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→Criticism of socialism: added crticism
[[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. That is, the planners would not know how much a battleship or a hospital cost, and could not efficiently allocate resources among different choices. 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.
[[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. That is, the planners would not know how much a battleship or a hospital cost, and could not efficiently allocate resources among different choices. 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.
When I came to America in 1980 and experienced life in this country, I thought it was fortunate that those living in the USSR did not know how unfortunate they were.
Svetlana Kunin, retired software developer in [[Connecticut]], lived in the Soviet Union until 1980 where she was a civil engineer. Writing a series of articles in ''Investors Business Daily'', she warns America of the socialism she sees it pursuing. Below are excerpts:
<blockquote>
When I came to America in 1980 and experienced life in this country, I thought it was fortunate that those living in the USSR did not know how unfortunate they were. Now in 2009, I realize how unfortunate it is that many Americans do not understand how fortunate they are. They vote to give government more and more power without understanding the consequences.</blockquote>
<blockquote>
Life in the USSR modeled the socialist ideal. God-based religion was suppressed and replaced with cultlike adoration for political figures....Only the ruling class of communist leaders had access to special stores, medicine and accommodations that could compare to those in the West. The rest of the citizenry had to deal with permanent shortages of food and other necessities, and had access to free but inferior, unsanitary and low-tech medical care.
</blockquote>
<blockquote>
USSR, 1959: I am a "young pioneer" in school. History classes remind us that there is a higher authority than their parents and teachers: the leaders of the Communist Party.
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<blockquote>
Those who left Russia found a different set of values in America: freedom of religion, speech, individual pursuits, the right to private property and free enterprise....These opportunities let the average immigrant live a better life than many elites in the Soviet Communist Party...
</blockquote>
<blockquote>
The slogans of "fairness and equality" sound better than the slogans of capitalism. But unlike at the beginning of the 20th century, when these slogans and ideas were yet to be tested, we have accumulated history and reality.<ref>[http://www.investors.com/NewsAndAnalysis/SpecialReport.aspx?id=512665 ''The Perspective Of A Russian Immigrant''], Investors Business Daily, 09/10/2009 </ref>
</blockquote>
==Past Socialist Countries==
==Past Socialist Countries==