Socialism

The Ugly Reality of Socialism

Central planning delivers misery.

|

People hate America's big disparities in wealth. It's a reason why, among young people, socialism is as popular as capitalism.

The Democratic Socialists of America want a country based on "freedom, equality and solidarity." That sure sounds good.

But does socialism bring that?

My new video debunks several myths about socialism.

One reason for socialism's continued appeal is linguist Noam Chomsky. For generations, his work has taught students that capitalism is "a grotesque catastrophe."

I assumed the fall of the Soviet Union would put an end to such misinformation. It did—for about a month.

But since then, the lust for socialism has come back strong. Today, Chomsky says that the Soviet Union "was about as remote from socialism as you could imagine."

"Absurd!" responds economist Ben Powell, author of Socialism Sucks: Two Economists Drink Their Way Through the Unfree World.

When the Soviets made private businesses illegal, says Powell, "that's about as close as the world ever saw" to pure socialism.

Now that the Soviet Union is gone, MSNBC anchor Ali Velshi says, "there is no true socialist country that exists."

No? What about Cuba, China, North Korea, Vietnam, and Venezuela?

Velshi didn't respond when we asked him.

Venezuela was once Latin America's richest country. Now it's the poorest. Many in the media claim that its fall has "nothing to do with socialism," just "poor governance."

John Oliver says, "Chavez's programs could have been sustainable if he pursued a sound economic policy."

"Yeah," laughs Powell. "Sustainable if he had a sound economic policy called capitalism."

I push back. "Why does it have to be capitalism?" Why not socialism without bad management?

"That's the nature of socialism!" Powell replies. "Their economic policies fail to adjust to reality because economic reality evolves every day. It's millions of decentralized entrepreneurs and consumers making fine-tuning adjustments."

Powell notes that in our capitalist society, when COVID-19 hit, businesses quickly adjusted. Restaurants switched to takeout and delivery. They built outdoor patios with heat lamps. Supermarkets opened early so the elderly could shop with less risk. Alcohol companies started producing hand sanitizer. Ford used its 3D printers to make face masks.

The media whined about "lack of federal direction," but no central authority could direct all those individual adjustments in thousands of different places. In fact, federal direction would have prevented it.

"In a socialist economy, you get a one-size-fits-all adjustment," adds Powell. "You miss out on this learning process where entrepreneurs copy others when they see things successful and stop doing it when it's not." By contrast, "In a market economy, everybody's little adjustments get tested, and we get to see what works."

In America, Blockbuster video was a great success. But then Netflix offered something better—no driving to a store, no late fees. Because Blockbuster didn't immediately adjust, it went bankrupt.

"In a socialist economy, every adjustment needs to be commanded," says Powell. "Communicate it down and get everybody to do the right thing. That's impossible."

That's why under socialism, shortages are routine. In Venezuela, there's so little food for sale that Venezuelans have lost weight.

Yet, "journalists" at Vox produced a video titled, "The Collapse of Venezuela, Explained," without mentioning socialism even once. Vox's explanation for Venezuela's fall: "Oil prices plummeted."

"The oil price is a complete distraction," says an exasperated Powell. "There's plenty of countries that depend on oil revenue. When oil prices went down, people there didn't start losing weight. That just happened in Venezuela."

Some claim Venezuela and Cuba's people struggle mainly because of America's economic sanctions and embargo.

"They certainly don't help the people," says Powell, "but it's an afterthought as a reason for their suffering."

The U.S. only sanctioned a few Venezuelan officials and their operations—not the country as a whole.

In Cuba, Powell points out: "They drive around 1950s U.S. cars…but there's no U.S. Navy destroyers preventing Kia, Fiat, and whoever else around the world from sending them cars. The reason for their suffering is they have an economic system that can't deliver."

Socialism delivers misery.

Next week, three more myths about socialism.

COPYRIGHT 2020 BY JFS PRODUCTIONS INC.
DISTRIBUTED BY CREATORS.COM

NEXT: The Constitutionality of Trump’s Impeachment Trial Is Not ‘Crystal Clear’

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. People are disillusioned with capitalism because we’ve solved all the big problems so there are no lucrative opportunities left (unless you already have a billion dollars in the bank and well connected friends). So they turn to various socialist scams for profit and power (medicare for all, green new deal, election fraud reform, etc). And of course, many will benefit from the scams but most people will lose. Unfortunately usually people have to learn the hard way.

    However the whole point of humanity is to amass wealth and retire and help others do the same. Thus profit and inequality is actually a good thing. Of course, benefits (free housing, healthcare and education) must be voluntary (libertarian) not forced (socialism). And that means that the recipients must be qualified. But fortunately there is a simple list of issues. If you can agree with them, then paradise is yours.

    1. First, you plug Twitter. Now, you’re plugging your cult. Get the fuck out of here.

      1. You’re welcome to keep toiling. No one’s stopping you. However the socialists will continue to win if you present no feasible alternative other than “meet me at the bottom of the ocean”.

