Greece Fire

There's a room where the lights won't find you
Holding hands while the walls come tumbling down
When they do, I'll be right behind you
--Tears for Fears

Mises observed that debating the long term benefits of capitalism vs socialism was a waste of time, because socialism as a concept could never be reached in reality. Long before reaching a socialist endpoint, the system would plunge into chaos resulting from economic squalor.

Greece provides a real time example of a socialist system coming apart at the seams. The almost comical efforts of EU bureaucrats to keep the wheels on the wagon symbolize the utter folly of the concept of socialism.

Because similar socialist designs are scattered throughout the EU, it is also folly to think that Greece is an isolated problem. The Greeks are merely the lead traveler on the Road to Serfdom.

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