ABSTRACT

Imagine a society in which you have no guaranteed freedom of speech and no right to privacy, in which tapping your phone or secretly videotaping your every move is legal and is done. Envision an economy in which all customers internal to the society are controlled centrally by bureaucrats and in which wealth creation is socially owned-one in which the individual is not allowed to own the fruits of his or her labor. Imagine a place where there is no freedom of market choice and all of your suppliers operate as monopolies and are chosen for you by autocrats in the bureaucracy. Imagine a place where regardless of the contribution you make, your reward stays the same and you are rewarded the same or less as those adding less or even no value in the society.