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The Tom Woods Show

Ep. 337 The Fatal Errors of Socialism

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 10 February 2015

⏱️ 29 minutes

🧾️ Download transcript

Summary

Book Discussed

The End of Socialism, by James R. Otteson

About the Guest

James R. Otteson is executive director of the BB&T Center for the Study of Capitalism, and Teaching Professor of Political Economy, at Wake Forest University in Winston-Salem, North Carolina. He is also a Senior Scholar at the Fund for American Studies in Washington, DC, a Research Professor in the Freedom Center and Department of Philosophy at the University of Arizona, and a Research Fellow at the Independent Institute in California.

Guest’s Websites

JamesOtteson.com
BB&T Center for the Study of Capitalism, at Wake Forest University

Guest’s Twitter

@jroii

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Transcript

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0:00.0

In a world of Democrats, there will be time for them to make profits.

0:05.1

Now's not that time.

0:06.4

And Republicans.

0:07.9

I've abandoned free market principles to save the free market system.

0:12.2

You need a voice of liberty.

0:15.0

Look no further.

0:16.7

You've found it.

0:18.4

Tom Woods.

0:21.2

Beware, citizen.

0:22.9

You are now departing from the world of allowable opinion.

0:26.9

The Tom Woods Show.

0:33.7

Welcome to the Tom Woods Show, episode 337. We're joined today by James Audison, that's O-T-T-E-S-O-N, to talk to us about socialism. James

0:46.6

Odison is a professor of political economy at Wake Forest University and executive director of the

0:52.9

B-B-B-N-T Center for the Study of Capitalism.

0:56.0

He's also a senior scholar at the Fund for American Studies in Washington, D.C., a research professor

1:01.9

in the Freedom Center and Department of Philosophy at the University of Arizona, and a research

1:07.5

fellow at the Independent Institute in California. He's the author of numerous books, including What Adam Smith New,

1:16.1

Moral Lessons on Capitalism from Its Greatest Champions and Fiercest Opponents.

1:21.5

But the book we're going to talk about today is The End of Socialism,

1:26.3

published by Cambridge University Press.

1:29.2

So I'll turn things over right now to my conversation with Jim Audison.

1:34.5

Jim Audison, welcome to the show.

...

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