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FOXNEWS Life Liberty Levin August 26, 2019 02:01:00

On real world and you came close to them. that is seller, with gray, support, china but this is a fascinating book. one of the things i liked about the book is it s readable. the people who need to read it it s readable like millennial and leftists and like democrats running for president of the united states. let s get started. let s start with you professor laughlin. what is democratic socialism? we hear bernie sanders use that term but what does it mean? let s start with socialism. it means the state will control the means of production, labor, land and capital will be run by the government. if you want to attach democratic in front of it the idea, i suppose, is you will have democratic system voting politicians who will elect central planners. ....

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FOXNEWS Life Liberty Levin August 26, 2019 05:02:00

That is for the problem comes in. once you centralize economic control in the hands of a few people and that s what socialism inevitably, in my definition, does. how do you then have billions of people and it doesn t work and so it s been tried. greatest example in the modern era of democratic socialism is probably venezuela. chavez was elected by all accounts a free and fair election and instituted new constitution starting his socialist revolution and they nationalized industry with price control and all the things that go with socialism. what happens? as it inevitably happened socialism has been tried the concentration of power and economic control in the hands of a few they cannot keep the democracy and ended up using the power of the state to hammer down on their political opponents. media, independent journalists and independent professors and all sorts of people in the other ....

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FOXNEWS Life Liberty Levin August 26, 2019 05:40:00

Decisions built into these things that have nothing to do with brainpower. what do you make of this? absolutely. when we went to chicago and it s fitting that it was in chicago. we call this the chapter back in the u.s. as a. we talked to the overwhelming young people and they talked about precollege or forgiving that you got a host of issues where they are left of the democratic party but when you ask them for you in favor of abolishing private property the majority of them are not. they don t put socialism as the defining characters and for this environment, gender issues pick your issue but they re far to the left and somehow someone told him socialism is the answer when will we need to say is capitalism and freedom and free enterprise and association and cooperation but we capitalism is cooperation. it s cooperating on a voluntary basis. what he tried to do in this ....

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FOXNEWS Life Liberty Levin August 26, 2019 05:41:00

Project is reach out to millennial s in a way they can engage with and understand the benefits of capitalism and how socialism is the opposite of the values they espouse. mark: you are both professors and you re in a small minority. it s relatively easy if you re a marxist to get tenure in these colleges and universities. in some of the so-called leading colleges and universities faculty pick incoming faculty and it s an incestuous relationship. and so you speak out, i speak out and most republican or conservative politicians have marbles in the house and don t know how to explain the things so even when it comes to forming ....

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FOXNEWS Life Liberty Levin August 26, 2019 05:30:00

The government planners don t have access to that same information because they re not getting people to voluntarily purchase their services from the informational component of it is not the same. this is the fundament of problem of the economist that was pointed out almost 100 years ago in socialism. he asked for social economy how you calculate even if we have angels in the planning girls how you make the correlations to coordinate your advance production and says without markets it s impossible. mark: isn t part of the problem, professors, politicians and bureaucratic s with good intentions can be a big problem? that is, they may have million good intentions but that should not be imposed on us but those are those predilections and desires and what they want, no? that s correct. we talk about the economy. the economy is me and you and ben and the people watching the show in individuals with their own goals and objectives. government bureaucrats try to what friedrich hayek called t ....

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