SlideShare a Scribd company logo

Kristian Niemietz: Socialism: The failed idea that never dies

Conservative Institute / Konzervatívny inštitút M. R. Štefánika
Conservative Institute / Konzervatívny inštitút M. R. Štefánika
Conservative Institute / Konzervatívny inštitút M. R. ŠtefánikaConservative Institute / Konzervatívny inštitút M. R. Štefánika

Konzervatívny inštitút M. R. Štefánika organizoval ďalšiu z cyklu prednášok Conservative Economic Quarterly Lecture Series /CEQLS/.

Kristian Niemietz: Socialism: The failed idea that never dies

1 of 55
Download to read offline
SOCIALISM
THE FAILED IDEA THAT NEVER
DIES
DR KRISTIAN NIEMIETZ
HEAD OF POLITICAL ECONOMY, IEA
Kristian Niemietz: Socialism: The failed idea that never dies
Kristian Niemietz: Socialism: The failed idea that never dies
“COMMUNISM COULD HAVE WORKED IF
IT HAD BEEN BETTER EXECUTED.”
-Number Crunch
Politics (2018)
0
10
20
30
40
50
18-24 25-34 35-44
Agree Disagree Neither/Don't know
“DO YOU HAVE A FAVOURABLE OR AN
UNFAVOURABLE OPINION OF SOCIALISM?”
0
10
20
30
40
50
18-24 25-49 50-65
Favourable Unfavourable Not sure
-YouGov (2016)
% WITH A FAVOURABLE OPINION OF
SOCIALISM/COMMUNISM/MARXISM
0
5
10
15
20
25
30
35
40
45
50
Generation Z Millennials Generation X Boomers
Socialism Communism -Victims of Communism Foundation
&

Recommended

Big Government and Demagoguery: Are We on the Path to Tyranny?
Big Government and Demagoguery: Are We on the Path to Tyranny?Big Government and Demagoguery: Are We on the Path to Tyranny?
Big Government and Demagoguery: Are We on the Path to Tyranny?Michael Newton
 
Why Fighting Capitalism & What Alternative?
Why Fighting Capitalism & What Alternative?Why Fighting Capitalism & What Alternative?
Why Fighting Capitalism & What Alternative?LSP / PSL
 
Courage under Fire: A Review of Trials and Triumphs
Courage under Fire: A Review of Trials and TriumphsCourage under Fire: A Review of Trials and Triumphs
Courage under Fire: A Review of Trials and TriumphsKayode Fayemi
 
Self Help by Samuel Smiles
Self Help by Samuel SmilesSelf Help by Samuel Smiles
Self Help by Samuel SmilesSergey Oboroc
 
Hisham El Sherbini Unit1 Paper v2.0 (For Pub)
Hisham El Sherbini Unit1 Paper v2.0 (For Pub)Hisham El Sherbini Unit1 Paper v2.0 (For Pub)
Hisham El Sherbini Unit1 Paper v2.0 (For Pub)Hisham El Sherbini
 
FOAR 701: Modernisation Theory: part 2
FOAR 701: Modernisation Theory: part 2FOAR 701: Modernisation Theory: part 2
FOAR 701: Modernisation Theory: part 2Greg Downey
 

More Related Content

Similar to Kristian Niemietz: Socialism: The failed idea that never dies

Essay The Similarities Of Tsarist And Communist Rule In...
Essay The Similarities Of Tsarist And Communist Rule In...Essay The Similarities Of Tsarist And Communist Rule In...
Essay The Similarities Of Tsarist And Communist Rule In...Dawn Mora
 
Essay On The Implementation Of The 1949 Communist Program...
Essay On The Implementation Of The 1949 Communist Program...Essay On The Implementation Of The 1949 Communist Program...
Essay On The Implementation Of The 1949 Communist Program...Christina Ramirez
 
