Socialism Sucks: Two Economists Drink Their Way Through the Unfree World

Socialism Sucks: Two Economists Drink Their Way Through the Unfree World

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Hardcover, Pages: 224

Genres: Economics, Politics, Nonfiction, History

Reads: 13

Downloads: 886

Rating: Rated: 409 timesRate It

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Description

Do We Have to Say It Again? Socialism Sucks!

Apparently we do. Because today millions of Americans—young and old—are flocking to the socialist banner and chanting, “What do we want? Socialism—the economic system that has impoverished people everywhere and resulted in the deaths of tens of millions! And when do we want it? Now!”

Really?

Most people seem somehow to have missed Economics 101 and don’t understand that socialism isn’t nice, cuddly government that takes care of everything for you so that you can remain an adolescent forever. No, we’ve seen it tried over and over again with catastrophic consequences.

Luckily, two semi-sober economists have toured the socialist world so you don’t have to. And they’ve come back with this stunning report: Socialism Sucks!

Along the way, you’ll learn:

• Why the so-called Swedish model might be attractive, but sure isn’t socialism (Sweden is capitalism with a big welfare state)

• How socialist Venezuela went from being the toast of liberals everywhere—Viva Venezuela!—to being just toast

• Why you never see new cars in Cuba

• Why no one forgets to turn out the lights in North Korea (hint: there aren’t any)

• Why American socialists have no idea what socialism really is

How hard it is to find good beer—or sometimes any beer at all—in socialist countries

Irreverent but honest economists Robert Lawson and Benjamin Powell have all the data—and even more important, the firsthand global experience—to affirm that socialism fails to deliver on any of the utopian promises it makes and instead is very bad for your economic (and other) health. This is a book that every American who values freedom and sound economics (and good beer) needs to read.

Reader Reviews
  •    Zulukus Buwalda
    2020
    I wish all the socialist sympathizers would read this one, it's nothing like what most people think.
    Reply
  •    Vudohn Fairtile
    2020
    Socialism Sucks is a quick, light-hearted, entertaining read for those who appreciate free markets. The authors travel the socialist world drinking and observing how people live. Their trips to Venezuela, Cuba and North Korea were particularly interesting, as was their attendance at a socialist conference. Predictably, their conclusion is in the title.

    Having met the author last summer, I was motivated to eventually read it and it did not disappoint. I appreciate that it was brief (at 2x speed, it takes only 2 hours to listen to) and not overly involved with economic formulas. Austrian economists are refreshingly accessible. I doubt that devoted socialists will read this, but they should at least wonder why the countries that espouse their beliefs are such miserable places to live.
    Reply

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