After the Soviet economy imploded and the PRC went hurtling down the capitalist road, Prof. Robert Heilbronner acknowledged the Friedrich Hayek had been right all along in his diagnosis of the intractable problems of the planned economy.

BUT he found solace in the Environmentlist Mission, i.e., socialism had failed to deliver prosperity, but it is ideally suited to manage scarcity.

Like the patent medicines of old, Dr. Marx’s Snake Oil Tonic is the ideal cure for every ailment currently in fashion.