest the Soviet Union came to actual pure socialism was the period known as War Communism, 1918 to 1921. This period is unanimously seen as a disaster, even among socialists. Production fell in most if not all industries, and millions starved to death. From then on the Communist Party struggled to keep hold of both their Marxist ideology and their power. Naturally the latter took precedence, and as a result the price system, which they originally wanted to abolish, took on a larger and larger role. Henry Hazlitt discusses Josef Stalin’s struggle with exactly this problem in today’s document, the October 20, 1952, Newsweek Business Tides column, “Stalin as Classical Economist.” [...]
12 December 2011 at 8:00 am