Essay About The Changing Goals Of Communism
Essay About The Changing Goals Of CommunismEssay About The Changing Goals Of Communism
Essay About The Changing Goals Of CommunismJamie Boyd
 
Keynes-EugenicsPresentation-APEE-Final-Highlights
Keynes-EugenicsPresentation-APEE-Final-HighlightsKeynes-EugenicsPresentation-APEE-Final-Highlights
Keynes-EugenicsPresentation-APEE-Final-HighlightsSean J. Hernandez
 
Red China Blues By Jan Wong Summary
Red China Blues By Jan Wong SummaryRed China Blues By Jan Wong Summary
Red China Blues By Jan Wong SummaryDiana Meza
 
Discussion On Whether Stalin Was A Necessary Evil Essay
Discussion On Whether Stalin Was A Necessary Evil EssayDiscussion On Whether Stalin Was A Necessary Evil Essay
Discussion On Whether Stalin Was A Necessary Evil EssayAmy Williams
 
Communism Is Still Considered A Hard Topic To Publicly
Communism Is Still Considered A Hard Topic To PubliclyCommunism Is Still Considered A Hard Topic To Publicly
Communism Is Still Considered A Hard Topic To PubliclyCaitlin Wilson
 
Communism and the Cold War Lecture
Communism and the Cold War LectureCommunism and the Cold War Lecture
Communism and the Cold War Lecturejesshamm
 
Life, Liberty, And The Pursuit To Change Something Essay
 Life, Liberty, And The Pursuit To Change Something Essay Life, Liberty, And The Pursuit To Change Something Essay
Life, Liberty, And The Pursuit To Change Something EssayJennifer Perry
 
Nothing To Be Jealous By Barbara Demick
Nothing To Be Jealous By Barbara DemickNothing To Be Jealous By Barbara Demick
Nothing To Be Jealous By Barbara DemickJoy Smith
 
The Success Of The Bolshevik Revolution In Russia In...
The Success Of The Bolshevik Revolution In Russia In...The Success Of The Bolshevik Revolution In Russia In...
The Success Of The Bolshevik Revolution In Russia In...Dana Boo
 
A Brief Note On Karl Marx, A German Philosopher And...
A Brief Note On Karl Marx, A German Philosopher And...A Brief Note On Karl Marx, A German Philosopher And...
A Brief Note On Karl Marx, A German Philosopher And...Tasha Holloway
 
A Report On Worldwide Monetary Forms Like Clockwork
A Report On Worldwide Monetary Forms Like ClockworkA Report On Worldwide Monetary Forms Like Clockwork
A Report On Worldwide Monetary Forms Like ClockworkJenna Caldejon
 
Then and now: Proletarian Internationalism and Friends of Socialist China
Then and now: Proletarian Internationalism and Friends of Socialist ChinaThen and now: Proletarian Internationalism and Friends of Socialist China
Then and now: Proletarian Internationalism and Friends of Socialist ChinaCarlos Martinez
 
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-pol
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-polYou shall know_them_by_their_works_and_words-free_republic-2000-16pgs-pol
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-polRareBooksnRecords
 

Similar to Kristian Niemietz: Socialism: The failed idea that never dies (20)

Causes Of Terrorism
Causes Of TerrorismCauses Of Terrorism
Causes Of Terrorism
 
Ivan Denisovich
Ivan DenisovichIvan Denisovich
Ivan Denisovich
 
Essay The Similarities Of Tsarist And Communist Rule In...
Essay The Similarities Of Tsarist And Communist Rule In...Essay The Similarities Of Tsarist And Communist Rule In...
Essay The Similarities Of Tsarist And Communist Rule In...
 
Essay On The Implementation Of The 1949 Communist Program...
Essay On The Implementation Of The 1949 Communist Program...Essay On The Implementation Of The 1949 Communist Program...
Essay On The Implementation Of The 1949 Communist Program...
 
