...according to Peter Shiff. He says that socialists just don't understand economics or history. He gives the standard "fascism is socialist" argument. A couple of points where I don't believe he understands economics or history: 1. Fascism doesn't have to be racist; Italy under Mussolini wasn't racist. That is very wrong: Racism in Italy - Wikipedia 2. New Zealand destroyed its economy by being too socialist. Whereas the OECD seems to say that its export market collapsed when the UK joined the EEC, then a stock market crash wrecked it some more, then rampant deregulation concentrated wealth at the top that never trickled back down. Isn't that all capitalist systems that tanked New Zealand's economy? Economy of New Zealand - Wikipedia Here's an argument fro the other side; Marxism 101: How Capitalism Is Killing Itself With Dr. Richard Wolff:
