Socialism takes and redistributes wealth, but it is utterly incapable of creating wealth.
Leonard ReadThe advancement of freedom is not a matter of who wields political power over creative actions; rather, it depends upon the disassembling of such power.
Leonard ReadSuch terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing.
Leonard ReadWhat, actually, is the difference between communism and fascism? Both are forms of statism, authoritarianism. The only difference between Stalin's communism and Mussolini's fascism is an insignificant detail in organizational structure.
Leonard Read