Unintended Consequences of Regulation

February 5, 2022

 

What we have forgotten since in 1989, back when the Berlin Wall fell, the Soviet Union collapsed, and Europe became free is that we all agreed that communism, the belief in central planning, the five-year plans, collectivization of agriculture died. But the belief in regulations did not die. So, socialism in the sense of a strong belief in interventions into markets and civil society is still alive. Just like Hayek, I am going to talk to socialists in all parties because their beliefs are just as dangerous as communism.