497,244 views
2 votes
2 votes
Why socialism does not work

User Colin Harrington
by
3.0k points

1 Answer

19 votes
19 votes

Answer:

Socialism does not work because it is not consistent with fundamental principles of human behavior. Market prices, the profit-and-loss system of accounting, and private property rights provide an efficient, interrelated system of incentives to guide and direct economic behavior.

Step-by-step explanation:

User Evan Priestley
by
3.3k points