        1. Get your cultist ass out of here.

          1. Is Christianity a cult? Is America a cult?

            1. Yes, a large one. And yes, a large one.

              1. I am making a good salary from home $7300-$9600/week, which is amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,
                Here is what I do. ——-> Visit Here To Earn Dollars

            2. Well Christianity IS based on a human blood sacrifice so…

              1. The Constitutionality of Trump’s Impeachment Trial Is’ Clear.The Constitution says “the President , Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors..…..MORE READ

            3. Capitalism not socialism

              Agree. Capitalism is perfect, if the people are perfectly moral. Unfortunately they are not. So the goal should be to improve people, not the system which is perfect when the people are moral. That said, capitalism is vastly better than socialism. Socialism is a giant bludgeon for robbery, government overreach, and essentially, state enslavement of the people.

              Small government, low taxes

              Yep. Live and let live.

              You can use government services (such as medicaid) but must oppose them politically

              Ok

              Oppose social security, medicare and other entitlements

              Ok

              No such thing as ‘mental illness’ or ‘addiction’

              This isn't science. There is such as thing as mental illness and addiction. Go meet a guy with psychosis, or schizophrenia. Mental illness is real, and sometimes, with addiction, is brought about by drug use. I have two neighbors who are not all there, and have entire conversations with themselves after years of heavy drug use. Even without a "background check" they couldn't get a job on the basis of their behavioral abnormalities alone.

              Support decriminalization of drugs and weapons

              No. Absolutely no. Weapons sure. Because a person can own a weapon their entire lives and never hurt anyone. Weapons don't cause murders or injury. Completely unlike drugs. How do you "use" methamphetamine without hurting someone? You can't. It's extremely addictive. Unabated, it will cause family distress and destruction. Community rot, high crime, rape, and murder. Reason is about "free minds" and free markets right? You can't have a free mind, when you are a slave to a mind altering substance. Drug addiction of hard drugs is not moral, and thus I wouldn't want their legalization. People should strive to be tolerant of each other, but everyone has their limits. To have a peaceful community, everyone needs a similar, basic, moral framework. Which is why capitalists and socialists don't mix well. One says earn it - the other says steal it with votes. Likewise with this topic. The cultural divide is too much. I'm simply not going to tolerate a prostitute standing in front of my suburbia home on the sidewalk shooting up while my daughter watches. Negative. As Nietzsche said, People don't have ideas. Ideas have people. And some ideas are literally worth us losing blood over.

              Support equality, free speech and freedom of religion

              There is no such thing as equality. No one is equal.
              No one is born equal. No one will ever be equal. There is equality of rights and justice under the law. I support that.

              Oppose zionism, fascism and anarchy

              No. There is absolutely nothing wrong with a Jewish state. Israel is surrounded by islamic states and we are going to say the Jews can't establish a Jewish state? No. Just no. Fascism and anarchy are not my cup of tea, but if some other countries want that - that's fine.

              Modern physics and evolution

              Yep

              No resurrection of the dead or eternal life, other than what we create

              No. You just stated above you support freedom of religion. So - not sure where you are going with this one.

              1. you forgot to include a picture of your tiny cock with your post

                  1. The new administration nixes a change that would have allowed more physicians to prescribe buprenorphine.The Trump Administration didn’t attempt either approach to justify it’s guidelines, but argued HHS has the authority to “eliminate the requirement QSyj that physicians with a Drug Enforcement Administration (DEA) registration number apply for a separate waiver to prescribe buprenorphine for opioid use disorder treatment,” which would effectively cover almost all practicing physicians in the U.S..……..MORE READ

        2. Prohibit government from initiating force is that feasible?

          1. During his first week in office, Biden also abolished a Trump-era rule that imposed some measure of accountability VFre on the federal bureaucracy.……..MORE READ

          2. I am creating an honest wage from home 1900 Dollars/week , that is wonderful, below a year agone i used to be unemployed during a atrocious economy. I convey God on a daily basis i used to be endowed these directions and currently it’s my duty to pay it forward and share it with everybody, Here is I started.. Click here for more info.

      2. Now, Geiger…

    2. Watch Shark Tank. There are plenty of opportunities left.

      1. Congratulations, in a thread with Shreek’s insane sock you managed to say absolutely the single most stupid thing in the entire thread.

    3. Profit is the difference between what consumers freely value (i.e. spend their own money on) goods and services at, minus the cost in resources (natural, human and time) to produce those goods and services. Of course profit is good. Less profitable companies are providing inferior products, or consuming too much in resources to produce them.

      In a capitalist country, those who are adept at creating value (profits) accrue more resources so they can create even more value.

      In a socialist country, people who are good at promising other people free stuff skim off a large chunk of the value created by successful businessmen. If they are smart, the socialist politicians leave the productive class enough wealth to keep things going. If they are stupid enough to be be true believers in socialism, or smart enough and evil enough to just want to make themselves powerful, they take too much and send the whole economy down the drain together.

