"Dangerous Ideas" Loom As Once Democratically Chosen, There's No Reversing Socialism

The philosopher George Santayana is credited with the phrase “Those who cannot remember the past are condemned to repeat it.”Never was that truer than today in the face of the reborn belief in some notion of a “democratic” socialism and its companying idea of government-directed planning and redistribution. It’s as if the entire experience of the 20th century has been erased from the memory of humankind.

Almost every conceivable form of “socialism” was tried over the last 100 years. There has been Marxian socialism in the form of Soviet-style fully nationalized economies with strict and comprehensive five-year government central planning. There was national socialism in the Germany of the 1930s and 1940s, with private enterprise placed under total government control with Nazi four-year central planning. There was Mussolini’s Italian fascism, under which private businesses and workers were forced into cartels and trade unions with government oversight and command of prices, wages, production, work conditions, and trade. (See Günter Reimann, The Vampire Economy: Doing Business Under Fascism [1939], and Walter Eucken, “On the Theory of the Centrally Administered Economy: An Analysis of the German Experiment” [1948].)

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