00:01
All right, here we are asked to say if this is true or false, that socialism is just another name for a planned economy.
00:08
So is it the same that socialism is, we'll say, equivalent to a planned economy? a planned economy.
00:21
Well, let's think about what each of these are.
00:23
Socialism is kind of the idea.
00:24
It has a classic thing from the communist manifesto that karl marx and vladimir lenin put out, which is from each according to his ability to each according to his needs.
00:34
It's basically saying to distribute wealth, right? the distribution of wealth.
00:39
And there is a lot, a lot, a lot that comes with that.
00:43
And if you've read alexander solzhenitsyn's gulag archipelago, you realize that he's arguing that the natural consequence of that is when everyone, the state basically burns itself to pieces because everyone is participating in the lie that i am loyal and you are not, when the truth is all of them are loyal.
01:04
There was a phrase in the socialist union towards the end of the soviet union that said, we pretend to work and you pretend to pay us, meaning the government.
01:14
The workers are saying we pretend to work and you, the government, are pretending to pay us...