Bryan Caplan on Hayek, Richter, and Socialism
EconTalk
00:00
The Gulag by Applebaum
People stop working very hard under socialism, which was a course of one of the earliest complaints about socialism. It's maybe doubly ironic that when capitalism has semi-capitalism, some form of market processes returned to the Soviet Union. So it's an interesting little bit of deja vu there. Of course, apologists for capitalism often say, well, has it worked for well because they've been used to slacking and where corruption is the way that you get ahead.
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