An interesting read: Socialists of the World, Be Careful
Noah Smith notes:
“They show that
it’s possible for well-intentioned democracies, with their citizens’ best
interests at heart, can implement government interventions that almost
certainly leave those citizens worse off than before. Progressives and
socialists hoping to use government to improve the economies of the 21st
century should bear these examples in mind, and take great care that their own
efforts don’t end up having similar effects.”