What the bloody hell is Socialism?
by, Jul 28 2012 at 12:50 PM (234 Views)
We here many an ignorant comment about socialism. The simplest is the irrational "government is socialism". The most amusing is "Obama is socialism". But what is socialism? I'd suggest the focus by many of my middle class comrades has been too much on equity. Socialism is condemned to "helping the kids cos we're nice and can forgo the Maldives trip, just for once, don't you know". Nah to all that bobbins! Socialism is ultimately about economic efficiency. It is the only means that such efficiency is associated with libertarianism, demonstrating how worker ownership and control of the means of protection eliminates harmful coercion.