Why Socialism Can Never Work (C1)
Questions
- What is socialism defined as in the text?
 - What is the main criticism of socialism presented?
 - How do prices function in a free market, according to the text?
 - What is the „economic calculation problem”?
 - What historical examples are given to illustrate failures of socialism?
 - Why are market prices important for resource allocation?
 - What happens when two people want to use the same resource under socialism?
 - How does the text describe the role of government in a socialist economy?
 - What is the bottom line about the economy, as stated in the text?
 - What invitation does the text extend to the audience at the end?
 
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