Disaster in Red

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Since its beginning in 1946, The Foundation for Economic Education has resisted the march toward socialism, in both the West and the East. During these five decades of the post-World War II period, when the triumph of socialism was taken to be historically inevitable, FEE often stood as a lone voice defending the principled case for the free society and the unhampered market economy. Throughout these years there appeared in the pages of The Freeman, FEE's monthly publication, countless articles demonstrating the dangers from socialism and Communism. The articles in The Freeman have pointedly analyzed the theoretical weaknesses in the case for socialism as well as critically evaluating the consequences of socialism-in-practice. The present volume in FEE's series of Freeman Classics collects many of the best of these essays. Together they demonstrate why socialism was impossible as an economic system and always led to a political regime of tyranny and oppression. At the same time, they also explain the reasons why these socialist countries will never successfully move into the full daylight of liberty and prosperity until they completely renounce all forms of State control and intervention.