News for hackers. Stuff that matters.
Re:A Wonderful Socialist Life by 1996 on Sunday August 12, 2018 @02:43PM (#17745767)
It is based on physical reality: over promising limited resources can't work. Socialism is based on this premise. Unfortunately, it can't work in the long term.

I would be happy if I am wrong on this one example: I do not wish anyone to be poor. However, wikipedia says median income for MS is 40k now, cf https://en.m.wikipedia.org/wiki/List_of_U.S._states_by_incom...

While for France, it is 20k according to http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=ilc_...

My numbers may be wrong, as other sources say it would just be above the 12 poorest, see https://mises.org/wire/if-sweden-and-germany-became-us-state...

If France median income is not lower than the poorest US state, but on par with the bottom 1/5 of the states, that still speaks volume. It's burdened by a system that can't work.

Re:A Wonderful Socialist Life by mikeash on Sunday August 12, 2018 @03:22PM (#17745961)
I don’t see why socialism must overpromise.

You appear to be comparing Mississippi’s median household income with France’s median individual income. The former is of course much higher.

Re:A Wonderful Socialist Life by 1996 on Sunday August 12, 2018 @05:03PM (#17746403)
My mistake, and I am happy I made it. France is only in the 20% poorest US states, instead of being poorer than the poorest.

However I'm not sure you should celebrate that.