I am doing my presentation to the School tomorrow on “I, Mechanical Pencil” which is really a critique of socialism as well as a critique of standard textbook theory which never discusses anything relevant to why a socialist economy can never work [unlike, say, a course taught by myself or Sinclair]. I built up the presentation on an earlier Catallaxy post I titled, What’s Wrong with Socialism which has as its sub-theme, why doesn’t economic theory make all of this ultra-clear.
I built the presentation up over the week as I added things to it as they occurred to me, assisted by some very useful comments to that post which have helped me clarify the direction I needed to go.
And if you would like to come along, the presentation is from 1:00 pm to 2:30 pm in RMIT Building 80 which is the multi-coloured building so you cannot miss it if you are there. The building is at the tram stop between Latrobe Street and Victoria Street on Swanston. The presentation is part of what is called a “Brown Bag Seminar” which means you are permitted to bring your lunch along. And when you get to the building the seminar room is on level 11 in Room 46/47.
LET ME ALSO NOW ADD THIS: Donald Trump: ‘Seductive’ Socialism Would Send Country ‘Down the Tubes’ in a Decade or Less. The President has practically taken the words from my mouth:
“Now with that being said, you always have to be very careful, because socialism is easy to campaign on but tough to govern on, because the country goes down the tubes,” Trump said. “But when you tell people free medical, free education, no more student loans—all of the different things that you say—it’s a great thing to campaign on, but then ten years later the country is down the tubes. It’s gone. So, you always have to be careful with it, because you know you talk about single-payer, it sounds very seductive—single-payer—say what you want, but it’s a very seductive thing. But it means you’re not going to have good healthcare, it means the country is not going to be able to afford it. Not only is the country not going to be able to afford it, but it’s more than the entire revenue stream taken in for the entire—it’s like not even close right? But nobody thinks about that. They think, free healthcare isn’t that wonderful? But the truth is when you’re up on the debate stage, and they say we’re giving you free education, we’re giving you free healthcare, we’re giving you everything you want and a Rolls-Royce in everyone’s pocket, it’s not an easy situation. But what happens is ten years later the country is gone. Okay, whether it’s this country or any other country.”
And you know what? Even those cretins pushing for a socialist future know it just as well as the President. For them, it’s the best possible outcome for themselves, and who cares what happens to everyone else. The practical result is the same, but you should also understand the motives of those who push the socialist agenda.