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Chapter 7 of 46 · Outlook for Freedom by Leonard E. Read

Socialism Is State Ownership or Control

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This person already had some comprehension with which to begin his self-analysis. He had recently come to understand socialism to mean the state ownership or control of the means of production; communism to mean the communalization by force of the product of all. There wasn’t any distinction of principle between the two so far as he could see. Fascism, nazism, state-interventionism, Fabianism, the welfare state, and the planned economy all appeared to be of the same ilk; the differences, if any, were only in the details of organizing and administering coercion.

Outlook for Freedom

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