      1. “If they are smart, the socialist politicians leave the productive class enough wealth to keep things going. If they are stupid enough to be be true believers in socialism, or smart enough and evil enough to just want to make themselves powerful, they take too much and send the whole economy down the drain together.”

        The progression is inevitable. Socialists are fundamentally indistinguishable from heroin addicts. From a small taste of the good life, to a ravenous hunger, to a crippling and irreversible dependence and, finally, to death. They do not care who or what they have to endure or destroy in the process of destroying themselves.

        1. maybe the dumbest false equivalence I’ve read in the past hour.

        2. “The progression is inevitable. Socialists are fundamentally indistinguishable from heroin addicts. From a small taste of the good life, to a ravenous hunger, to a crippling and irreversible dependence and, finally, to death. They do not care who or what they have to endure or destroy in the process of destroying themselves.”

          You ARE joking, aren’t you? _Reason_ has some interesting writers, but when one sees the stupid, outdated arguments people trot out against “socialism,” one realises that the bourgeoisie is still shaking in their boots just as they were in 1917, and that they’re ready to vote in a new Hitler (who’ll of course promise “small government” and protection for “those who create value”) to keep the spectre at bay. Rather than give us another Trump, shouldn’t you fellows come up with some… Reasonable arguments?

          1. Libertarians: content to act as scolds. Seem to feel that as long as they simply complain, they have demonstrated prudence, acumen, and wisdom, and let someone else come up with real-world solutions to real-world problems. Stossel is the fucking worst.

      2. In a capitalist country, those who are adept at managing relations with the central government that operates the central bank that transfers wealth from the poor and middle classes to the wealthy and upper classes through currency devaluation accrue more resources so they can arrogate even more wealth for themselves through generational theft through central bank inflation.

        There you go, fixed your Utopian fantasy by substituting actual reality. Hope it helps.

        1. you sound jealous

        2. That is a problem with capitalism when the government has too much control, but it is not capitalism.
          There you go; fixed your idiotic claim. I doubt it will help

          1. Why do we have a minimum wage? Because free market refused to pay.

            Why do we have workplace safety? Free market refused to provide safety.
            This list could go on and on and on

            1. We have a minimum wage because about 150 years ago, Progressives thought it would accomplish their eugenics goals. They imagined that putting a floor on labor costs would shut “inferior people” (blacks, “poor white trash”, morons, and weaklings) out of the labor market, and further imagined that their targets were just like the white middle class in not marrying until the man could support a family reasonably well, and not having babies without marriage.

              They were wrong about all three expectations, but they’re still trying to increase the minimum wage until they _have_ shut the lower 25% out of any legal jobs – not to get them to stop breeding, but to make them completely dependent on the money the government steals from others.

          2. I’ve got news for you, pal: The central bank in the US is a private institution.

      3. The “problem” with a capitalist economy is that there will inevitably be winners and losers. A segment of society, due to low intelligence, dysfunctional behaviors, addiction, etc will always remain at or near the “bottom.” Others, due to initiative, motivation [and other aspects the SFUSD identifies as “white supremacy”] will enjoy material success. Most will toil somewhere in the middle, and if the system is allowed to operate with limited [and reasonable] regulations, and be essentially free of corruption, enjoy their lives.

        If this is not acceptable to you, if you want to be assured of having whatever you need no matter how little effort or initiative you posses, be guaranteed a comfortable life style no matter how much you screw up, or just cannot tolerate the differences that accrue to people accordingly, then I can see why you might like socialism; by that I mean government managed central planning. That way most everyone will subsist at the same shitty level, while the apparatchiks enjoy what capitalist call a middle class lifestyle.

        1. Free of corruption? LOLOLOLOLOL

        2. ” be guaranteed a comfortable life style no matter how much you screw up, ” No, I don’t want to be guaranteed anything – except maybe a healthcare system that will give me an equal chance to survive an epidemic.

    4. While I cannot guarantee what you might get offered if you’re successful with them, my research suggests around $30 USD per hour for those based in Asia/India, and around $30-40 USD per hour for those based in Europe and UK / US / Australia / New Zealand. I work through this link, go? to tech tab for work detail…….INFORMATION USA HOME JOB.

    5. All the big problems? No one initiates force against others anymore? Damn I must have missed the announcement.

      1. Thats moving the goal posts quite a bit. Prior to capitalism the big problems were living past 8 and haveing food and clothes. The life expectancy expanded greatly and the wealth of the world is tk the point where the upper class 100 years ago would be baffled by wealth of the poorest people today

    6. [ PART TIME JOB FOR USA ] Making money online more than 15$ just by doing simple works from home. I have received $18376 last month. Its an easy and simple job to do and its earnings are much better than regularFGT office job and even a little child can do this and earns money. Everybody must try this job by just use the info
      on this page…. Visit Here

    7. ‘When the Soviets made private businesses illegal, says Powell, “that’s about as close as the world ever saw” to pure socialism.’

