Dr. Dr. Rainer Zitelmann

Socialism: the failed idea that never dies

November 21, 2022

Basic Economics

Why have socialist ideas become so attractive again, despite the fact that all socialist experiments, without exception, have failed over the past 100 years? The 2019 book by Dr. Kristian Niemietz, ‘Socialism: The Failed Idea That Never Dies,’ provides convincing answers. What would you say to a homemaker who baked a cake, following a certain recipe, and then everyone who ate a slice fell ill soon afterwards? Because she’s such a generous hostess, the homemaker bakes the cake again a few weeks later, again following the same recipe, but this time with one or two slight adjustments. Unfortunately,