Capitalism is about incentives. Stopping the stupidity of socialism is a big incentive

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Panelists Mehek Cooke and Al Mottur discuss the division within the Democratic Party over far-left candidates. Economist Friedrich Hayek said that, "If socialists understood economics, they wouldn’t be socialists." This idea captures a truth worth serious consideration. Too many people have lost sight of basic economic principles and, as a result, are increasingly attracted to the easy answers offered by socialism. They want government to provide more, regulate more, control more and redistribute more, without fully understanding the dire consequences of exactly where those policies lead. Hayek understood those consequences. The Austrian economist’s classic 1944 book, "The Road to Serfdom," remains one of the most important warnings ever written about the dangers of central planning and collectivism. It is hardly an easy or entertaining read, but its