The Lighthouse
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In his recent book, A Future for Socialism, economist John Roemer claims to have created a model of market socialism immune to the Austrian criticism that economic coordination requires free-market pricing, profit-and-loss incentives, capital markets and private property. Underneath Roemer’s numerous contradictions and misunderstandings lies a profoundly mistaken belief that market competition can be made compatible with coercive egalitarianism.

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