Bryan Caplan on Hayek, Richter, and Socialism
EconTalk
00:00
The History of Socialism
The real history of socialism is more like this. The purists, the true believers, they're the ones who became the true monsters. They admitted that capitalism was a lot better than the founders of the movement could have ever have tolerated. Brian Kaplan: Who are the true descendants of the 19th century German social democratic party? Are they the people ruling East Germany or are they the social democrats trying to reinvent themselves and gain power in West Germany?
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