The Folly of Democratic Socialism – LewRockwell

“How apropos that on the weekend of the annual convention of Democratic Socialists of America taking place in Chicago the socialist government of Venezuela is demonstrating yet again the inherent incompatibility of socialism and democracy.  It was not just a coincidence, in other words, that twentieth-century socialism was defined by tyranny, dictatorship, and oppression – and not democracy. Nobel laureate F.A. Hayek explained how socialism destroys democratic institutions in his 1944 classic, The Road to Serfdom.  Socialism involves the forceful substitution of governmental planning for the individual plans of all the citizens of a country, Hayek explained.  Such a system …”

Source: The Folly of Democratic Socialism – LewRockwell

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