Videos
Lanhee Chen: Meet The Press
(30:25) Hoover Institution fellow Lanhee Chen joins a panel discussing the midterm elections.
August 30, 2026
Published:September 7, 2021
The debate over whether socialism or capitalism leads to better outcomes continues to this day. Milton Friedman argued that it was critical to look at each system's results instead of focusing on the intentions behind them. While proponents of socialism make their appeals based on social justice and equality, the truth is that social injustices are the greatest under socialist regimes.
Discussion Questions
Additional Resources
Capitalism... socialism... are means not ends.
They, in and of themselves, are neither moral nor immoral.
We have to ask: what are their results?
Don’t look at what the proponents of one system or another say are their intention, but look at what the actual results are.
Socialism, which means government ownership and operation of means of production... has appealed to high-minded fine people,
because of the supposed objectives quality and social justice.
But you have to ask the question: does the system – no matter what its proponents say – produce those results... and once you look at the results, it’s crystal clear that they do not.
Where are social injustices greatest?
Social injustices are clearly greatest where you have central control.
Videos
(30:25) Hoover Institution fellow Lanhee Chen joins a panel discussing the midterm elections.
August 30, 2026
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