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Origins, Expansion, Decline, and the Attempted Revival in the United States

by Phillip J Bryson

About The Book

This book is an attempt to address all the important economic aspects of socialism – the concepts and theories, the historical attempts to implement socialist economic systems, and the endeavor to establish socialism in the United States. The origins and ideas of socialism reflect an aspiration radically to transform the market system, the great advantages of which were explained by Adam Smith. Part II reviews the establishment of Marxist-Leninist economic systems in the USSR and the East European countries. The movement featured central economic planning, which survived from the 1920s until about 1990; it’s failure was the attempt of statist organization to crush the market system and replace it with Stalinist “command” planning. Central planning was meticulously copied in the bloc countries of East Europe, in China, in India, and elsewhere. The national replications of central economic planning always produced the same disappointing, usually disastrous results. Efforts to reform the system always failed. Meanwhile, the democratic countries of Western Europe established socialist parties and policies, but in less than a century after Marx, the great hopes of socialism to achieve successful and productive nationalization of industries on the basis of a national economic plan had been recognized as unproductive and undesirable. Part III reviews the failed attempt to establish a viable socialist party in the United States. The real thrust toward socialism, originally launched by the New Deal of Roosevelt, came when Barak Obama, a thoroughly indoctrinated and dedicated socialist, ascended to the U.S. presidency. This socialism is an attempt to expand income redistribution and social welfare policies, and to pursue massive industrial regulation and unconstitutional interventions in the private sector. The implications of these policies are discussed together with the associated loss of market freedoms and personal liberties.

Publication date August 17,2021
Language English
ISBN (Paperback)
978-1-63871-443-9 (E-BOOK)
Genre Nonfiction, Social Sciences
Pages 814
Interior Color Black and White
Book Size 4.000" x 6.000" (152mm x 102 mm)

About The Author

Phillip J. Bryson was living in Berlin when the East German communist dictatorship built a wall there, dividing the city. When he returned to the states, he studied economics to learn why a nation would have to build a wall to keep its citizens from fleeing. After receiving a PhD in Economics from The Ohio State University, he taught at the University of Arizona and Brigham Young University more than forty years before his retirement.

During his entire career he conducted research and published articles in scholarly journals on various aspects of the economic system of socialism. His early publications were mostly on the East German and Soviet economies. On several occasions he lived and worked in West Berlin and East Berlin (Karlshorst), Munich, Marburg, Duisburg, Vienna, London and Moscow. He was attending a conference in the Reichstag in West Berlin when it was announced that the Wall was open, so he experienced the beginning (August, 1961) and the end of the Wall (November, 1989).

In retirement, Professor Bryson decided to write about the nature of the socialist economic system for the general public. He had devoted his entire career to writing about the socialist system and he was concerned with the open statement of President Obama that his objective was to “transform” the American system. Bryson’s recent books have been motivated by his concern about the fiscal, social and political implications of Obama administration policies and the growing number of Americans who either acknowledge their socialist preferences openly or who continue actively as stealth socialists.


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