      Most healthy families are based on socialist principles.

      All monasteries are.

      Many other communites are.

      Governments themselves are examples of socialism at work. They are owned by and run by the people.

      As we move up the subsidiarity chain, economies become more or less mixed: socialist and free market.

      To work properly, free markets require certain elements of socialism. The capitalist respects unions, because only with strong unions can bargaining be really fair. The market depends on the products of people-owned government to protect the consumer from fraud and to guarantee contracts.

      The reason capitalism is now – in many quarters – a dirty word is twofold: First, the absurd casino capitalism of the stock market; second, the American version of The Inclosure Acts, which exclude the common man from the land so he can more easily be exploited.

      Unless you Americans want a *real* revolution – and I don’t mean a bunch of clowns and would-be gangbangers storming the Capitol in the name of a pseudo-capitalist – you’d be wise to “Beware of listening to [an] impostor; you are undone if you once forget that the fruits of the earth belong to us all, and the earth itself to nobody.”

    8. Funny the way critics of socialism want to cite the examples of Venezuela and Cuba. How about those socialist hell holes Denmark, Sweden, etc?

      1. Ah yes, the Nordics, entries #8, 20, 22, and 28 in the index of economic freedom. Exemplars of the socialist ideal, those four.

        Or as someone else put it:

        Talk to a Bernie Sanders voter about “socialism” — and they can be very insistent about using the word — and you’ll get paeans to Sweden, which is not a socialist country but a country with large, expensive welfare state. The distinction is not trivial: There is relatively little in the way of state-run enterprise in Sweden; the Swedish government is in fact only a 60 percent partner in the postal service. The Swedish government is, alas, in the casino business, albeit in a more transparent way than American government is. On the Heritage economic-freedom rankings, Sweden isn’t that far behind the United States. It has very high taxes, but taxes are not the only burden that governments put on the economy, not necessarily even the most important, and Sweden outscores the United States on a number of important metrics: free trade, property rights, freedom from corruption, investment freedom, monetary policy, etc. The United States’ small edge in the rankings comes mainly from relatively low taxes and a much less regulated labor market.

        If you want to know why that matters, take a look at those empty Venezuelan grocery stores. A highly productive modern capitalist economy can withstand a fair amount of welfare-statism, as Sweden, Canada, Switzerland, the United States, and others demonstrate. What it cannot bear very much of is proper socialism, which is to say government ownership and operation of the means of production. If you’re going to have a welfare state, what you want is one in which your welfare programs simply enable higher levels of consumption among the people you’re trying to help rather than one in which government tries to actually manage enterprises.

        1. Excellent wordplay! Call socialism welfare to try and fool people into believing welfare is not socialism! NO ONE is suggesting we go the way of Venezuela or Cuba, NO ONE!

    9. [ PART TIME JOB FOR USA ] Making money online more than 15$ just by doing simple works from home. I have received $18376 last month. Its an easyJKIU and simple job to do and its earnings are much better than regular office job and even a little child can do this and earns money. Everybody must try this job by just use the info
      on this page…. Visit Here

  2. “Powell notes that in our capitalist society, when COVID-19 hit, businesses quickly adjusted. Restaurants switched to takeout and delivery. They built outdoor patios with heat lamps. Supermarkets opened early so the elderly could shop with less risk.”

    Adjusted?

    Other than maybe the last part, the rest of the shit on this list was aggressively forced upon business owners under threats of arrest and/or a succession of financially crippling fines.

    1. As one of the few capitalists left, it’s baffling to me that you would spurn my help.

      Reason is our safe space. You won’t achieve anything by ‘winning’ an argument with me on here. You have to venture out into enemy territory and fight the socialists where they’re at. I can help you do that.

      1. Where do I sign up?

  3. Well, there’s still on libertarian writing for Reason….

  4. one…. where’s the edit button?

  5. I bet some Trump cultists will comment here eventually. I hope it’s about how much they hate me. Because I’m broken and that’s an argument that will give my life meaning for a short time.

  6. Capitalism works because it’s based on the premise that everyone is greedy

    Socialism doesn’t work because it’s based on the premise that no one is greedy, especially those who make the decisions.

    1. Getting paid every month easily more than $15k just by doing simple job online. Last month i have exactly received $17529 from this online job just by giving this 2 hrs a day online. start earning more cash online just by follow instructions here… For more detail.

    2. “those who make the decisions.”

      AKA apparatchiks

  7. A big problem in the world

  8. Velshi didn’t respond when we asked him.

    “It’s not my job to educate you!”

  9. Central planning is the root of all evil

    1. If you haven’t already, please check out Hayek’s The Road to Serfdom.

  10. As Koch / Reason libertarians, we must distinguish between various types of socialism. There’s the socialism of places like Venezuela, which is of course bad since it produces the type of economy in which billionaires can’t prosper. Or worse, in which billionaires don’t even exist.

