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Socialism-The Tragedy of an Idea - Possible? Inevitable? Desirable? (Hardcover, 1st ed. 2021)
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Socialism-The Tragedy of an Idea - Possible? Inevitable? Desirable? (Hardcover, 1st ed. 2021)
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This book explores the idea of socialism from three angles and
raises the questions if socialism is possible, inevitable, and
desirable. Socialism as an economic and societal system was
possible based on the two most important pillars of Marxian
political economy: State ownership in the means of production and
mandatory central planning (command economy). Nevertheless, these
two characteristics are compatible only with dictatorship. On this
basis, socialism is neither inevitable nor desirable, because it
excludes competition, freedom, democracy, and the rule of law. The
three questions are analyzed through the academic work of five
towering figures: Joseph A. Schumpeter, Karl Polanyi, Friedrich A.
Hayek, Karl Popper, and Hannah Arendt. The theoretical findings and
inferences resulting from this analysis are compared with the
reality of socialism as it existed rather than an imaginary
uncontroversial blueprint of socialism. The book discusses the
evolution of Soviet communism and its attempts with market reforms
to solve its inherent contradictions. It concludes that
totalitarian regimes tend to fail in reforms because market freedom
is inconsistent with totalitarian control. The author makes a
strong case against dictatorship, also in the context of the
spreading of nationalist populism around the globe. This book is a
must-read for everybody interested in a better understanding of the
ideas of socialism, totalitarianism, and populism.
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