I search for an anti-socialist who understands economics, but only find echoes pretending to be minds.
Joined November 2020
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The 5 stages of anti-socialism...
1. Crow "Economics 101" but offer no detail;
2. Name-drop Hayek and ignore everything since 1945;
3. Define socialism as "when government does stuff";
4. Retreat into Manichean history;
5. Give up on economics and declare socialism as evil.
The Embittered Economist retweeted
Anti-socialists have a remarkable lack of interest in economics. Quote Sowell, Hayek or Mises, wave Hazlitt around, and voil脿: an entire discipline reduced to a handful of ideological slogans.
Why study economics when you can just recite dogma?
The Embittered Economist retweeted
"Socialism is when government does stuff" is the political economy equivalent of reviewing War and Peace as "a book with Russians in it".
Media economics explains @jk_rowling better than talent: an information cascade turns early success into visibility, visibility into sales, & sales into market dominance.
That cultural capital then lends anti-trans rhetoric a reach its intellectual poverty could never earn...
The Embittered Economist retweeted
Anti-socialism: the belief that if you deliberately define socialism as "wanting other people's stuff", you never have to learn what socialism actually means; or engage with arguments about ownership, power and distribution.
North Korea has no worker ownership, workplace democracy or worker control of the surplus. The state commands labour and a ruling elite controls production. Calling that socialism only reveals what we already know: anti-socialism is built on stupidity.
The Embittered Economist retweeted
Free markets are the pink unicorns of economics: mythical, yet endlessly invoked. Thatcherism never freed markets; it used the state to privatise public wealth, weaken labour & unleash rent-seeking.
The anti-intellectualism of right-wing American professors like @CUNY_Prof is ironically very strong 馃榾
The Embittered Economist retweeted
Egalitarianism doesn't mean identical outcomes; it means no class gets built-in domination.
Smith saw that danger clearly: masters collude, landlords extract, merchants capture the state.
Anti-socialists aren't defending markets. They're defending the oligarchy he warned about.
The Embittered Economist retweeted
Prices are not set by fairy-tale free markets; firms use cost-plus mark-ups over wages, inputs, interest and desired profit. They defend margins and extract economic rent. Blaming the government then just becomes ignorance of pricing realities...
The Embittered Economist retweeted
"Socialism abolishes price signals" is Econ 101 cosplay. Market socialism keeps prices, competition & profit-loss discipline. It changes the residual claimant: workers, not absentee capital. The Hayek problem is coordination; the capitalist problem is rent. Try reading past 1945?
The Embittered Economist retweeted
Churchill was an imperialist and racist. No wonder he's a hero of anti-socialists...
Anti-socialism worships the invisible hand in public, then kneels before the visible hand of management at work: hierarchy, command, planning and surplus extraction.
Capitalism's daily little dictatorship dressed up as freedom.
Military spending is the poetry of waste: every missile is a school, hospital, lab or home not built.
Microeconomics calls it opportunity cost. Macroeconomics calls it impaired growth dressed in a flag.
The Embittered Economist retweeted
Capitalism is the only system that needs poverty to maintain it...
Trump making $1bn from crypto is a beautiful little plot twist for the crypto-anarchists.
Turns out the state wasn't abolished by code. It just opened a wallet. #cryptotrade
The Embittered Economist retweeted
Modern war is not just "the state" randomly murdering people; it is capitalism with artillery: markets needing resources, firms needing contracts, empires needing routes & ruling classes needing workers to die for interests they will never own.