Essay About The Changing Goals Of Communism
Essay About The Changing Goals Of CommunismEssay About The Changing Goals Of Communism
Essay About The Changing Goals Of Communism
 
Keynes-EugenicsPresentation-APEE-Final-Highlights
Keynes-EugenicsPresentation-APEE-Final-HighlightsKeynes-EugenicsPresentation-APEE-Final-Highlights
Keynes-EugenicsPresentation-APEE-Final-Highlights
 
Red China Blues By Jan Wong Summary
Red China Blues By Jan Wong SummaryRed China Blues By Jan Wong Summary
Red China Blues By Jan Wong Summary
 
Discussion On Whether Stalin Was A Necessary Evil Essay
Discussion On Whether Stalin Was A Necessary Evil EssayDiscussion On Whether Stalin Was A Necessary Evil Essay
Discussion On Whether Stalin Was A Necessary Evil Essay
 
Communism Is Still Considered A Hard Topic To Publicly
Communism Is Still Considered A Hard Topic To PubliclyCommunism Is Still Considered A Hard Topic To Publicly
Communism Is Still Considered A Hard Topic To Publicly
 
Communism and the Cold War Lecture
Communism and the Cold War LectureCommunism and the Cold War Lecture
Communism and the Cold War Lecture
 
Life, Liberty, And The Pursuit To Change Something Essay
 Life, Liberty, And The Pursuit To Change Something Essay Life, Liberty, And The Pursuit To Change Something Essay
Life, Liberty, And The Pursuit To Change Something Essay
 
Nothing To Be Jealous By Barbara Demick
Nothing To Be Jealous By Barbara DemickNothing To Be Jealous By Barbara Demick
Nothing To Be Jealous By Barbara Demick
 
Fine Arts Psychology
Fine Arts PsychologyFine Arts Psychology
Fine Arts Psychology
 
Kubrick And Communism
Kubrick And CommunismKubrick And Communism
Kubrick And Communism
 
The Success Of The Bolshevik Revolution In Russia In...
The Success Of The Bolshevik Revolution In Russia In...The Success Of The Bolshevik Revolution In Russia In...
The Success Of The Bolshevik Revolution In Russia In...
 
A Brief Note On Karl Marx, A German Philosopher And...
A Brief Note On Karl Marx, A German Philosopher And...A Brief Note On Karl Marx, A German Philosopher And...
A Brief Note On Karl Marx, A German Philosopher And...
 
A Report On Worldwide Monetary Forms Like Clockwork
A Report On Worldwide Monetary Forms Like ClockworkA Report On Worldwide Monetary Forms Like Clockwork
A Report On Worldwide Monetary Forms Like Clockwork
 
Machiavelli Essays
Machiavelli EssaysMachiavelli Essays
Machiavelli Essays
 
Then and now: Proletarian Internationalism and Friends of Socialist China
Then and now: Proletarian Internationalism and Friends of Socialist ChinaThen and now: Proletarian Internationalism and Friends of Socialist China
Then and now: Proletarian Internationalism and Friends of Socialist China
 
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-pol
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-polYou shall know_them_by_their_works_and_words-free_republic-2000-16pgs-pol
You shall know_them_by_their_works_and_words-free_republic-2000-16pgs-pol
 

More from Conservative Institute / Konzervatívny inštitút M. R. Štefánika

More from Conservative Institute / Konzervatívny inštitút M. R. Štefánika (20)

Peter Gonda: Peniaze a menový a bankový systém. Centrálne bankovníctvo a jeho...
Peter Gonda: Peniaze a menový a bankový systém. Centrálne bankovníctvo a jeho...Peter Gonda: Peniaze a menový a bankový systém. Centrálne bankovníctvo a jeho...
Peter Gonda: Peniaze a menový a bankový systém. Centrálne bankovníctvo a jeho...
 
