SOCIALISM STRUGGFLES   Doug Cardell, an economist and author of Why Socialism Struggles, joined Dale Hutchinson to discuss the flaws of socialism as an economic system. Doug argued that Karl Marx misunderstood economics and that socialism, which eliminates economic freedom, cannot coexist with democracy. He criticized the concept of “democratic socialism” as contradictory and highlighted how large-scale production is essential for modern goods, contrasting with the idealized vision of small, local businesses. Doug explained why socialism fails economically, noting that economies are inherently unpredictable, much like weather systems. Central planning under socialism leads to inefficiencies because it cannot account for individual consumer choices. He emphasized that value is subjective and based on consumer preferences, advocating for teaching people to create value for others as a way to reduce poverty and improve overall well-being. The conversation also explored broader economic principles, including spontaneous order, meritocracy, and capitalism. Doug argued that decentralized systems, like nature, adapt better than government-controlled economies, and he supported policies such as a flat consumption tax. He stressed the importance of rewarding performance, personalized education, and the role of capitalism in improving living standards worldwide. The discussion concluded with reflections on housing affordability, personal finance, and the benefits of aligning work with individual talents and values. Dale Hutchinson [email protected]

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