    OTOH in the US we have the socialism of people like AOC. Sure, she might talk tough about taking on “the rich.” But in practice her politics are effectively pro-billionaire. She wants open borders, just like Charles Koch. And she voted for Biden, the candidate of billionaires, Wall Street, and Reason writers.

  11. “People hate America’s big disparities in wealth. It’s a reason why, among young people, socialism is as popular as capitalism.”

    John Stossel need to address this, not try to scare me by telling me over and over again about the evils of socialism. Stossel is a one-trick pony when writing on this subject. Socialism is bad, really bad, really really bad. What he need to address is how capitalism can address peoples concerns.

    Address young peoples concerns about the failures of capitalism leading to wide wealth inequality. I believe that capitalism is failing because it is not moving capital around, instead it is being sequestered by a small minority, at the expense of the larger population. I like to see Stossel address this, how do we get more capital in the middle class where it moves around more and helps more people.

    1. Sequestered? You mean like in a McDuck-like money bin? I’ve always observed that wealth earned by the rich doesn’t trickle down, it flows. It gets spent on the white and blue collar workers who support the rich’s lifestyles.

      1. You are observation power need work. Yes rich people spend money but they don’t spend money the way middle class and poor spend money. In many cases the rich spend less because they can leverage their wealth.
        Consider the case of a rich person building a $2.5M house and 10 middle class people building ten $250K houses. Consider the kitchen and the appliances. The rich person will buy a expensive refrigerator, but the middleclass will buy 10 refrigerators. The rich likely put less in the economy than the middleclass.
        This is the basis of the economy it not just the amount of money but having that money in circulation.

        1. Consider the case of a rich person building a $2.5M house and 10 middle class people building ten $250K houses.

          Consider the middle class tradespeople building that $2.5M house so they can make the mortgage on their $250K house.

        2. “Consider the case of a rich person building a $2.5M house and 10 middle class people building ten $250K houses. Consider the kitchen and the appliances. The rich person will buy a expensive refrigerator, but the middleclass will buy 10 refrigerators. The rich likely put less in the economy than the middleclass.”

          Well, arithmetic requires logic, so it’s no surprise you’re a failure at that, too.
          Damn, you’re stupid!

        3. the rich person buys a $25,000.00 refrigerator built by 10 middle class people who will then buy 10 $2,500.00 refrigerators. the money is in circulation. Also most rich people don’t have cash sitting around they have assets like stocks that keep companies running that employ middle class people.

          1. Also most rich people don’t have cash sitting around they have assets like stocks that keep companies running that employ middle class people.

            ^ This. It’s been several centuries since “The Rich” locked up big piles of gold in heavily-guarded vaults. The smart way to secure your money is to loan it to people. I.e., to circulate it.

            1. Exactly. Consider Madam Pelosi’s not one but two gigantic refrigerators to house her organic ice cream. Then her willingness to use her income to invest in the Tesla company to further the green new agenda through the purchase of EO vehicles for the Gov.
              It’s easy and you can do it too!

        4. Without the rich, there wouldn’t be a middle class, or to the extent that it still existed, it would be a lot smaller.

      2. You mean like in a McDuck-like money bin?

        Dragons. You forgot to add that their gold hoards are guarded by dragons.

    2. Shorter M4E:

      “I refuse to accept that socialism killed 200 million people in the last century and have a stupid assertion about capitalism that fails when compared to the reality that the poorest people in America are rich compared to any socialist nation. Stossel should address this.”

      1. Even shorter: “I Want free stuff.”

        1. Like I want the tax payers to build a stadium for my sports team. You mean like that?

          1. Stadiums subsidies are sold under the guise of generating surplus tax revenue in excess of their cost, which is a completely different kind of lie, but whatever. You just want taxpayers to pay for those goalposts you keep moving.

            1. Or just pay for new goalposts in his example.

          2. “Like I want the tax payers to build a stadium for my sports team. You mean like that?”

            I’m sure turd or Tony will give you a hand with those goal posts.

          3. “”Like I want the tax payers to build a stadium for my sports team””

            I’m pretty sure all the libertarians on this site have denounced tax payer built stadiums.

        2. Shorter still: “Gimme!”

      2. there are American economist who claims that if those 200 million hadn’t died far more would have died without communism. in reality more would have lived under capitalism

      3. I’m amused by how all of his complaints about “capitalism” are the ways in which actual capitalism has been corrupted by government interference, and how the solution is obviously… more government interference.

        1. Exactly, the left is always pointing out so called “market failures” which when you really dig into them turn out not to be “market failures” at all, but government failures.

          Yet somehow the answer to government failures is always more government.

          You can see this in it’s purest form when they start talking about campaign finance/political reforms.

          The problem: Corruption in government. The solution: More government.

    3. I wonder if these young people who are concerned about the inequality of American capitalism realize that, compared to the world at large, they are the global 1%, that they are among the wealthy, and that their Purported concern about inequality is belied by their ongoing demand for the latest video games, electronic devices, spring break trips, automobiles, clothing, etc. They happily accept the benefits of American capitalism while pretending to despise it.