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
 
Daniel Klein: Adam Smith 300
Daniel Klein: Adam Smith 300Daniel Klein: Adam Smith 300
Daniel Klein: Adam Smith 300
 
Na obranu slobodného trhu
Na obranu slobodného trhuNa obranu slobodného trhu
Na obranu slobodného trhu
 
Gonda: Východiská a odkazy ekonómie liberálnych ekonomických škôl
Gonda: Východiská a odkazy ekonómie liberálnych ekonomických škôlGonda: Východiská a odkazy ekonómie liberálnych ekonomických škôl
Gonda: Východiská a odkazy ekonómie liberálnych ekonomických škôl
 
Rainer Zitelmann: Myths and Facts About Capitalism
Rainer Zitelmann: Myths and Facts About CapitalismRainer Zitelmann: Myths and Facts About Capitalism
Rainer Zitelmann: Myths and Facts About Capitalism
 
Friedrich Hayek a Milton Friedman a ich prínos pre súčasnosť
Friedrich Hayek a Milton Friedman a ich prínos pre súčasnosťFriedrich Hayek a Milton Friedman a ich prínos pre súčasnosť
Friedrich Hayek a Milton Friedman a ich prínos pre súčasnosť
 
Peter Gonda: Miesto klasickej ekonomickej školy a iných liberálnych ekonomick...
Peter Gonda: Miesto klasickej ekonomickej školy a iných liberálnych ekonomick...Peter Gonda: Miesto klasickej ekonomickej školy a iných liberálnych ekonomick...
Peter Gonda: Miesto klasickej ekonomickej školy a iných liberálnych ekonomick...
 
Gunther Schnabl: Inflation and Other Consequences of the ECB’s Monetary Policy
Gunther Schnabl: Inflation and Other Consequences of the ECB’s Monetary PolicyGunther Schnabl: Inflation and Other Consequences of the ECB’s Monetary Policy
Gunther Schnabl: Inflation and Other Consequences of the ECB’s Monetary Policy
 
David Friedman: Law, Economics and Liberty
David Friedman: Law, Economics and LibertyDavid Friedman: Law, Economics and Liberty
David Friedman: Law, Economics and Liberty
 
Stefan Kolev: German Economic Model: Past and Present | CEQLS Lecture
Stefan Kolev: German Economic Model: Past and Present | CEQLS LectureStefan Kolev: German Economic Model: Past and Present | CEQLS Lecture
Stefan Kolev: German Economic Model: Past and Present | CEQLS Lecture
 
Peter Gonda: Podstata, základné princípy ekonómie a ekonomického myslenia
Peter Gonda: Podstata, základné princípy ekonómie a ekonomického mysleniaPeter Gonda: Podstata, základné princípy ekonómie a ekonomického myslenia
Peter Gonda: Podstata, základné princípy ekonómie a ekonomického myslenia
 
Peter Gonda: Konkurencia, regulácia a európska ekonomická integrácia
Peter Gonda: Konkurencia, regulácia a európska ekonomická integráciaPeter Gonda: Konkurencia, regulácia a európska ekonomická integrácia
Peter Gonda: Konkurencia, regulácia a európska ekonomická integrácia
 
Peter Gonda: Možnosti riešenia sociálnych udalostí na báze osobnej zodpovednosti
Peter Gonda: Možnosti riešenia sociálnych udalostí na báze osobnej zodpovednostiPeter Gonda: Možnosti riešenia sociálnych udalostí na báze osobnej zodpovednosti
Peter Gonda: Možnosti riešenia sociálnych udalostí na báze osobnej zodpovednosti
 
Socializmus: podstata, ekonomická realita a dôsledky
Socializmus: podstata, ekonomická realita a dôsledkySocializmus: podstata, ekonomická realita a dôsledky
Socializmus: podstata, ekonomická realita a dôsledky
 
Peter Gonda: Peniaze a menový systém
Peter Gonda: Peniaze a menový systémPeter Gonda: Peniaze a menový systém
Peter Gonda: Peniaze a menový systém
 
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
 
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
Peter Gonda: Možnosti riešenia negatívnych externalít bez vládnych regulácií ...
 
