Friday, October 9, 2020

How Socialism Will Trash Your Life

Socialism is all the rage among young Americans these days. Not the kind of socialism that has never worked anywhere in history. Not the kind that drove Venezuela from South America’s most prosperous economy into a failed state in a mere two decades. Not the kind that wreaked essentially the same havoc upon once-thriving Cuba. Not those real-world examples, but the new-and-improved, democratic socialism, which, as MSNBC’s Stephanie Ruhle recently assured viewers, is “a lot different” from those other forms of socialism.
Those young Americans who are enamored of such icons of democratic socialism as lifelong communist Sen. Bernie Sanders and economics-challenged, radical Rep. Alexandria Ocasio-Cortez desperately need to read Paul H. Rubin’s short but vital book A Student’s Guide to Socialism: How It Will Trash Your Lives, a joint publication of the David Horowitz Freedom Center and Bombardier Books, an imprint of Post Hill Press.
As the title indicates, the book is aimed at young readers and is thus a quick, easy read, tailored to their tragically short attention spans and tenuous grasp of economics. Its purpose is not simply to rehash abstract, theoretical points of contrast between socialism and capitalism, but to explain to those uninformed (or misinformed) young people exactly how socialism would impact them and affect their future if it were actually to be adopted here in the United States, as polls indicate an alarming percentage of young people would prefer. Put simply, it answers the question, “What will my life be like if I live under socialism?”
Mr. Rubin is Emeritus Dobbs Professor of Economics at Emory University and a former economic advisor in D.C., including for the Reagan administration as Senior Economist at the Council of Economic Advisers. The author of a dozen books and dozens of Wall St. Journal op-eds, Rubin not only knows whereof he speaks but knows how to communicate economic ideas in clear, jargon-free, unbiased language – a skill that eludes most academics and economists. In A Student’s Guide to Socialism, Rubin shrewdly chose not to speak down to, or talk over the heads of, the audience who most needs to absorb his message that life under socialism will not be the egalitarian utopia its adherents fantasize. On the contrary, as the book’s own subtitle bluntly tells readers, “it will trash your lives.”
Rubin divides the book into two parts – the applied part, wherein he lays out what one’s future would be like under socialism (“If you only read this part, the book will have fulfilled its purpose”) and Part II, which gives some background on socialism and compares it with capitalism. “If you are still curious after reading Part I, then Part II is for you,” he writes. Part I offers up a dozen short chapters and – for those students whose social media-diminished minds can’t handle even that much – concludes with a three-page summary. Part II consists of three more brief chapters and another short summary.
Read the rest from Mark Tapson HERE.

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