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→Criticism of socialism: added reference to Hayek, Mises, public choice
== Criticism of socialism ==
== Criticism of socialism ==
Socialism is often criticized by conservatives such as [[Bill O'Reilly]]. In his book ''''Culture Warrior'''' O'Reilly starts the book out by painting a bleak picture of what America would look like with a socialistic government. He states problems such as lawlessness, lack of morals and ethics and an overbearing politically correct "feel good" government.<ref>{{cite web|url=http://books.google.com/books?id=XPY4AAAACAAJ&dq=Culture+Warrior |title=Google books |accessdate=2008-02-22}}</ref>
Socialism is often criticized by conservatives such as [[Bill O'Reilly]]. In his book ''''Culture Warrior'''' O'Reilly starts the book out by painting a bleak picture of what America would look like with a socialistic government. He states problems such as lawlessness, lack of morals and ethics and an overbearing politically correct "feel good" government.<ref>{{cite web|url=http://books.google.com/books?id=XPY4AAAACAAJ&dq=Culture+Warrior |title=Google books |accessdate=2008-02-22}}</ref>
[[Friedrich Hayek]] and [[Ludwig von Mises]] were important critics of socialism, particularly regarding what is known as the Socialist Calculation Debate. Hayek and Mises argued that a socialist economy would face information constraints that would prevent even well intentioned planners from efficiently allocating resources. This criticism should be considered as compatible with, but independent of, criticisms based on [[Public choice theory]] that bring into consideration the incentives of political actors.
==Past Socialist Countries==
==Past Socialist Countries==