Socialism has killed hundreds of millions of people in the 20th century. I think it's fair to put it into the "doubtfully useful techniques" bin, where a higher standard of proof for usefulness is required to make use of anything that seems socialist.
Unfortunately, exactly the opposite is the case today. Free enterprise and competition is looked on skeptically, while socialism (multiply disproved and damned by the experience of history) is gleefully embraced and readily adopted with insufficient skepticism.
Unfortunately, exactly the opposite is the case today. Free enterprise and competition is looked on skeptically, while socialism (multiply disproved and damned by the experience of history) is gleefully embraced and readily adopted with insufficient skepticism.