How Imperial Socialism Shattered the Roman Empire and Led to Feudalism

From FEE.org:

In years of peace, Diocletian, with his aides, faced the problems of economic decay. To overcome depression and prevent revolution, he substituted a managed economy for the law of supply and demand. He established a sound currency by guaranteeing to the gold coinage a fixed weight and purity which it retained in the Eastern Empire till 1453. He distributed food to the poor at half the market price or free, and undertook extensive public works to appease the unemployed. To ensure the supply of necessaries for the cities and the armies, he brought many branches of industry under complete state control, beginning with the import of grain; he persuaded the shipowners, merchants, and crews engaged in this trade to accept such control in return for governmental guarantee of security in employment and returns.

The state had long since owned most quarries, salt deposits, and mines; now it forbade the export of salt, iron, gold, wine, grain, or oil from Italy, and strictly regulated the importation of these articles. It went on to control establishments producing for the army, the bureaucracy, or the court. In munition factories, textile mills, and bakeries the government required a minimum product, bought this at its own price, and made the associations of manufacturers responsible for carrying out orders and specifications. If this procedure proved inadequate, it completely nationalized these factories and manned them with labor bound to the job.

Gradually, under Aurelian and Diocletian, the majority of industrial establishments and guilds in Italy were brought under the control of the corporate state. Butchers, bakers, masons, builders, glass-blowers, ironworkers, engravers, were ruled by detailed governmental regulations. The “various corporations,” says Rostovtzeff, “were more like minor supervisors of their own concerns on behalf of the state than their owners; they were themselves in bondage to the officials of the various departments, and to the commanders of the various military units.” The associations of tradesmen and artisans received various privileges from the government and often exerted pressure upon its policies; in return, they served as organs of national administration, helped to regiment labor, and collected taxes for the state from their membership.

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Such a system could not work without price control. In 301, Diocletian and his colleagues issued an Edictum de pretiis, dictating maximum legal prices or wages for all important articles or services in the Empire.

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The Edict was, until our time, the most famous example of an attempt to replace economic laws by governmental decrees. Its failure was rapid and complete. Tradesmen concealed their commodities, scarcities became more acute than before, Diocletian himself was accused of conniving at a rise in prices, riots occurred, and the Edict had to be relaxed to restore production and distribution. It was finally revoked by Constantine. [read more]

Another article on socialism: “Socialism is Not Built on Compassion. It's Built on Dehumanizing Others”

Here’s an excerpt from the article above:

Like the Japanese, North Koreans have no Jews, but the North Koreans have made a “devil” out Americans—and much of their own population.

North Korean defector Hyeonseo Lee grew up thinking her country “was the greatest nation on earth.” In her book, The Girl With Seven Names, Lee explains how she was taught that “South Korean children were dressed in rags” and “scavenged for food on garbage heaps and suffered the sadistic cruelty of American soldiers, who used them for target practice, ran them over in jeeps, or made them polish boots.” Lee’s teacher showed “cartoon drawings of children begging barefoot in winter.”

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“Sitting on a newspaper with a Kim’s face” is a “crime” that can send three generations to North Korean concentration camps.