Monday, January 16, 2006

Socialism Is Wrong

Socialism must be abandoned by serious thinkers. Brian Holtz observes that socialism says that the state should protect civil liberties, regulate unequal private economic association, provide social insurance, and monopolize certain industries and resources. However, socialism fails, as Holtz shows, because it violates property rights and rights of free economic association. By imposing poor regulations and collectives, economic prosperity is impaired.