Peter Klein: Why Entrepreneurs, Not Bureaucrats, Drive Innovation
Peter Klein: Why Entrepreneurs, Not Bureaucrats, Drive InnovationPeter Klein: Why Entrepreneurs, Not Bureaucrats, Drive Innovation
Peter Klein: Why Entrepreneurs, Not Bureaucrats, Drive Innovation
 
Peter Gonda: Ekonómia a právo pre fungovanie slobodnej spoločnosti
Peter Gonda: Ekonómia a právo pre fungovanie slobodnej spoločnostiPeter Gonda: Ekonómia a právo pre fungovanie slobodnej spoločnosti
Peter Gonda: Ekonómia a právo pre fungovanie slobodnej spoločnosti
 

Recently uploaded

Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Michael Silva
 
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdfHenry Tapper
 
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdfAdnet Communications
 
Banking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptBanking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptmanikandansMani2
 
Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...GRAPE
 
TIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfTIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfGruppo TIM
 
Stock Market Brief Deck 213.pdf
Stock Market Brief Deck 213.pdfStock Market Brief Deck 213.pdf
Stock Market Brief Deck 213.pdfMichael Silva
 
India Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCIndia Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCDimitarStoyanov46
 
Stock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfStock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfMichael Silva
 
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxOAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxhiddenlevers
 
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxSlideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxOffice for National Statistics
 
Deriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneDeriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneVince Stanzione
 
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Adrian Sanabria
 
99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdfVictoriaGaleano
 
Is the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfIs the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfJasper Colin
 
Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Commonwealth
 
Polycab scam elaborated ppt expalined pro
Polycab scam elaborated ppt expalined proPolycab scam elaborated ppt expalined pro
Polycab scam elaborated ppt expalined proRakshitAchra1
 

Recently uploaded (20)

Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16Stock Market Brief Deck from youtube 2/16
Stock Market Brief Deck from youtube 2/16
 
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
2023_-_Master_Trust___GPP_Defaults_Report (2).pdf
 
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
20240220 Calibre Q4 and FY 2023 Conference Call Present.pdf
 
Banking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.pptBanking theory law & Practice Unit II.ppt
Banking theory law & Practice Unit II.ppt
 
Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...Tone at the top: the effects of gender board diversity on gender wage inequal...
Tone at the top: the effects of gender board diversity on gender wage inequal...
 
NRES_November_2023_FINAL_EN.pdf
NRES_November_2023_FINAL_EN.pdfNRES_November_2023_FINAL_EN.pdf
NRES_November_2023_FINAL_EN.pdf
 
TIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdfTIM GROUP FY '23 Preliminary Results.pdf
TIM GROUP FY '23 Preliminary Results.pdf
 
Stock Market Brief Deck 213.pdf
Stock Market Brief Deck 213.pdfStock Market Brief Deck 213.pdf
Stock Market Brief Deck 213.pdf
 
India Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBCIndia Equity Strategy Presentation (2016) - HSBC
India Equity Strategy Presentation (2016) - HSBC
 
Stock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdfStock Market Brief Deck for 2/21/24 .pdf
Stock Market Brief Deck for 2/21/24 .pdf
 
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptxOAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
OAT_RI_Ep16 WeighingTheRisks_Jan24_BitcointotheMoon.pptx
 
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptxSlideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 19 February 2024.pptx
 
Deriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince StanzioneDeriv Accumulator Trading Stratagies by Vince Stanzione
Deriv Accumulator Trading Stratagies by Vince Stanzione
 
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
Indistinguishable from Magic: How the Cybersecurity Market Reached a Trillion...
 
