In response to these developments, it is imperative to contribute to the proper education and clarification of what these socialists are actually advocating for, or even what true socialism truly advocates for. Friedrich von Hayek, Nobel laureate and one of the most influential economists and political philosophers of the 20th century, once remarked, “If socialists understood economics, they wouldn’t be socialists.” Building on his erudition, I would add: If socialists understood socialism, they wouldn’t be socialists. This conceptual shortcut makes socialism seem like a dream economic system by avoiding what socialism really is. Therefore, although many public and political arguments are made in the name of socialism, what is often advocated for is not true socialism. A common argument made in defense of modern socialist policies is that there are too many multi-billionaires, and then there are the rest of us.