Why Intellectuals Fall for Socialism, by Friedrich A. Hayek. The absence of direct responsibility for practical affairs and the consequent absence of first hand knowledge of them distinguishes the typical intellectual from other people.

submitted by Chipit from mises.org

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[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (3 children)

so why do intellectuals also fall for capitalism

[–]Tiwaking 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

so why do intellectuals also fall for capitalism

Because they dont know what true, unadulterated Capitalism is i.e. the commodification of everything.

[–]Chipit[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Whataboutism is a propaganda technique first used by the Soviet Union, in its dealings with the Western world.[1] When Cold War criticisms were levelled at the Soviet Union, the response would be "What about..." followed by the naming of an event in the Western world.[2][3] It represents a case of tu quoque (appeal to hypocrisy),[4] a logical fallacy that attempts to discredit the opponent's position by asserting the opponent's failure to act consistently in accordance with that position, without directly refuting or disproving the opponent's initial argument.

http://en.wikipedia.org/wiki/Whataboutism

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

nah it's just a good way to show hypocrisy

[–]Tiwaking 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

There's an old joke that goes like this
A policeman finds a drunk on his hands and knees searching for something underneath a street light. The drunk says, without looking up "I'm looking for my house keys"
The policeman asks "Did you lose them around here?"

The drunk replies: "No, but this is the only place which has any light".

The reason why intellectuals fall for socialism is because it has a lot of people looking at it so they focus on it and think that it holds keys to the future. It doesnt. It just happens to be the only place the are looking at.