99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf99MW Nearshore Wind Farm in Colombia.pdf
99MW Nearshore Wind Farm in Colombia.pdf
 
Monthly Economic Monitoring of Ukraine No.229, February 2024
Monthly Economic Monitoring of Ukraine No.229, February 2024Monthly Economic Monitoring of Ukraine No.229, February 2024
Monthly Economic Monitoring of Ukraine No.229, February 2024
 
Is the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdfIs the U.S Approaching Another Regional Bank Crisis.pdf
Is the U.S Approaching Another Regional Bank Crisis.pdf
 
Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]Monthly Market Risk Update: February 2024 [SlideShare]
Monthly Market Risk Update: February 2024 [SlideShare]
 
Polycab scam elaborated ppt expalined pro
Polycab scam elaborated ppt expalined proPolycab scam elaborated ppt expalined pro
Polycab scam elaborated ppt expalined pro
 
Veritas Financial statement presentation 2023
Veritas Financial statement presentation 2023Veritas Financial statement presentation 2023
Veritas Financial statement presentation 2023
 

Kristian Niemietz: Socialism: The failed idea that never dies

  • 1. SOCIALISM THE FAILED IDEA THAT NEVER DIES DR KRISTIAN NIEMIETZ HEAD OF POLITICAL ECONOMY, IEA
  • 4. “COMMUNISM COULD HAVE WORKED IF IT HAD BEEN BETTER EXECUTED.” -Number Crunch Politics (2018) 0 10 20 30 40 50 18-24 25-34 35-44 Agree Disagree Neither/Don't know
  • 5. “DO YOU HAVE A FAVOURABLE OR AN UNFAVOURABLE OPINION OF SOCIALISM?” 0 10 20 30 40 50 18-24 25-49 50-65 Favourable Unfavourable Not sure -YouGov (2016)
  • 6. % WITH A FAVOURABLE OPINION OF SOCIALISM/COMMUNISM/MARXISM 0 5 10 15 20 25 30 35 40 45 50 Generation Z Millennials Generation X Boomers Socialism Communism -Victims of Communism Foundation &
  • 7. % WHO ARE LIKELY TO VOTE FOR A CANDIDATE WHO SELF-IDENTIFIES AS A SOCIALIST 0% 20% 40% 60% 80% Generation Z Millennials Generation X Boomers -Victims of Communism Foundation &
  • 9. THE MEDIA HYPE AROUND SOCIALISM
  • 11. SOCIALISM ≠ SOCIAL DEMOCRACY • “[S]ocial democracy […] left capital structurally dominant. […] [C]apitalists were able to hold democratic governments hostage […] Social democracy is a step in the right direction, then, but ultimately not enough” • Bhaskar Sunkara (DSA & Jacobin), ‘The Socialist Manifesto’ • “Today, the radical left […] is calling not for social democracy but for democratic socialism. […] [T]he former means the taxation and regulation of private enterprise, while the latter means the democratic ownership of most large corporations and financial institutions.”
  • 12. NEVER BEEN TRIED? • “There hasn’t been a shred of socialism in the Soviet Union.” • Noam Chomsky • “A socialist society […] doesn’t exist yet” • Owen Jones • “While it is true that a number of political projects have labelled themselves communist […] the aspiration was [not] accurate” • Aaron Bastani
  • 14. “We may perhaps sum up the Constitution of the U.S.S.R. by emphasizing its reliance on the widest possible participation of the whole adult population in the public business, which includes the planned control of the whole social environment [...]
  • 15. “[E]veryone acted as though the general good was his personal good […] [I]n America, […] the worker […] had no real voice in the management of the national economy […] Here the “average man” felt himself master of
  • 16. “[F]or the first time in history the common man feels that the country belongs to him and not the privileged class that are his masters. […] [T]he Marxian ideal of a classless society […] has been realized”
  • 17. “Those workers up there, carelessly dressed, coatless and collarless […] those workers, and men like them are running the new Russia” Corliss Lamont, American philosopher
  • 18. “…talking and laughing as they worked, evidently enjoying themselves. […] It was difficult to believe that this was indeed a prison” -Mary Callcott Stevenson, American author
  • 19. “In England a delinquent enters [prison] as an ordinary man and comes out a ‘criminal type’, whereas in Russia he enters […] as a criminal type and would come out an ordinary man but for the difficulty of inducing them to come out at all.”
