Pictures of the Socialistic Future

On this disk:

About this title:

Pictures of the Socialistic Future is Richter’s satire of what would happen to Germany if the socialism espoused by the trade unionists, social democrats, and Marxists was actually put into practice. It is thus a late 19th century version of Orwell’s 1984, minus the extreme totalitarianism which Orwell had witnessed in Nazi Germany and Stalinist Russia but which was still inconceivable to 19th century liberals. The main point of the book is to show that government ownership of the means of production and centralised planning of the economy would not lead to abundance as the socialists predicted would happen when capitalist “inefficiency and waste” were “abolished”. The problem of incentives in the absence of profits, the free rider problem, the public choice insight about the vested interests of bureaucrats and politicians, the connection between economic liberty and political liberty, were all wittily addressed by Richter, much to the annoyance of his socialist opponents.

Edition used:

Pictures of the Socialistic Future (Freely adapted from Bebel), trans. Henry Wright, Introduction by Thomas Mackay (London: Swan Sonnenschein & Co., 1907).

Copyright Information:

The text is in the public domain.

Fair use statement:

This material is provided on this disk to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

Other formats available at the OLL (Internet connection required):

HTML256.66 KBThis version has been converted from the original text. Every effort has been taken to translate the unique features of the printed book into the HTML medium.
HTML by Chapter(varies)View this title one chapter at a time.
Facsimile PDF8.9 MB

This is a facsimile or image-based PDF made from scans of the original book.