“Socialism has risen from its own ashes perhaps more often than has any other political ideology on earth.” When the Berlin Wall collapsed, a few of us were dreaming that a lesson was learnt, concerning socialism and its economic and social effects. We were wrong. In part because it was argued that socialism goes by degrees (you can collectivize *some* means of production and not *all* of them) and Western countries have themselves adopted quite a few socialist measures and policies themselves. In part because many just asserted that socialism, as implemented in the Soviet Union, was not *true* socialism: and the same applies to Pol Pot’s Cambodia, Mao’s China, et cetera.
Bill Evers has put together an excellent reading list for the Independent Institute. It brings together a series of serious works on socialism, which includes economic classics such as Collectivist Economic Planning, edited by F. A. Hayek but also important historical works ranging from Conquets to Dikötter and, yes, novels, that are often the best instrument to dig into the abyss of the human heart as well as the unintended consequences of political utopias. The bibliography comes out at a moment in which socialism is newly popular, particularly in the United States, but these works have a value that go well beyond political contingencies.
READER COMMENTS
JK Brown
Mar 14 2020 at 3:28pm
I would recommend Mises’ ‘Planned Chaos’ not least for its clear presentation of the in-between state of interventionism.
And his willingness to not fall prey to the 11th grade SAT answer of “state ownership of the means of production” as the only socialism.
Jens
Mar 15 2020 at 9:51am
v. Mises draws a distinction that does not make a difference.
Whether one enforces total government planning by expropriating all entrepreneurs or by making them all government employees and violently forcing them in the event of resistance is only an implementation detail. There is no information in this statement.
However, the Nazis did not want to implement social justice, but to conquer living space in the east, kill Jews and humiliate France. That is a statement in which there is information.
Fasih Zulfiqar
Mar 14 2020 at 4:44pm
If someone wants a fiction spin on socialism, I recommend 1984. It’s not entirely about socialism, but still a pretty darn good book.
Mark Z
Mar 14 2020 at 5:27pm
For a more sympathetic take on socialism – ‘skeptically sympathetic’ I would say – Alec Nove’s The Economics of Feasible Socialism is worth reading. Nove is rare among writers sympathetic to socialism in that he appreciates and engages with the theoretical and empirical challenges to socialism. Though I was in college and sympathetic to social democracy when I read it, so maybe that’s why I remember liking it.
Thaomas
Mar 15 2020 at 7:46am
Socialism, the ownership of the means of production by the state, does come in degrees. The state might own 1%, 5%, 20%, 75% or 99%. And while it becomes more and more difficult to conceive of how liberal democracy could be sustained at higher and higher levels of state ownership, liberal democracy can be suppressed with fairly low percentages of state ownership. Does the repressive power of the Chinese or Turkish or Saudi Arabian or Iranian state rest on its ownership of the means of production?
The “Socialism” that is supposedly more popular in the US now more than earlier, and which has been denounced by “conservatives” for decades, seems to have almost nothing to do with ownership on the means of production. Your own phrase “quite a few socialist measures and policies” does not obviously point at ownership of the means of production. How increase the much would the full implementation of the Sanders-AOC agenda increase the percentage of state ownership in the US?
Mark Z
Mar 15 2020 at 3:21pm
I think there are plenty of obvious cases where the current socialist agenda does relate to public ownership of the means of production: nationalizing industries like healthcare, energy, and finance clearly meet the definition. And Medicare for all would indeed put the state in control of the means of production of healthcare (preempting the possible claim that Medicare for all really isn’t government controlled healthcare, if the government asserts a monopsony on a good or service, it has de facto control over production of that good; all private actors remaining are mere middle men). The elimination or marginalizing of non-state run schools is another big one; massive public housing projects proposed by Sanders or Cortez meet the standard as well. Regulation of prices (rent controls and minimum wages), production levels, what kinds of goods can be produced, and how big firms can be all also increase state control over means of production, they’re half measures short of full nationalization, but they clearly place greater control over production and pricing decisions in the state’s hands.
Another aspect of socialism often ignored – to socialists’ dismay – is the fact that socialists don’t necessarily want to nationalize ever business; many they ‘only’ would compel to become co-ops. Both Sanders and Cortez have favored forcing all large companies to become almost half-way co-ops by allotting employees 45% board of director votes to employees (not sure if he mandates corresponding degree of ‘profit sharing’).
Andrew M
Mar 15 2020 at 7:58pm
What I would like to know is whether any of the recent books criticizing socialism (e.g., by Kevin Williamson, James Otteson, and Rand Paul) is any good, and if several are, which is best. I know and love the old stuff. But I want to know what would be the best single-volume, relatively contemporary, and minimally shrill critique of socialism to recommend to a curious student or colleague. Can anyone help?
David McMullen
Mar 21 2020 at 8:49pm
The word socialism seems to mean different things to different people.
As a Marxist of the thoroughly orthodox type, the only socialism I am interested in is the sort that involves the working class taking over the means of production and then transforming work into something they want to do without thought of financial gain. That would not be an overnight process of course and would be a real challenge for all concerned.
A lot of stuff on my website, deals with this and related issues. One piece in particular on which I would like a bit of feed back is something I recently uploaded challenging the view that social ownership has a problem with economic calculation.
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