In fact, are you telling me as a historical matter that the Soviet Union and other socialist economies did not and do not suffer from any Subsidized Moral Hazard problems?
David Shemano ^^^^ CB: Yes, socialist consider what you are talking about as moral success of socialism: no unemployment, no poverty, free rent, free health care, free child care, free workers' vacation resorts, free college. That's all considered success , not hazard by socialists. Moral hazard is a bourgeois concept.