    4. So, how will socialism address peoples’ concerns? I think it’s fair to ask that since socialism is imposed at bayonet point.

      1. When was a bayonet used to impose national health care in Canada? What countries established a basic income with a bayonet during the pandemic? How about a country like Iran where in the 1950 the elected leader nationalized the oil companies and the CIA took the leader out and installed a dictator to insure capitalism. Why did so many Americans and Europeans support the rise of the Nazi party. Why to stop socialism.
        Socialism and capitalism can both be imposed by the bayonet or by the ballot box.

        1. Why did so many Americans and Europeans support the rise of the Nazi party. Why to stop socialism.

          Yes. The National Socialist German Workers Party was against socialism.

          1. Of course it was because THIS POST HAS BEEN TRUTHIFIED(TM) BY AMAGOOWITOOK Hitler was a serial rapist with small hands and weird hair who mocked minorities and the disabled and had a fixation on building walls. He engaged in sedition against the people of Germany with his inflammatory rhetoric and killed himself out of spite to deny them a trial for his crimes against humanity.

          2. Well they were seen as a bulwark against the communist Russia. Which eventually did become a republic in the Union of Soviet Socialist Republics. Which all goes to show that names mean little. Unless you really believe that Nazi Germany was a socialist state.

            1. The war between Germany and Russia was not communism vs. freedom. It was which brand of socialism would rule. A simple review of the Nazi Party planks shows this.

            2. And yes, I did notice that you switched from “Nazi Party” to “Nazi Germany”. Weak deflection.

        2. When was a bayonet used to impose national health care in Canada?

          They have a single payer healthcare system, so they’ve basically nationalized the health care system. You don’t do that by asking nicely.

          1. “Sorry aboot yer mom’s kidneys, but we have sex reassignment surgeries ahead of her in the queue, eh?”

            ‘Nicely’ is in the ear of the listener, amirite?

        3. “When was a bayonet used to impose national health care in Canada?”

          When someone refused to pay the taxes, you stupid piece of shit.

        4. I do not think you live in the same world as most of us here. Your’s seems to be a world all smitten with love and justice and how everything ought to be fair and equal.

          Are you clergy? If so that would at least explain your “idealism.”

        5. “How about a country like Iran where in the 1950 the elected leader nationalized the oil companies and the CIA took the leader out and installed a dictator to insure capitalism.”

          s/nationalized the oil companies/stole a bunch of private property/

          FTFY.

        6. So how about answering the question. Or do you regard it as a given?

          1. I can not really answer the question because I am not the advocate for socialism you think I am. What I am saying to Mr. Stossel is to address people concerns for effects of capitalism, rather than trying to scare the hell out of people with stories of socialism.

            I believe and support capitalism. I am retired and have a rather substantial part of my retirement income in the market. Capitalism has been very good for me.

            What I am trying to say is that I think the government has for most of the last 50 years been focused on a wealth-centric capitalism that funnels money through the wealthiest people. I believe there is a need to refocus that approach to funneling money more through the middleclass. This will result in greater movement of capital in the economy benefiting all people. It will likely lessen large wealth inequalities and in doing make socialism look like a less attractive alternative.

            Does that give you an answer?

            1. “the government has”

              And that is the problem. The government has interfered in the free market to help the rich cronies of the politicians become richer and make it more difficult for small businesses to grow and challenge them.

              And _your_ problem is that the first thing you think of to solve a problem is more government – more of the same thing that caused the problem.

    5. I consider wealth inequality a feature rather than a bug.

      Convince me that I should see inequality as a failure.

      1. good question and the when has there ever been wealth equality. not even for cave men for the powerful cavemen ate first.

      2. Inequality is not a failure. The concern is the size of the inequality. Hopefully no one believes that the CEO of a company should make as much as the workers. But when the CEO is given hundreds of millions in compensation and their workers are on food stamps people will begin to question the capitalist system.

        1. People question the 2020 election. People question whether 9/11 was an inside job. People question contrails.

          People question a lot of things. People are often stupid.

        2. “But when the CEO is given hundreds of millions in compensation and their workers are on food stamps people will begin to question the capitalist system.”

          turd or Tony will help you with your strawmen, too.

    6. Something never tried can’t fail.

    7. “”Address young peoples concerns about the failures of capitalism leading to wide wealth inequality.””

      It is not capitalism’s job to solve wealth inequality, therefore it has not failed.

      Socialism leads to wealth inequality too. Mostly between the ruling class and the peasants. The ruling class would love for you to be the useful idiot that makes them rich and keeps you poor.

      1. Exactly. Jack Ma is the perfect example of a useful idiot. They let him be wealthy until they didn’t. Now they are removing his name from Business Records.