  • 21. “The people seem healthy, well fed and articulate about their role as citizens of Chairman Mao’s new China […] The Maoist revolution is on the whole the best thing that happened to the Chinese people in centuries.” -John Fairbank, American historian
  • 22. “[T]hey are not free to change residence or job, but in spite of that […] the Chinese masses seem to enjoy a greater measure of control over those agencies that directly affect their daily lives than do most Western city workers” -Arthur Galston, American scientist and bioethicist
  • 23. “[The certainty of success […] dominates the Chinese mood today. Their accomplishments assume dreamlike proportions in the cold light of an American day. They virtually have eliminated many […] social problems” -Carol Tavris, American social psychologist
  • 24. “There is no trace of alienation in China, nor of those neuroses or that inner disintegration of the individual found in the parts of the world dominated by consumerism. The Chinese world is compact, integrated, an absolute whole.” -Maria Macciocchi, Italian journalist & politician
  • 25. “[The regime is] authoritarian only towards a minority – a minority who are not workers or peasants. […] China’s successes are being achieved […] by the voluntary and even enthusiastic effort of most of the people”
  • 26. “It was not hard […] to understand the deep affection men feel for this man […] All men – intellectuals, peasants, merchants – regard Mao as the symbol of their deliverance, the man who […] raised their burdens”
  • 27. •“[L]ife in China today is exceptionally pleasant. […] Plenty of fond dreams are authorized by the idea of a country […] where generals and statesmen are scholars and poets”
  • 28. “A revolutionary regime must get rid of a certain number of individuals that threaten it and I see no other means for this than death; it is always possible to get out of a prison” -Jean Paul Sartre
  • 31. “All the economic miracles of the postwar world are put in the shade by these achievements […] The outward signs of a "cult" are very marked […] But Prime Minister Kim II Sung seems to function as a messiah rather than a dictator”
  • 32. “Here in Korea we have found a people who have laid the foundations of communism and who are now rushing […] to transform their society into an earthly paradise […] [W]e will tell the American people of the glorious victories of […] socialist revolution”
  • 33. “…a decent society in which equality of goods, services and opportunities prevails. […] [E]veryone enjoys a certain richness of life. […] a society which is democratic in the ultimate meaning of the word – economic and social democracy which can only emanate from the end of
  • 34. “The realisation that everything belongs to everyone is truly overwhelming; and the experience that money really plays no role puts the
  • 36. “[T]he people rose, freed themselves, threw out the intruders […] and began to clear up the mess. […] Then crocodile tears poured forth in the West. The brothel has been emptied and the clean-up is in progress. Only pimps can regret what is happening.” -Per Olov Enquist, Swedish author and journalist -
  • 37. “City dwellers who once lived in villas with servants do find the food a bit meager. But the co-operative guarantees food for all. […] [T]he new society […] turn the dreams of a poor peasant into reality” -Jan Myrdal, Swedish author
  • 38. “We had learned already about all these achievements […] but it was even more illuminating to see [them] with our own eyes […] [A] people who rely on their own strength and means can score wonderful feats.” -Gunnar Bergström, Swedish activist
  • 39. “[A]nalyses by highly qualified specialists who have studied the full range of evidence available […] concluded that executions have numbered at most in the thousands […] These reports also emphasize […] repeated discoveries that massacre
  • 40. “[A]part from the execution of high- ranking army officers and officials, the killing […] was instigated by untrained and vengeful local Khmer Rouge soldiers, despite orders to the contrary from Phnom Penh. […] Most of the brutality shown by local Khmer Rouge soldiers is attributable to lack of training”
