Socialism: summary list of basic characteristics

Socialism is typically defined as a system of economic, political, and social processes.

  

                     ECONOMIC

There is an economic identity between socialism and universal wage and price controls in their nature and effects


collective ownership or control (fascism) of:

property

investment

production

means of production = government monopoly

distribution/allocation

profits


economic chaos and chronic economic crisis:

shortages of labor and consumers' goods

waiting lines

first come, first served

rationing

black markets

anarchy of production

technological backwardness

inefficiency/waste in production

destruction of profit motive, price system, property rights, and economic calculation

destruction of the activities of separate individual planners

impotence of consumers

hatred between buyer and seller

impetus toward higher costs

quota system of production

economic stagnation leading to economic destruction and progressive impoverishment

minimal capital accumulation

government monopoly on production

forced labor & necessity of mass murder


                                          POLITICAL

worship of big government

centralized government

bureaucratic management

central planning based on arbitrary/random/irrational whims and tastes of planners

government monopoly on production, allocation, distribution, intelligence, judgment, knowledge

government monopoly - fear of punishment paralyzes individual initiative and innovation

government disinterested monopoly supplier (such as socialized medicine)

socialized medicine:

decreased care and concern

indifference or contempt toward patients

decrease quality of service (decrease reliability and dependability)

decreased quantity of service

increased waste and inefficiency

increased costs

increase aggregate demand

tyranny and statism

tyrannical leaders terrified of being overthrown by the masses

need to use force to control the masses

force and violation of natural rights

statism, tyranny, and totalitarian dictatorship = necessity of:

-ends justify the means

-might make right

-above and outside of the law 

-reign of brutality, oppression, terror, penalties, fear, paranoia,  and mistrust

atrocities & brutality

-forcible seizure/appropriation of means of production and abolishment of ownership of property


slavery and terrorism

no free elections = black lives don't matter

police state

secret police

government spies and secret informers

sham trials

arbitrary arrest and imprisonment

end of freedom of speech and freedom of the press

persecution

purges

no spontaneous assembles

rulers chosen by the process of selection - selection of the worst

need for scapegoats 

need for game behavior

policy of secrecy



                                                   SOCIAL

managerial

custodial

parental = government is a nurturing parent

censorship

propaganda & indoctrination

interventionism

redistributionism

social engineering

political correctness

social justice

welfarism

multiculturalism

system of aristocratic privilege and elitism of leaders = the exploiters

powerlessness of the masses

impoverishment of the masses = living at minimal physical subsistence level

infantilization of the people

childlike dependency on government

parasitism on the state

life in a socialist hellhole is a nightmare = angry hostile masses

concentration camps


Sources:

Capitalism by George Reisman

Marxism/Socialism by George Reisman

Socialism by Ludwig Von Mises

A Theory of Socialism and Capitalism by Hans-Hermann Hoppe


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