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Distilling Economic Literature

Tag: Socialism

Why We Bite the Invisible Hand

The Authoritarianism Inherent to Owen’s Utopia

Dr. Ellen Clardy, May 20, 2023August 5, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 4 “Dark Satanic Minds” Soon after capitalism was born a couple of hundred years ago, the anti-capitalist movement begins. Specifically, Foster discusses in this chapter Karl Marx and Friedrich Engels’ call for communism and lesser-known Robert Owen’s call for a…

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