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The Tom Woods Show

Ep. 1356 A Stake Through the Heart of Socialism

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 6 March 2019

⏱️ 32 minutes

🧾️ Download transcript

Summary

In episode 1355 we looked at Einstein's famous essay on socialism. In this episode we drive the final stake through the heart of Einstein's version of socialism: the socialist calculation problem.

Show notes for Ep. 1356

Transcript

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0:00.0

The Tom Woods Show, episode 1356.

0:03.4

Prepare to set fire to the index card of allowable opinion.

0:08.2

Your daily dose of liberty education starts here, the Tom Woods Show.

0:14.7

Folks, Bob Murphy is going to have to be carried out on a stretcher after I am done with him

0:19.4

aboard the 2019 Contra Cruise.

0:21.8

We are debating pacifism.

0:24.3

Bob in favor, me opposed.

0:26.6

With Gene Epstein moderating, it's going to be a great time,

0:30.4

but it's going to make my demolition of Michael Malice in the Hamilton debate look like a picnic.

0:35.9

This debate is for Contra Cruisers only.

0:38.8

So make sure and grab your cabin right away at contracruise.com for the libertarian event

0:45.9

of the year.

0:47.0

That's contracruise.com.

0:49.9

Oh, and don't forget, bring some dark clothing for Bob's funeral.

0:54.8

Hi, everybody. Tom Woods here.

0:56.6

Yesterday, we talked about Albert Einstein and his essay on socialism, and today his supplement,

1:01.9

what I said about that, I want to share some material with you on the socialist calculation

1:07.6

problem, because the version of socialism that's set forth by Einstein in that

1:13.0

famous essay absolutely runs into the problem of the socialist calculation problem. This is not

1:18.9

Bernie Sanders, who just wants high taxes on people, but who is not at least openly advocating

1:24.6

anything other than private ownership of the means of production.

1:28.1

This is what Einstein is supporting. He's supporting, you know, society will own the means of

...

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