Invitation to seminar tomorrow on Why Socialism Cannot Work

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.

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23 Responses to Invitation to seminar tomorrow on Why Socialism Cannot Work

  1. stackja

    I hope you get a good attentive audience. I live in Sydney, and don’t travel.

  2. Dr Fred Lenin

    What do you mean socialism doesnt work ofcourse it does , Venezuela ,Cuba , north Korea,China all different kinds of socialism . Socialism is like gender a huge number of variants ,recently Sandersism Pelosism a carsie -corsetism in the USA. And we have home grown Shortenism and Nataleism . Dont knock it ,it is the way of the future innit ?

  3. Roger

    All the best, Steve; I hope you won’t just be “preaching to the choir”, though.

  4. Mak Siccar

    Good luck Steve, and I hope the room is chocker’s full of interested people. Perhaps your talks could be recorded and shown on Sky or similar in order to get the message out to the people.

  5. Iampeter

    …why doesn’t economic theory make all of this ultra-clear.

    Because it’s about ethics not economics and “capitalists” like you, hold to the ethics of socialism, so lose the battle by default.

  6. RobK

    I’d be interested to see a recording. Keep up the good work. It’s a bit far from WA for a lunch break. Thanks just the same.

  7. lotocoti

    why a socialist economy can never work

    Well not while the CIA can hack into an analogue electrical grid.

  8. Nato

    Haven’t been sober on the CBD for nigh on a decade. This might be worth it. Set you there

  9. egg_

    If it’s being hosted in Venezuela, I think the power’s still orf?

  10. Empire 5:5

    A snake can get only so fat eating his own tail.
    Socialism can never work.
    That’s showbiz.

  11. Empire 5:5

    An excellent refresher for brushing up on the consequences of allowing mob proxy rule:

    Radical leftists would have us believe that they stand for democracy, progress, human rights and social justice. But when they seize power, they introduce slavery, terror, famine, concentration camps and mass murder. As the Marxists used to say, this is no accident.

    If you can stomach it:

    We have already published a number of scholarly studies about the horrors of the slave labor camps in the Soviet Gulag.’ We have also written several newspaper articles on this topic for various Hungarian and Hungarian-American publications.^ But we have not as yet explored specifically the presence of cannibalism in these slave labor camps, which appears to have been a rather widespread phenomenon.

    How many skulls forFreeStuff®?

  12. Greg

    This is why Bill Shorten thinks Socialism will work (for him anyway).

  13. Mark M

    With opinion polls putting him under great pressure, Prime Minister Morrison visits a shire primary school, where a class is in the middle of a discussion about words and their meanings.
    The teacher asks Mr Morrison if he would like to lead the discussion on a challenging new word the class has just learned: “Tragedy”.

    So the prime minister asks the class if they can think of an example of a tragedy.
    A boy at the front, keen to impress, stands up and says: “If my best friend is playing in his neighbourhood and a car runs over him and kills him, well, that would be a tragedy.‘

    “Incorrect”, says Morrison. “That would merely be an accident.”

    A brave girl decides to have a stab. She gets up from her desk and says: “If a school bus carrying thirty children drove over a cliff, killing everybody inside, that would be a tragedy.”

    “I’m afraid not”, replies Morrison. “That’s what we would call a great loss.”

    The classroom falls silent. No other kid dares volunteer. Morrison looks around the room. “Isn’t there someone here who can give me an example of a tragedy?” Young Callum plucks up courage, raises his hand from the back of the class and says: “If a plane carrying you and Mr Shorten and Mr Di Natale was hit by a missile and blown to smithereens, umm, that would be a tragedy.”

    “Fantastic!” exclaims Morrison.. “And can you tell me why that would be a tragedy?”

    “Well,” says young Callum, “it has to be a tragedy, because it certainly wouldn’t be a great loss, and it probably wouldn’t be a f**king accident either.”

    via: Every joke resembles a tiny revolution, George Orwell once wrote.

  14. Overburdened

    I admire Mr Kates’ dedication to the cause amply illustrated by the volume of posts on the subject and the permutations around it.
    I will cite one example to demonstrate that the jig is up for the current economic regime and that in my opinion the modern extrapolation of socialism is inevitable in Australia.
    An article by a economics writer on runs the riff of job advertising being a lead indicator and things aren’t looking good.
    Part of his argument went to the debt accumulated in times of relatively high wages and employment which will be onerous or unsustainable if rates go up.
    I was paying off my first home during the banana republic days, when interest rates rose scandalously and rapidly.
    The people such as myself are ageing or gone, and with this has gone the corporate memory of that time, as has the social capacity to deal with such events. Tightening your belt, as the saying went.
    The current aspirational generation have no education regarding their social responsibility beyond not being a racist/ homophobe/ old white person etc. The concept of money and how an economy functions at the base level is understood in a different way.
    The current aspirational generation and the ones following are enabled by electronics. Hard currency is a non starter.
    Throw in the institutionalised processes that are the fruits of the long march through Australian bureaucracy since the 1980’s and The cargo cult mentality that has been fostered among the sheep, and the show is over.
    The only question is when.

  15. min

    Hope it goes well Steve. Friends and I missed out on Stephen Hicks lecture that was cancelled because of poor ticket sales .He was talking about a similar subject so I may be able to rustle up a few believers although it is not us you need to hear your message.

  16. mh

    Breitbart got an interview in the Oval Office.


  17. Megan

    Curses! I’d be there like a shot but, not so sadly, we are visiting the ancestral lands of the Sicilian Prince. Good luck, Steve. Your efforts to get a sane message out there are appreciated.

  18. Up The Workers!

    “Why Socialism cannot work”

    Well, there is Albert Einstein’s definition of insanity:
    “Doing the same thing over and over again, and expecting a different result.”

    Also, it’s a bit like the Irishman who, when asked for directions, said: “If I was going to go there, I wouldn’t be starting from here.” If you intend to create a new form of society from scratch, it would help greatly to begin with Leaders whose aggregate I.Q. exceeds their average shoe-size – Socialists have always ignored that important lesson.

  19. Howard Hill

    You missed a couple, Dr Fred Lenin.
    Morrisism and Hansonism.

    Good luck, Mr Kates; you’re gunna need it. The free shit army rules in this commo shithole

  20. Iampeter

    Now with that being said, you always have to be very careful, because socialism is easy to campaign on but tough to govern on,

    Yes, much easier to campaign on, “draining the swamp,” then implementing socialist politices when office is won, without being clearheaded enough to even realize what you are doing. LOL.

    Even those cretins pushing for a socialist future know it just as well as the President.

    As opposed to the, “genuises” that claim to oppose socialism, but then end up supporting it in every way but name?

    Seriously, those who are so politically illiterate as to not even understand they are on the same side of politics as socialists, aren’t in a position to criticise socialists.

  21. Iampeter

    Or give confused seminars about why they think socialism doesn’t work, or something…

  22. Overburdened

    The issue is not a reductive exercise in calling people cretin or genius.
    Taking the long view of human history has no bias. Things are what they are.
    Antagonisers can gloat, resist or feel vindicated as much as they want.

  23. Nato

    Famn OT. Hope it went well.

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