Socialism will create economic destruction — and already has

Erhard, Ludwig Ludwig Erhard, 1962. UPI—Bettmann/Corbis

While some may find Socialism inviting on the surface, history tells us that it leads to “chaos.” Research Director for Acton Institute, Samuel Gregg, wrote a recent piece for The Stream in which he reveals the reality behind an ideology now gaining popularity. Gregg explains how we can learn both from West Germany’s mistakes and fruitful embrace of free markets.
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