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Socialism Doesn’t Work, But…

socialism, force, incentive, Occassio-Cortez

“Socialism” — we all want to be sociable, right?

Last week’s anti-socialist moment was not limited to the president’s promise that America would never go socialist, as I noted this weekend there was also Panera Bread’s abandonment of its quasi-charitable Panera Cares (“pay-what-you-want”) fast food chain.

Isn’t that a bit of a strange connection? Socialism is not charity. It’s bad because it is force through and through, not because it seeks to help people. 

Well, note that while Panera’s notion was the same as many socialists’, to help the poor. Panera’s method was to cajole, or “nudge,” the better-off to pay enough more to cover the costs of paying less. 

Kinda like ObamaCare, but without the force.

And without the force, it failed.

What Panera management discovered is that not only is it very hard to get the message across, it is almost impossible to set up coherent incentives to successfully alter consumer behavior. 

Getting incentives right is something that plagues all sorts of socialistic experiments, voluntary or coercive, within a capitalist society. 

Take Finland’s recent experiment with a Universal Basic Income (UBI). 

The idea of that nation’s centrist party was to take care of the unemployed beneficiaries’ basic needs so they could get back to work.

Well, those who received the basic income were happy enough receiving the moolah. Sure. But “there was no evidence from the first year of the experiment,” a report in Huffington Post admits, “that the scheme incentivized work.” Despite that, socialists in England are pushing for the UBI.

Socialism doesn’t work, and socialists would rather not work — except to advance socialism.

This is Common Sense. I’m Paul Jacob.

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socialism, force, incentive, Occassio-Cortez

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By: Redactor


  1. Peter Bearse says:

    PAUL: The big problem now is that the debate over “socialism,” poorly understood by those who bruit it about, is generating something close to McCarthyism. Nevertheless, we’re quite close in our views. I’d like to share my latest with you: POWER TO THE PEOPLE: A POLITICAL HANDBOOK (forthcoming) for your review and comment.
    Let me know your interest. PETER BEARSE, Ph.D, Author and Economist

  2. navnek says:

    But PAUL, it does not matter how many times socialism has failed. It was always because the wrong people were in charge. Well THIS TIME, we have theirhgt people, and THIS TIME, we will get it RIGHT!

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