On Socialism’s Rhetorical Appeal

Socialism’s appeal has always lain primarily in its vision of living in a fantasy land, a land of lollipops and lemonade, a land where everyone has plenty and all have the same. Aside from the utter impossibility of attaining such abundance without private property and free markets, this vision has a fatal element of abstraction from the realities of the Iron Law of Oligarchy. It declares that “society” or “the community” will own all the means of production, but in reality this communal ownership always boils down to de facto ownership by a political elite with untrammeled power and a determination

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