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C00002 00002 Socialism has the following problems
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Socialism has the following problems
1. Lack of opportunity for free enterprise.
Under capitalism free enterprise is a rare event. Nevertheless
it is of extreme importance for the progress of society.
Remember that throughout human history, progress has been
new technology and new customs have been introduced rarely and
slowly, and many societies have suppressed almost all innovation
for hundreds of years. Fortunately not all societies have
suppressed innovation all the time, and the laggard societies
have had to importt innovations or be overwhelmed. Bboth outcomes
have occurred.