Episode 81: Despite Its Rebranding, Socialism Is Still Horrific
Words & Numbers
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The Importance of Incentives in Socialism
If you're in the voting minority democratic socialism doesn't look any different than totalitarian socialism. The individual is self-interested that is people will do things that they perceive will bring them happiness. One of the things that economists will tell us that politicians rarely mention is that human beings respond to incentives. We'll get to that soon enough I guess right.
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