Socialism Is Harder Than It Looks
19th March 2016
Scott Sumner, a Real Economist, takes a look.
Suppose you wanted to switch to socialism—what would be the ideal place to do so?
You’d want a country with extremely high quality civil servants.That would be France.
You’d want a country where socialism is not a dirty word, and capitalism is.
That would be France.
You’d want a country with the Socialist party in power, a party that was committed to enact the ideas of Thomas Piketty.
That would be France.
So how did things work out in France, when they tried to adopt a Bernie Sanders/Thomas Piketty approach to taxes?