It has been the disappointing experience with Russian-type socialism which has led to the emergence and development of modern social-democratic socialism.
For Quinn Slobodian, economic arguments for the market are mere business propaganda. He does not grasp that the argument for free exchange follows from elementary economic theory.
Whether racially motivated or not, land expropriation in South Africa is just another episode of state-forced wealth redistribution — with disastrous effects.
Capitalism doesn't have to be implemented in a "pure" form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.
