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- Lesson 16: The Failures of
- *Does the historical record
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Card 13 / 19: *Does the historical record prove that socialism is a flawed economic system?
Answer:
No, because we can never know how history would have unfolded in an alternate timeline where socialism hadn't been implemented. (For an analogy, if someone has a headache and takes an aspirin, and then the headache gets worse, that doesn't prove that "aspirin makes your head hurt." It's probably the case that the headache would have gotten really bad had the person never taken an aspirin.)
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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