https://www.aier.org/article/the-property-instinct-and-the-utter-futility-of-socialism/
If you are like me, you regularly interact with people who remain unphased by America’s recent giant strides towards authoritarian socialism, of an economy run largely by, and for, state actors and their corporate minions. Those who bother to engage the problem at all eventually exclaim something like “Well, no society has ever tried ideal socialism,” by which they mean a system that truly redistributes wealth according to everyone’s needs.
A new book from Chapman University law and economics professor Bart Wilson entitled The Property Species nowhere mentions communism, Marx, or socialism but nevertheless provides a powerfully cogent explanation for why socialism, especially “ideal” socialism, can never work — it’s inhuman because it doesn’t account for humanity’s property instinct.
Classical liberal comebacks to the ideal socialism canard tend to focus on the reasons why socialism cannot possibly succeed. Check out Don Boudreaux’s “The Inevitable Failure of Socialism” for many powerful economic reasons that socialism, even “ideal” socialism, cannot increase the living standards of the masses as quickly as market economies can.
To disparage socialism is not, of course, to embrace the status quo. Our overly powerful governments regularly enrich one party at the expense of others. Corporate welfare is particularly galling, if not well enough understood by the general public, but so too is its enabler, the grabbing hand of government. America can reduce rent seeking without going full bore socialist, which has always proven itself just another system for extracting rents from the masses for the benefits of elites. But the human property instinct renders even “ideal” socialism impossible.