SOCIALISM

SOCIALISM

THE FAILED IDEA THAT NEVER DIES

KRISTIAN NIEMIETZ

Socialism: The Failed Idea That Never Dies

SOCIALISM: THE FAILED IDEA THAT NEVER DIES

KRISTIAN NIEMIETZ

First published in Great Britain in 2019 by The Institute of Economic Affairs 2 Lord North Street Westminster London SW1P 3LB

in association with London Publishing Partnership Ltd londonpublishingpartnership.co.uk

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding

the role of markets in solving economic and social problems.

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ISBN 978-0-255-36771-4 (interactive PDF)

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The red flag of international Socialism waves from the palace and from all the public buildings of Berlin. [...] [O]ur long years of toil and battling for the righteous cause of the people are now crowned with success. The old rotten regime, with its [...] system of plundering the working classes, has crumbled to pieces. And for the benefit of my children, and children's children, I intend to set down, in a humble way, some little account of the beginning of this new reign of brotherhood and universal philanthropy.

Eugen Richter Pictures of the Socialistic Future (1893: Chapter 1)

An order has just been issued to reduce the bread rations of the entire population by one half, and to do away with the meat rations altogether. [...] I find I shall henceforth be no longer able to give the same full account of events as they happen. The twelve hours day comes into force tomorrow, so I shall then not have much time for writing. [...] I notice that I am regarded with such increasing suspicion that a search might be made, and my papers confiscated at any moment.

Eugen Richter Pictures of the Socialistic Future (1893: Chapter 32)

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