Sunday, November 8, 2009

The Road From Serfdom


Given the renewed interest in alternatives to capitalism, it is perhaps appropriate to recall the last time that socialism was tried with real gusto.
By Marian L. Tupy | Saturday, November 7, 2009

Twenty years ago, the Berlin Wall came down and with it communist rule in Central Europe. Within little more than two years, the Soviet Union ceased to exist and the transition from communist dictatorship to free market democracy began in much of the former socialist commonwealth. Democracy and capitalism, Francis Fukuyama concluded in The End of History, have won. Communism, to use (with an appropriate sense of irony) Leon Trotsky’s words, ended up in “the dustbin of history.”

In spite of its monumental failure to bring social peace and material abundance, socialism is enjoying something of a renaissance. From Venezuela to Bolivia to South Africa, government ministers espouse the supposed virtues of socialism. Even in the West, some policies are taking government intervention in the economy to levels unseen in decades. Given the renewed interest in alternatives to capitalism, it is perhaps appropriate to recall the last time that socialism was tried with real gusto.
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The Road TO Serfdom:

…one flew east, one flew west,
One flew over the cuckoo's nest.

Nurse Ratched wins round one.

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