Democratic socialism is the scenic route to serfdom – CNN

Where today’s socialists want more generous social protections through guaranteed health care, child care, and other benefits-in-kind, the distinction between government ownership and financing will be illusory in practice.Once government covers the costs of a service, it sets limits on how much it pays as the major consumer, creating de facto price controls. Governments attach conditions to their spending, too, defining who can work in an industry or the standards producers must meet. These regulations create shortages in high-cost areas, necessitating subsidized provision to meet demand. Before long the industry is effectively nationalized through regulation.

Source: Democratic socialism is the scenic route to serfdom – CNN