  • 41. “[O]nly the most serious criminals were executed” -Malcolm Caldwell, lecturer at the School of Oriental and African Studies (SOAS)
  • 43. •“Venezuela is an inspiration to the world, it really does show that there is an alternative.” •“Under Chávez, the poor have become a political power that cannot be ignored […] [H]e has proved it is possible to […] [break] with neo- liberal dogma.”
  • 44. “Venezuela and its Latin American allies have demonstrated that it’s no longer necessary to accept a failed economic model, as many social democrats in Europe still do.” -Seumas Milne
  • 45. “Chavez […] showed us that there is a different, and a better way of doing things. It’s called socialism” -Jeremy Corbyn
  • 46. “Venezuela is seriously conquering poverty by emphatically rejecting […] Neo Liberal policies […] As with Cuba the threat to the USA by Venezuela is […] a threat by example of what social justice can achieve.” -Jeremy Corbyn
  • 47. “[W]hat’s so exciting about […] Venezuela is that I can see how a better world is being created […] The transformations that Venezuela is making toward the creation of another socio-economic model could have a global impact.” -Noam Chomsky (2007) “I never described Chávez’s state capitalist government as ‘socialist’ or even hinted at such an absurdity. It was quite remote from socialism.” -Noam Chomsky (2017)
  • 48. “[Chávez] lit a spark that really started a firebrand […] Venezuela and the Bolivarian Revolution became an item on the agenda for all socialists […] [H]ere you had the contrast between capitalism in crisis, and socialism in action” “I don’t think [Venezuela] is a socialist country. […] I don’t think they have been following […] socialist policies […] And as a result of that they’re experiencing problems.” -John McDonnell (2018)
  • 49. THE THREE STAGES OF SOCIALISM The honeymoon period The denial-and- whataboutery period The not-REAL- socialism period
  • 50. WHY SOCIALISM FAILS IN THE ECONOMIC SPHERE • Market prices collect and disseminate dispersed knowledge • Competition = trial and error • Exit > voice
  • 51. WHY SOCIALISM LEADS TO AUTHORITARIANISM • Conflict between central planning and local autonomy • No exit option • Everything is everyone else’s business
  • 52. WHY SOCIALISM IS INCOMPATIBLE WITH DEMOCRACY • Socialist planners handle colossal amounts of highly technical information • Even today: limits to democratic engagement • Even today: limits to democratic accountability
  • 53. WHY SOCIALISM NONETHELESS REFUSES TO DIE • Socialism makes intuitive sense • Socialism is trendy and high-status • Socialist define ‘real’ socialism in terms of outcomes, not inputs • Socialists treat unpleasant outcomes of socialism as merely a matter of choice
  • 54. WHO SAID IT? • "[C]ontrol by society [...] over [...] labor and [...] consumption [...] must be exercised not by a state of bureaucrats, but by a state of armed workers.“ • "Instead of the special institutions of a privileged officialdom [...], the majority itself can directly fulfil all [the functions of state power], and the more [these functions] are performed by the people as a whole, the less need there is for the existence of this power.“ • "[I]t is quite possible, after the overthrow of the capitalists and the bureaucrats, to proceed immediately, overnight, to replace them in the control over production and distribution [...] by the armed workers, by
  • 55. WHO SAID IT? • "[C]ontrol by society [...] over [...] labor and [...] consumption [...] must be exercised not by a state of bureaucrats, but by a state of armed workers.“ • "Instead of the special institutions of a privileged officialdom [...], the majority itself can directly fulfil all [the functions of state power], and the more [these functions] are performed by the people as a whole, the less need there is for the existence of this power.“ • "[I]t is quite possible, after the overthrow of the capitalists and the bureaucrats, to proceed immediately, overnight, to replace them in the control over production and distribution [...] by the armed workers, by