A Recap of Criticisms Against Socialism

I stumbled upon this old post of mine published on Facebook in December 2018:

Recapitulating the criticisms of three economists against socialism, one French and two Austrians (Paul Leroy-Beaulieu, Eugen von Bohm-Bawerk, and Ludwig von Mises), we could say that socialism is a dangerous threat to personal liberty and economic freedom; unworkable in practice as an economic system due to the absence of market price making economic calculation impossible; and fallacious in its labor theory of value, in its idea of exploitation of labor under capitalism, and in its philosophical and political views about man and society. – 17 December 2018

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