Students For Liberty (@sfliberty)
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Warren identified the deeper problem almost a century before Ludwig von Mises and Friedrich Hayek made it famous in academic economics.
When everyone owns everything, no one owns anything. When labor earns the same reward regardless of effort, effort disappears. When prices vanish, no one knows what anything is worth.
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In 1825, a rich Welsh industrialist bought an entire American town to prove that socialism could work.
He had the money, the buildings, the theory, and hundreds of eager followers waiting to move in.
Two years later, it was over. 🧵
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