    8. We all know there is no wealth disparity in socialist countries, the Kim family, muduro, Xi, and the castros all have the same living conditions as the commoners

    9. BINGO! The wealth at the top has grown tremendously, while the lower classes have not. If it continues we will see an effect similar to the late 19th century-early 20th century, worker revolution.

      1. Unfortunately you are correct. What people have to remember is that many of the socialist governments they hold up as bad were established because people would longer tolerate the older governments. In many cases it was not installing a dictator as much as changing out one dictator for another.

      2. “while the lower classes have not” is utter BS. The lower classes in the USA are much wealthier than they were 50 years ago, and much, much wealthier than in the early industrial age and the pre-industrial world. One of my grandfathers owned a small business and seemed to be doing pretty well, and the other one got fired from every job he had. The “poor” grandparents lived on a small farm in northern Minnesota without indoor plumbing, a TV, or central heating. Grandma bought clothes from the Salvation Army and washed them in a Maytag wringer washer – that’s a lot of work with hot and cold running water, and much more work when you have to start by pumping water into buckets and heating it on the woodstove. They did have electric lights, a woods to cut firewood for heat, and plenty to eat from their garden, which put them well ahead of most poor people before Johnson’s federal welfare programs.

        In 1960, my fairly wealthy grandparents had one car. They didn’t have a TV until nearly 1970. Grandma had an “automatic” washing machine, but hung the clothes on a line in the backyard to dry.

        Now welfare families have several TV sets, cell phones, and video games. They only go cold or hungry by choice, as in spending the utilities money on drugs or swapping their food stamps for booze and cigarettes. The fat person shopping in $150 shoes, filling the grocery cart with junk food, is probably going to pay for it with a “food stamp” debit card. They are wealthier than my wealthier grandparents were in 1960 – except for the effects of bad habits.

  12. MORE Democratic National Socialist Policy = MORE inequality…

    When will Democrats EVER open their EYES!!!! Trump just ran the lowest employment level since the 60s by DUMPING Socialist policy..

    How to fix STUPID.
    Check out China’s inequality level; they’re flirting with socialism.
    National Socialism was coined Nazism by Germany…

    1. The “ugly reality” emotional Democrats won’t allow themselves to acknowledge.

    2. And it didnt stop the USA from handing its jobs over to the socialist nation, where GDP growth more than double.

  13. If conservative and libertarian grand parents and parents don’t want the US to go down the drain of socialism, the should tell their socialist grand children and children that they’re not getting anything in their wills.

    Going all in on socialism should have financial consequences for the socialists.

    1. It does, but not soon enough. Took Venezuela 20 years to turn into a hell-hole.

      1. Socialists are good at nationalizing. They’re just not good at producing.

        1. LOL. Saudi Arabia owns all Aramco yet they are very good at producing oil..

  14. Strange then that our transportation systems havent “adjusted”. Still third world. Or how about those great health insurance companies that have adjusted to take your money and not pay any claims. Certainly our military system is not socialistic. Well, anyway, each countyr is a bit different, and so, each needs a little of this and a little of that.

  15. Why do we keep bothering to engage the committed socialists on an argument of merits? They’re convinced they’re right, so what use is presenting them with factual evidence of their stupidity? Let’s just point them to the ash heap already.

  16. Stossel is a tiresome aging fascist with a cheesy porn-star moustache, obsessively beating the same old drum, year after year. He has a deep hatred of the young and the hip, dating back to when HE was young. Why would anyone listen to his drivel?

    1. #1 sign of a P.O.S. miserable human being; personal attacks without any substantial point. Stossell use to be a filthy Democrat until he grew out of his immature ways.

      1. Thankyew.

  17. There is no one in the Biden administration that is suggesting we adopt Venezuela’s approach. On the other hand there are many that favor choices that Israel, Germany, the Scandinavian countries, Australia and virtually every other 1st world nation have pursued. These would include greater support for college, minimum guaranteed incomes, subsidized child care, and most importantly, universal health care. How is it, these “socialized” programs are basic to 1st world countries, but too dangerous for us. Is Canada going down the tubes?

    1. Their health care is….. Biden is EXACTLY suggesting the adoption of the Venezuela’s approach.

      You’re limited peon vision is all about gimmie, gimmie, gimmie ( Power to Steal ) and not a single incentive to create VALUE. That is the very foundation that compulsively leads to massive deadly failure. conquer and consume, conquer and consume….

      You’re criminally minded and belong in prison.

      1. If you want to talk about Power to Steal how about a system where opaque pricing discourages price comparison, vast disparity between the knowledge of medical providers and clients, where the supply of providers is greatly constrained (by government doctor controlled medical boards) and government grants monopolies for medicines, devices AND services.

        Far from being ANYTHING close to a free market, if there is socialism its the one favoring medical goods supply.

        I will NOT say where I think you belong…

        1. But we know where he belongs, Tonto. You’re just too intelligent and gentlemanly to say it, so I’ll abide by your elegant example. We do have socialism in the United States — our tax money given away as subsidies to Big Oil, Big Ag, Big everybody. America is in an ongoing class war: the rich and powerful against the lower-middle and working classes.

