Critique of Socialism and Legal Plunder

All Socialists Are Ignorant, But Some Are More Ignorant Than Others...

All Socialists Are Ignorant, But Some Are More Ignorant Than Others... Authored by Lloyd Billingsley via AmericanThinker.com, In The Law, published in 1850, Frédéric Bastiat made a case against “legal plunder,” the perversion of the law to violate liberty and property rights. Nearly 100 years later in The Road to Serfdom, Friedrich Hayek warned that socialists, whatever their intentions, lacked the knowledge to command the economy. Hayek also explained how the worst always get o...

By Tyler Durden