It may be said of Socialism, therefore, that its friends recommended it as increasing equality, while its foes resisted it as decreasing liberty….The compromise eventually made was one of the most interesting and even curious cases in history. It was decided to do everything that had ever been denounced in Socialism, and nothing that had ever been desired in it…we proceeded to prove that it was possible to sacrifice liberty without gaining equality….In short, people decided that it was impossible to achieve any of the good of Socialism, but they comforted themselves by achieving all the bad.

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