          1. Reference? I was in this argument with someone before… There is NO Big Oil Subsidy and if there is ONE; you can be assured that Trump Supporters are FAR-MORE against it than Biden supporters.

            The rest I agree with completely. The root problem is “socialism” be it “crony socialism” or “communism”. When “The People” founded this countries federal government it was to be LIMITED by the U.S. Constitution not ran by [WE] mob rulers.

  18. Nonsensical article. The examples described would never happen in the United States.

  19. Small point, but Netflix didn’t kill Blockbuster. Mismanagement killed Blockbuster. It was losing money before Netflix was even a thing
    https://www.retaildive.com/news/who-really-killed-blockbuster/564314/

  20. John Stossel and Mike Lindell: Separated at birth?

    1. post against the commnunity guidline but..READ MORE

  21. pagainst the community guiadline and…READ MORE

  22. but no central authority could direct all those individual adjustments in thousands of different places. In fact, federal direction would have prevented it. (The markets responding to the new “needs” because of covid.)

    Fact is, GOVERNMENT want WAY out of their way to PREVENT or DELAY (or both, including preventing some responses) private enterprise from rolling up their sleeves and prodincing “desparatly” needed items. Alcohol distillers, having lost huge parts of their markets for distilled liquors, realised “here is an opportunity”, as “hand sanitizer (WHO ever uses THAT stuff?). They were not “licensed” to produce alcohol fr “pharmaceutical” use. Hah. Thanol is ethanol no matter HOW it is produced. Or from what, or on what equipment. Whether it goes into gas tanks on cars, blended wiht real gasoline, (a stupididea, another “benefit” of government) or put into a fifth/quart bottle and priced at forty bucks for 20% of a gallon. But NO Unka Stoopud gotta make rules, and HIS rules will still be around and enforced when the earthquake/tsunami knock about one fifth of the State of California into the sea. THEN yonder come BATF or maybe it was some other FedGov agency and levied a FOURTEEN THOUSAND DOLLAR fee for the permission that was granted to them to actually manufacture an alcohol based product for human use, even if topically. After stepping up the plate and smakcing a homer out beyond the right field fence by actually manufacturing and distribuitng hand sanitiser whenthere was none, they get whacked fourteen grand for making alcohol based products for human use, even if only topical. NO ONE warned them about this…… kick the hero was the plan/ (hero? I don;t care if no one ever produces another ounce of the stuff)

  23. Libertarians and Conservatives need to stop obsessing about fighting “socialism”. That is because they are mostly fighting a straw man when it comes to the United States. The most leftist ideas anyone is seriously proposing are things that many Western democracies have, such as single-payer health insurance and free college.

    There are crucial debates to be had and decisions to make regarding the future of various social welfare programs that we already have. However, despite the problems with funding Social Security and Medicare, unemployment, Medicaid, food stamps, etc., the wealth transfer inherent in them is still well below the level of what most European countries have in their safety nets.

    The problem that American voters have with this is that they generally want more than they are willing to pay in taxes. This problem is seen on both sides, too. Republicans are never serious about cutting spending as much as they want to cut taxes. They are happy to promise that, somehow, the math will work out that they can cut taxes while increasing military spending and not reducing SS and Medicare benefits. The Democrats promise to raise spending on health care, education, and infrastructure all while only raising taxes on the wealthy.

    The federal deficit blew up during the 21st century because the increase in partisanship meant that these two sides with opposite delusions on fiscal policy weren’t compromising in a way that would cancel the delusions out.

    The Prisoner’s Dilemma seems to explain a lot of our current politics. I’ve seen multiple commentators refer to it. The rational approach to governing for the benefit of the whole country would be to cooperate and compromise, but neither side is willing to take the risk that the other will get a ‘win’ from that compromise.

    It is much easier for each side to demonize the other in order to win elections than to do the hard work of governing better. Ultimately, it then falls to the voters – Us – to demand better. I’m not holding my breath, but we do need to find a way to encourage our elected leaders to do their jobs well instead of just spouting off unrealistic promises and straw man attacks on opponents.

    The core problem seems to be that a large majority of those that think about politics and read about it regularly are also the most emotionally invested in one side or the other. Giving in to cognitive bias feels better than questioning their own beliefs, ideas, and what they think of as fact. They then keep voting for those that will make them feel good rather than those that might actually make their lives better.

  24. There is a confusion over the difference between crony capitalism and free market capitalism. Big government with more and more agencies encourages lobbyists and mintier interests to to enrich the political class that holds the reigns of laws and regulations.
    It’s hard to turn off that spigot. Plus the FED with no interest has made capital assets worth more than labor. Worker bees are screwed

  25. Socialism works great, for the few at the top. That is why it continues to exist after it continually fails. Keep the police and soldiers happy and it does not matter how you harm the rest of the populace.

Please to post comments

Comments are closed.