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The Top Ten Reasons Why Socialism is Wrong

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1. Marx’s Labor Theory of Value, adapted from Ricardo, is wrong. Work is not exploitation and profit is not theft. (For more on this subject see Schumpeter’s Capitalism, Socialism, and Democracy.) 2. Historical Materialism begs the question of human agency. It is unexplained how socialists come to have consciousness that is “authentic,” while capitalists have “false consciousness.” Marx’s theory underplays ...

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Father Government: Federalizing Childcare

Even though she was evicted from her position as Speaker of the House, Rep. Nancy Pelosi (D-Calif) is still trying to tell us how to run our own houses. Her latest frightful commitment to the American people is that if the Democrats are re-elected in 2012 “we will do to childcare what we did to healthcare.” As if that’s a ...

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